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Updated: Aug 15, 2026

13:04
Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Radiology and risk: an economist's perspective
The British Journal of Radiology
|October 1, 1981
Summary
This study applies the International Commission on Radiological Protection
Area of Science:
- Radiological Protection and Medical Imaging
- Health Economics and Policy Analysis
Background:
- The International Commission on Radiological Protection (ICRP) concept of detriment is central to radiation protection.
- Radiopharmaceutical investigations involve patient dosimetry and associated risks.
- Decision-making in healthcare policy often requires balancing costs against benefits, including lives saved.
Purpose of the Study:
- To integrate the ICRP's concept of detriment within a cost-benefit analysis framework.
- To explore methods for valuing human life in policy decisions involving risk reduction.
- To demonstrate the practical application of life valuation in mammography for breast cancer screening.
Main Methods:
- Explanation and distinction of cost-benefit analysis from cost-effectiveness analysis.
- Exploration of methodologies for assigning monetary value to human life.
- Application of life valuation principles to a specific case study: mammography screening.
Main Results:
- Cost-benefit analysis provides a practical tool for policy decisions where lives saved are a key benefit.
- Determining who values life and whose risk perception is relevant is crucial for policy implementation.
- Mammography screening serves as a practical example for applying life valuation in risk-benefit assessments.
Conclusions:
- The ICRP's detriment concept can be effectively operationalized through cost-benefit analysis.
- Valuing human life is a necessary, albeit complex, component of evidence-based health policy.
- Practical application of these principles aids in optimizing public health interventions like mammography.
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