INSENSITIVITY TO THE VALUE OF HUMAN LIFE - A STUDY OF PSYCHOPHYSICAL NUMBING

Citation
D. Fetherstonhaugh et al., INSENSITIVITY TO THE VALUE OF HUMAN LIFE - A STUDY OF PSYCHOPHYSICAL NUMBING, Journal of risk and uncertainty, 14(3), 1997, pp. 283-300
Citations number
17
Categorie Soggetti
Economics,"Business Finance
ISSN journal
08955646
Volume
14
Issue
3
Year of publication
1997
Pages
283 - 300
Database
ISI
SICI code
0895-5646(1997)14:3<283:ITTVOH>2.0.ZU;2-N
Abstract
A fundamental principle of psychophysics is that people's ability to d iscriminate change in a physical stimulus diminishes as the magnitude of the stimulus increases. We find that people also exhibit diminished sensitivity in valuing lifesaving interventions against a background of increasing numbers of lives at risk. We call this ''psychophysical numbing.'' Studies 1 and 2 found that an intervention saving a fixed n umber of lives was judged significantly more beneficial when fewer liv es were at risk overall. Study 3 found that respondents wanted the min imum number of lives a medical treatment would have to save to merit a fixed amount of funding to be much greater for a disease with a large r number of potential victims than for a disease with a smaller number . The need to better understand the dynamics of psychophysical numbing and to determine its effects on decision making is discussed.