The option value of life

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2021
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10.1017/S0266267120000061
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Economics and Philosophy ; 37 (2021), Special Issue 1. - pp. 118-138. - Cambridge University Press. - ISSN 0266-2671. - eISSN 1474-0028
Abstract
This paper argues that under conditions of uncertainty, there is frequently a positive option value to staying alive when compared to the alternative of dying right away. This value can make it prudentially rational for you to stay alive even if it appears highly unlikely that you have a bright future ahead of you. Drawing on the real options approach to investment analysis, the paper explores the conditions under which there is a positive option value to staying alive, and it draws out important implications for the problems of suicide and euthanasia.
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100 Philosophy
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Real options approach; uncertainty; Deprivation Account of the Badness of Death; suicide; euthanasia
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ISO 690BURRI, Susanne, 2021. The option value of life. In: Economics and Philosophy. Cambridge University Press. 37(Special Issue 1), pp. 118-138. ISSN 0266-2671. eISSN 1474-0028. Available under: doi: 10.1017/S0266267120000061
BibTex
@article{Burri2021optio-54547,
  year={2021},
  doi={10.1017/S0266267120000061},
  title={The option value of life},
  number={Special Issue 1},
  volume={37},
  issn={0266-2671},
  journal={Economics and Philosophy},
  pages={118--138},
  author={Burri, Susanne}
}
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