title: [The value of life and limb].
abstract: Assessment of the value of life and limbs is a controversial subject, not only emotionally but also theoretically. The economic starting point is based on assessment of the value of reduction or increase of the probability for an event which leads to disability or death. No concern is expressed for the single individual but for the phenomenon of probability where the person or persons who are affected by an event cannot be identified. Assessment of the value is in monetary units. The obvious discrepancy between the expression "value of life and limbs" and the theoretical content of the analysis has involved many misunderstandings. Attempts are made to elucidate and explain these. There is e.g. another method of assessing the value of life and limbs, the human capital method. In this, the disability and the premature death (compared with the current time) by means of loss of occupational income are assessed. The method is criticized and is discarded on the basis of theoretical arguments and consequences, the calculations of which are employed. Unfortunately, it has proved tempting to employ the method because it is relatively easy to make the calculations. Finally, the parts played by some recent questionnaire methods for assessment of alterations of risks are discussed. Assessment of the value of alterations in risks is an important requirement in order to carry out relevant cost-benefit analyses in the health sector. In cases where this is not possible, these analyses are meaningless.
authors: K M
authors: KM
authors: Pedersen
authors: A
authors: A
authors: Alban
authors: B
authors: B
authors: Danneskiold-Samsøe
mesh_terms: D003362:Cost-Benefit Analysis; D003718:Denmark; D006233:Persons with Disabilities; D004470:Economics, Medical; D006801:Humans; D008020:Life Support Care / Q000191:economics*
vernacular_title: Vaerdien af liv og lemmer.