Estimating the Value of Statistical Life in a Road Safety Context Based on the Contingent Valuation Method

Table 5

Acceptance probability, mean, and median WTP functions.

Distribution	Acceptance probability	Mean	Median
Log-normal
Log-logistic
Weibull

Source: [44, 53]. Note: in the log-logistic and Weibull distributions, a finite median exists when . Otherwise, it becomes infinity [54].