hedonic damages


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hedonic damages

compensation based on what the victim of a crime might have earned in the future.
References in periodicals archive ?
This last item, called hedonic damages, is basically an expression of the dollar value of a life, determined by economists to be quantifiable at $1.
A further problem is that courts in several jurisdictions have rejected hedonic damages, and the approach (especially the willingness-to-pay valuation method) remains controversial even among jurisdictions that have recognized it.
35) Hedonic damages, they say, reinforce the view that
Recently some state courts, including two district courts of appeal in California, have disapproved the use of hedonic damages and have ruled that testimony related thereto is inadmissible.
Hedonic damage advocates have answered this question with a resounding "Yes.
Today, when applied to litigation, the definition of hedonic damages is the loss of the enjoyment or value of life.
She is entitled to compensatory damages, that is, lost wages, medical expenses, pain and suffering, and hedonic damages.
The high stakes methodology of hedonic damages began to be accepted by some courts in the 1980s.
Loss-of-enjoyment-of-life or so-called hedonic damages is a highly controversial topic in the forensic economics literature.
Damages for loss of enjoyment of life (LEL), or hedonic damages as they are often called, compensate people for the deprivation of life's satisfactions and rewards caused by injury or death.
1990) first described a judgmental scaling method for valuing hedonic damages resulting from non-fatal injury.