Work

Risk perception in food safety and the Value of Statistical Mild Food-Induced Adverse Reactions

Year: 2025

Type: article

Abstract: This paper presents a novel approach to structurally estimating the value of eliminating mild adverse food reactions (Value of Statistical Mild Food-Induced Adverse Reactions, VSFAR) using a discrete choice experiment (DCE), without assuming objective perception of risk or any particular functional form for utility. We showcase our method using a Forthright panel of 1,190 US consumers with some type of food intolerance and find VSFAR values ranging from 22 to 229 USD per case, with substantial variation across models and consumer classes. We also find meaningful differences in likelihood insensitivity and pessimism across consumer segments, underscoring the need to incorporate flexible probability weighting functions and account for heterogeneity in preferences when valuing food-related health risks. Because our estimates are not tied to specific food items or types of adverse reactions, they can be scaled by the expected case numbers to inform societal cost estimates for mild food-borne illness or used in marketing to quantify the effect of risk reduction on the value chain of relevant products.

Source: Journal of Behavioral and Experimental Economics

DOI: 10.1016/j.socec.2025.102461

Authors: Achilleas Vassilopoulos, Marcin Adam Antoniak, Marija Cerjak

Institutions: Agricultural University of Athens, Poznań University of Economics and Business, University of Zagreb

Language: English

Topic: Economic and Environmental Valuation

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Good health and well-being

Open Access status: hybrid

Estimated APC paid: $2,830