Professor Andrew Oswald from the University of Warwick said: “Many of the valuable things in life -- love, friendship, health -- come without price-tags attached. Sadly, there can come a time of loss when a value has to ascertained, but judges who set damages are left to use crude rules-of-thumb and financial settlements can in practice be amazingly small. Our new methods can change that.” “In the case of fatal accidents the “Fatal Accidents Act 1976” provides a lump sum currently set at only £10,000 damages for bereavement and this is only available to the husband or wife of the deceased, or, if the deceased was unmarried and a minor, to the parents. It does not give children a claim for the death of a parent.”
The researchers used the British Household Panel Survey (BHPS). This is a nationally representative sample of households, which contains over 10,000 adult individuals, and which provided them with information on more than 2000 bereavements.
They applied the latest statistical tools in happiness research. They compared the shift in mental well-being levels recorded by bereaved people in the survey with the shift in levels of happiness when British Household Panel Survey report various levels of changes in income. By doing so, they gain a financial figure for that loss of a loved one that is rooted in the real loss felt rather than the ad hoc approach produced by the courts. For a typical person, that level of unhappiness equated to the following necessary financial amounts in compensation for bereavement.
Necessary annual damages for pain and suffering from:Loss of a Partner £312,000
The amounts given are average amounts. The researchers also found some significant gender differences – for example, typically women were much more deeply affected by the loss of a child than were men.
Peter Dunn | alfa
Blockchain Set to Transform the Financial Services Market
28.09.2016 | HHL Leipzig Graduate School of Management
Paper or plastic?
08.07.2016 | University of Toronto
Ultrafast lasers have introduced new possibilities in engraving ultrafine structures, and scientists are now also investigating how to use them to etch microstructures into thin glass. There are possible applications in analytics (lab on a chip) and especially in electronics and the consumer sector, where great interest has been shown.
This new method was born of a surprising phenomenon: irradiating glass in a particular way with an ultrafast laser has the effect of making the glass up to a...
Terahertz excitation of selected crystal vibrations leads to an effective magnetic field that drives coherent spin motion
Controlling functional properties by light is one of the grand goals in modern condensed matter physics and materials science. A new study now demonstrates how...
Researchers from the Institute for Quantum Computing (IQC) at the University of Waterloo led the development of a new extensible wiring technique capable of controlling superconducting quantum bits, representing a significant step towards to the realization of a scalable quantum computer.
"The quantum socket is a wiring method that uses three-dimensional wires based on spring-loaded pins to address individual qubits," said Jeremy Béjanin, a PhD...
In a paper in Scientific Reports, a research team at Worcester Polytechnic Institute describes a novel light-activated phenomenon that could become the basis for applications as diverse as microscopic robotic grippers and more efficient solar cells.
A research team at Worcester Polytechnic Institute (WPI) has developed a revolutionary, light-activated semiconductor nanocomposite material that can be used...
By forcefully embedding two silicon atoms in a diamond matrix, Sandia researchers have demonstrated for the first time on a single chip all the components needed to create a quantum bridge to link quantum computers together.
"People have already built small quantum computers," says Sandia researcher Ryan Camacho. "Maybe the first useful one won't be a single giant quantum computer...
14.10.2016 | Event News
14.10.2016 | Event News
12.10.2016 | Event News
27.10.2016 | Materials Sciences
27.10.2016 | Physics and Astronomy
27.10.2016 | Life Sciences