Definition(s)


Willingness-to-accept

Amount a person is willing to accept to forgo a benefit.

Sample Usage: Researchers designed a survey to estimate the willingness-to-accept dollar value travelers would require to compensate for time, convenience, and privacy potentially lost under a proposed security measure.

Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance

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