[BostonCard]

According to researchers from HEC Paris business school and Bocconi University in Milan, it cost the American economy $169 billion and saved an additional 29,000 lives, about $6 million per life.

https://news.yahoo.com/169-bn-29-000-liv...40202.html

Given that the typical value of a statistical life in the US is about $10 million, it seems the intervention was worth it.

https://www.marketplace.org/2019/03/20/how-value-life/

That’s what is called the value of a statistical life, and it is the dollar value assigned to a theoretical human life — $10 million when you do this calculation today.

BC

We're not going down this road again, are we?  
Does the analysis you link figure that every life is worth the same, no matter the age/condition?

Yes, that is government policy, and is the standard that EPA applies to environmental regulation, OSHA applies to occupational hazards, and the NHTSA applies to auto safety.  The George W. bush administration considered changing to a standard that valued some lives more than others, and it was not well received.

BC

[BostonCard]

According to researchers from HEC Paris business school and Bocconi University in Milan, it cost the American economy $169 billion and saved an additional 29,000 lives, about $6 million per life.

https://news.yahoo.com/169-bn-29-000-liv...40202.html

Given that the typical value of a statistical life in the US is about $10 million, it seems the intervention was worth it.

https://www.marketplace.org/2019/03/20/how-value-life/

That’s what is called the value of a statistical life, and it is the dollar value assigned to a theoretical human life — $10 million when you do this calculation today.

BC

We're not going down this road again, are we?  
Does the analysis you link figure that every life is worth the same, no matter the age/condition?

Yes, that is government policy, and is the standard that EPA applies to environmental regulation, OSHA applies to occupational hazards, and the NHTSA applies to auto safety.  The George W. bush administration considered changing to a standard that valued some lives more than others, and it was not well received.

BC