Comment 103943

By CharlesBall (registered) | Posted August 14, 2014 at 11:22:01 in reply to Comment 103928

Thanks very much.

That study is an interesting read. They use two valuation methods and accept the most expensive one. The two are miles apart. Amongst other things, the one they accepted does not account for the decreased costs on society for the loss of a person while the other does. (So for example, if you died of a heart attack at age 40, the societal costs could be as high as $20 million dollars using one methodology but around 1 million using the other.)

Anyway a very interesting study and thanks for sharing. I'm sure if lawyers could convince a court to value a human life that way, either insurance companies would go bankrupt or major changes would occur.

Comment edited by CharlesBall on 2014-08-14 11:23:31

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