At 10:26 PM 7/25/01 -0500 Dan Minette wrote:
>> The only way to truly value your life, is to consider the following
>question:
>> How much would someone have to offer you to take a hypothetical injection
>> that will killy instantly and painlessly in one month's time?
>
>The only way? That is quite a statement.
Eh, I take that back.
I didn't mean really mean "only", so much as I was concentrating on all the
reasons why Jeroen's valuation was inaccurate.
You have an interesting analysis though - and it also raises the question
for me as to why the traditional economic method of valuing a human life
(by analyzing jury awards, and such) comes up with what I consider to be
the relatively low figure of around $1-2 million.
Nevertheless, I still think that my method is at least *better* than your
method. After all, humans are notorious for not properly valuing risks
and probabilities. The question I propose, however, forces one to
directly the consider the transaction of one's life for a certain number of
units of value.
JDG
__________________________________________________________
John D. Giorgis - [EMAIL PROTECTED] - ICQ #3527685
We are products of the same history, reaching from Jerusalem and
Athens to Warsaw and Washington. We share more than an alliance.
We share a civilization. - George W. Bush, Warsaw, 06/15/01
