Re: Global Warming
ha ha ha, mine probably won't bring much at auction. I will try and give an explaination of how they do this, however i will probably do a poor job. I first heard this from my macroeconomics professor at the University of Florida. Basicly you can find out how much value we put on a human life by looking at certain legislative proposals for safety features and regulations and such and we look at the cost of these measures and weather or not they were inacted. If project A was enacted and it was estimated to save an average of 100 lives a year and it costs $10 million annually then we value a human life at $100,000. Generally i think the actual figures are much lower. Where this type of analysis really becomes interesting is when a project is rejected because it is percieved as being too costly. This is a horribly oversimplified version of this method, but i hope it gets the point across. I know it an incredibly callous analysis of the value of human life but the point is that it can be done and quite accurately at that...
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