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How much is a human life worth?
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Compensation claims always have to balance this and turn to cold, hard guidelines because there is no price you can put on the emotional loss.
A formula for calculating such a thing could look at age, health, level of education and level of wealth to determine an expected death date if it weren't brought forward in an untimely manner. From that, you could calculate how many years of contribution to the economy that were lost and multiply that by the median wage.
I'm pretty sure something like that already exists but I CBA to google for it.Comment
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Quality life years (QALY) used to be a thing. Not sure if they still are.Originally posted by ladymuck View PostCompensation claims always have to balance this and turn to cold, hard guidelines because there is no price you can put on the emotional loss.
A formula for calculating such a thing could look at age, health, level of education and level of wealth to determine an expected death date if it weren't brought forward in an untimely manner. From that, you could calculate how many years of contribution to the economy that were lost and multiply that by the median wage.
I'm pretty sure something like that already exists but I CBA to google for it.Comment
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Or, should we sacrifice the few to save the many? Lots of research and studies around this moral dilemma.Originally posted by escapeUK View PostHow much is a car worth? How much is a house worth? Same principle, some are worthless some are worth a lot.
The real philosophical question to ask is, how many lives would you sacrifice to save your own life, or that of a loved one?Last edited by Whorty; 26 March 2020, 09:30.I am what I drink, and I'm a bitter man
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Based on supply and demand, and rarity, I would put a human life at approximately zero.
Just pricing it up like a trader.Comment
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Originally posted by Whorty View PostOr, should we sacrifice the few to save the many? Lots of research and studies around this moral dilemma.
can we select the sacrificial lambs?Comment
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