Suppose we use the assumptions I made in my previous comment of death costing $1B and injury costing $5M. And suppose we ballpark it and say that injuries are 100x more likely than death. That makes it more like $1B to $500M. However, that is assuming all injuries cost $5M, and that seems high. It assumes that a) it is a permanent injury and b) it cuts the value of life fully in half. I’d ballpark it at more like maybe $1M on average. In which case it’s more like $1B to $100M.
But this is comparing injury costs to the $1B number for the value of life, which you could argue is high. If you disagree with the $1B number, then injuries seem like they might be important. For example, if we forget about the whole life extension thing and use the assumption of $10M for the value of life and $1M for the value of avoiding injury, with injury being 100x as likely as death, the injury component becomes the bigger factor.
But this extra injury stuff probably doesn’t change driving from “worth it” to “not worth it”. So the crux of the question still does seem to revolve around how much you value life.
Good points, maybe you’re right.
Suppose we use the assumptions I made in my previous comment of death costing $1B and injury costing $5M. And suppose we ballpark it and say that injuries are 100x more likely than death. That makes it more like $1B to $500M. However, that is assuming all injuries cost $5M, and that seems high. It assumes that a) it is a permanent injury and b) it cuts the value of life fully in half. I’d ballpark it at more like maybe $1M on average. In which case it’s more like $1B to $100M.
But this is comparing injury costs to the $1B number for the value of life, which you could argue is high. If you disagree with the $1B number, then injuries seem like they might be important. For example, if we forget about the whole life extension thing and use the assumption of $10M for the value of life and $1M for the value of avoiding injury, with injury being 100x as likely as death, the injury component becomes the bigger factor.
But this extra injury stuff probably doesn’t change driving from “worth it” to “not worth it”. So the crux of the question still does seem to revolve around how much you value life.