The analogy of life to an option isn’t perfect because with an option you don’t suffer while you wait for it to expire.
I would say that’s a fundamental and critical flaw in the analogy. Living five more miserable years and then committing suicide leaves you five miserable years worse off. All that you really need to calculate is the expected utility of staying alive.
I would say that’s a fundamental and critical flaw in the analogy. Living five more miserable years and then committing suicide leaves you five miserable years worse off. All that you really need to calculate is the expected utility of staying alive.