I’ll agree that they are lower, but I am not sure that they are significantly lower. It seems to me that ANY positive externality would be evidence for underuse and you can think of a large number of them without ever putting a value on life.
That said, I do think that it is obviously important to put a value on life so that you can do cost-benefit analyses.
I’ll agree that they are lower, but I am not sure that they are significantly lower. It seems to me that ANY positive externality would be evidence for underuse and you can think of a large number of them without ever putting a value on life.
That said, I do think that it is obviously important to put a value on life so that you can do cost-benefit analyses.