I accept that my 10k figure is lower than typical; again, I’m relatively young (25) and risk tolerant. I’m curious where you’d bound your “cost of avoiding covid” at - $100k? $1M?
I did not model impact on others, and agree that this is a major oversight—as OP stated, there aren’t great models of this yet and we should try to do better.
But crucially, I don’t think “my current parameters leads to a massive underestimate” logically equates to “dollars are a bad framing device for understanding risk”. I almost feel like the fact that you can have such strong immediate opinions on seeing these dollar figures, means that converting to dollars provided a lot of clarity around our respective thought processes.
Of course it’s a simplification; it paints over, for example, the fact that two people with different incomes but the same risk tolerance would assign different dollar values. But on the flip side, literally every member of our society has grown up assessing the prices of things in dollars. QALY, micromorts, now microcovids, etc are incredibly esoteric by comparison.
I accept that my 10k figure is lower than typical; again, I’m relatively young (25) and risk tolerant. I’m curious where you’d bound your “cost of avoiding covid” at - $100k? $1M?
I did not model impact on others, and agree that this is a major oversight—as OP stated, there aren’t great models of this yet and we should try to do better.
But crucially, I don’t think “my current parameters leads to a massive underestimate” logically equates to “dollars are a bad framing device for understanding risk”. I almost feel like the fact that you can have such strong immediate opinions on seeing these dollar figures, means that converting to dollars provided a lot of clarity around our respective thought processes.
Of course it’s a simplification; it paints over, for example, the fact that two people with different incomes but the same risk tolerance would assign different dollar values. But on the flip side, literally every member of our society has grown up assessing the prices of things in dollars. QALY, micromorts, now microcovids, etc are incredibly esoteric by comparison.