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This has been interesting to chew on. Let me say that if there are actually delays, obviously those impose other costs (as a sister post explains here) and so
by asr 8y ago
This has been interesting to chew on. Let me say that if there are actually delays, obviously those impose other costs (as a sister post explains here) and so the cost-benefit calculation may come out differently. But your original post was only about whether it's worth risking lives to avoid lurching trains, which is why I thought it was interesting.
I think the problem with your cost-benefit analysis is that you are using different methodologies to value the cost and the benefit. If you value the benefit of non-lurching trains by asking what people would pay, then you need to use a value for human life that asks what people would agree to receive to be killed--which I believe is much more than $6 million.
Conversely, if you are going to value a human life based on lost earnings/support to family/etc., or some other figure which might produce results in the ballpark of $6 million, then on the other side you need to consider only the lost earnings/hard economic costs of an annoying train ride, which are $0 -- there is no economic loss caused by lurching into a station.