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Modelers weigh value of lives and lockdown costs to put a price on Covid-19
- marojejian 7y agoThis is why I describe myself as a utilitarian. Sure, there are legit weaknesses & criticisms you face, including: - How can you make such cold and absurd calculations, comparing lives to money? - Your models are simplistic and wrong! - There's huge uncertainty in your parameter values! But in cases like this, our choices (or inaction) DO trade lives vs. dollars. If you don't attempt to construct a model, it doesn't mean you aren't making a choice. You are just making it relatively more blind.