4 ms·
Often public policy will use "quality-adjusted life years" saved as a more precise metric in decision-making, which allows for valuing e.g. an intervention that
by logicchains 7y ago
Often public policy will use "quality-adjusted life years" saved as a more precise metric in decision-making, which allows for valuing e.g. an intervention that saves people 10 years of life on average more than one that saves 2 years of life on average. Using this metric, it's not clear that we're saving more in life $ value than the cost of the shutdown: https://theincidentaleconomist.com/wordpress/economic-cost-of-flattening-the-curve/ https://theincidentaleconomist.com/wordpress/economic-cost-o... .