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That's the value of an average life. Health economists at e.g. the NHS actually use https://en.wikipedia.org/wiki/Quality-adjusted_life_year https://en.wikipedi
by logicchains 6y ago
That's the value of an average life. Health economists at e.g. the NHS actually use https://en.wikipedia.org/wiki/Quality-adjusted_life_year https://en.wikipedia.org/wiki/Quality-adjusted_life_year, to account for the fact that e.g. an 80 year old has fewer years of life left than a 10 year old.