3 ms·
> $25k seems low for a life-saving queue-jump during a crisis. Not really. Right off the bat, if you figure there's a 1% chance you die if you get it and a 20%
by worker767424 6y ago
> $25k seems low for a life-saving queue-jump during a crisis.
Not really. Right off the bat, if you figure there's a 1% chance you die if you get it and a 20% change you get it, that values a life at $12.5M. That's a little on the low side for someone rich, but not not by that much.
You also have to factor in that it's free in 6 months, and for at least 3 months, it's not like you can do anything. The drug is also experimental, so there's an off chance something really bad happens. The vaccine also means you won't be a long hauler, so that adds some value.
$25k feels about right.
- bilbo0s 6y agoThe point is, we don't have to worry about what feels right when we have the ability to implement a computerized auction and maximize the wealth we extract from these people in the first place. I agree with OP. I'm betting if you have an open auction, 25k would come in on the low side.
- SilasX 6y agoEchoing what bilbo0 said. Also, you’re not factoring in the reputational and legal risk to those bribed, and the fact that the rich try to get it with the specific intent to ramp up their riskier activities once they get it, which will allow them to do valuable things in a disproportionately valuable time frame.
- Simulacra 6y agoI don't think so, considering that the wealthy were hoarding PPE and ventilators at the height of the crisis. It would be fascinating to see the wealthy scramble for this early vaccine, only to find that it has some horrible side-effect. Darn shame.