4 ms·
What's a good rationale for any particular sum? I mean, for starters you can just calculate average lifetime earnings and subtract expected earnings of the per
by concordDance 3y ago
What's a good rationale for any particular sum?
I mean, for starters you can just calculate average lifetime earnings and subtract expected earnings of the person over the remainder of their lifespan, then add an amount per year in prison roughly corresponding to the QALY value of prison vs normal life...
But is there anything else you might add on? I expect the above calculation to only arrive at about a million for a country like the UK (which is less rich than the US and has less bad prisons).
- lamontcg 3y agoNeeds a compound annual growth rate, plus there's lost opportunity costs.
- FireBeyond 3y ago> I mean, for starters you can just calculate average lifetime earnings and subtract expected earnings of the person over the remainder of their lifespan, then add an amount per year in prison roughly corresponding to the QALY value of prison vs normal life... I would at least double, or triple it. He lost his life outside his work and earnings. He wasn't in prison for only 8h/day.
- concordDance 3y agoThat's what the QALY cost would be about. You probably don't want to give out much more than the cost of a QALY in your health system...