In real life tradeoffs always have to be made, and some of them are tough for the public to know about. The classic case is road construction. Road design A wi

In real life tradeoffs always have to be made, and some of them are tough for the public to know about. The classic case is road construction. Road design A will cost $120M and 3 people per decade will die. Design B costs $180M and kills 2 people per decade. Which one do you build? The USDOT uses $13.7M as the "Valuation of a Statistical Life": https://www.transportation.gov/office-policy/transportation-policy/revised-departmental-guidance-on-valuation-of-a-statistical-life-in-economic-analysis https://www.transportation.gov/office-policy/transportation-...