Tip of the Day 8: Human Life Value


The Value of a Human Life is currently $5.8 million according to the U.S. government. This is a theoretical statistical valuation representing how much money it is worth spending in order to save an average hypothetical American’s life. This measurement is not used in terms of a specific individual and his or her specific situation; it is instead used as a general measurement when speaking about hypothetical loss of lives.

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2 Comments

  1. Thank you..really informative!!

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  1. Tip of the Day: Elasticity « Econoblog

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