Friday, November 22, 2019

Value of a Statistical dog's life

While this may seem whimsical, creepy, or just nuts, actually this is useful: if a hypothetical policy saves 100 dogs' lives, how much should we be willing to pay for that policy? This paper says that the answer is easy: about $10,000 per dog. Now to find a way to include this in my class in the spring.... :)