Teachers will be able to:
– Show how individuals, firms and governments use implicit valuations.
– Show how to evaluate government decisions using the concept of a statistical life.
In this economics webinar, discuss how policymakers and private interests make decisions based on outcomes of live and death.
How much is life actually worth? Economists have used a variety of methods to arrive at an answer.
This webinar introduces participants to how the value of a human life is used to evaluate policies in a wide variety of areas— from car safety features to dealing with the COVID-19 pandemic.
Presenter: Theresa Fischer