2min chapter

Cautionary Tales with Tim Harford cover image

The Spreadsheet of Life and Death

Cautionary Tales with Tim Harford

CHAPTER

How Much Is a Pilot's Life Worth?

In 19 68, thomas shelling sat down to write an essay on the worth of a human life. He considered all the usual ways one might try to value an asset. Shelling said, nobody can sensibly answer the question, how much would you pay not to die?

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