Tagged: Tim Harford

Micromorts - The Dismal Science

Eric Crampton Jan 20, 2015

When public stupidity is the constraint, you can either rail against the stupidity, or route around it. And Tim Harford finds a nice hack around public repugnance at putting a value on human life.Instead of talking about the value of a statistical life, which still puts people off, talk about micromorts: a one-in-a-million chance of dying. If the value of … Read More