The App is faulty. It appraises the bench as a “bench”, not the worth of it’s elements; but it changes algorithms completely when pointed at a person. Is a car a vehicle or pile of Iron, carbon, aluminum, etc?
I’m not sure why actuaries are getting shade thrown at them. Aren’t they basically accountants? Yeah, it’s (part of) their job to assign monetary values to things like life expectancy and other health/injury factors, but I don’t see that as cynical or opportunistic. If your life/accident insurance paid out according to your value “as a human being” rather than on calculable loss of actual/expected future income, your premiums would be enormous.
On battlefields and disaster scenes, medical attention is divided by triage among a) those whose lives may be saved with immediate attention, b) those whose injuries can wait, and c) those for whom medical attention would probably be futile. There’s no room for sentiment: the doctors can’t spend nine hours trying to save the life of a beloved family man with his stomach ripped open at the expense of three unloved schlubs who could be saved by simple but immediate attention.
Yeah, it’s a matter of reducing the value of lives to cost/benefit analysis, but it’s not subjective and not malicious.
donut reply over 1 year ago
Recently had a relative cremated. All they did reduced to $160.
uniquename over 1 year ago
This seems to be a topic of some debate. Here’s a quick article supporting Barney’s app, but doesn’t explain why:
https://www.loopinsight.com/2012/11/25/the-human-body-is-worth-160/
Here’s another that increases that price considerably and it does explain itself:
https://socratic.org/questions/what-is-the-cost-of-a-human-body-in-terms-of-the-different-elements-that-make-it
No matter which article you go with, your body’s worth less than an expensive bottle of bourbon. Have a nice day all!
P51Strega over 1 year ago
The App is faulty. It appraises the bench as a “bench”, not the worth of it’s elements; but it changes algorithms completely when pointed at a person. Is a car a vehicle or pile of Iron, carbon, aluminum, etc?
FassEddie over 1 year ago
That bench has no value to me. I’ll never use it. Some folks feel that way about school taxes – after their kids have grown up.
fritzoid Premium Member over 1 year ago
I’m not sure why actuaries are getting shade thrown at them. Aren’t they basically accountants? Yeah, it’s (part of) their job to assign monetary values to things like life expectancy and other health/injury factors, but I don’t see that as cynical or opportunistic. If your life/accident insurance paid out according to your value “as a human being” rather than on calculable loss of actual/expected future income, your premiums would be enormous.
On battlefields and disaster scenes, medical attention is divided by triage among a) those whose lives may be saved with immediate attention, b) those whose injuries can wait, and c) those for whom medical attention would probably be futile. There’s no room for sentiment: the doctors can’t spend nine hours trying to save the life of a beloved family man with his stomach ripped open at the expense of three unloved schlubs who could be saved by simple but immediate attention.
Yeah, it’s a matter of reducing the value of lives to cost/benefit analysis, but it’s not subjective and not malicious.
JudyAz over 1 year ago
Price and value are definitely not the same. “Priceless” certainly doesn’t mean “valueless”.
Night-Gaunt49[Bozo is Boffo] over 1 year ago
Some of our chemical compounds are worth thousands maybe more.