Earlier quoted context omitted.
>Suppose each person in a sample of 100,000 people were asked how much he or she would be willing to pay for a reduction in their individual risk of dying of 1 in 100,000, or 0.001%, over the next year. Since this reduction in risk would mean that we would expect one fewer death among the sample of 100,000 people over the next year on average, this is sometimes described as "one statistical life saved.” Now suppose t…
> The gain is that the average mortality goes down by 0.001%. What made you come up with that nonsensical figure? Suicide is the leading cause of death in males under 45 in the UK. [0] And here's another tidbit [1]: > Eliminating suicide as a cause of death would have increased life expectancy at birth by 1.92 years for males and 1.36 years for females from 2011 to 2015 [in the US]. We can debate whether and how much…
I'm simply saying reducing mortality 0.001% doesn't equal 10 million dollars saved per 100,000 people as they somewhat implied. It's that society as a whole is perhaps willing to spend $10 million to reduce mortality 0.001%.