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hpr4015 :: Value of life, part 0.

Wear your secret hat. Sgoti talks about putting a dollar value on a human life.

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secret hat, value of life. (Be the first).

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Duration: 00:18:24


Value of life, part 0.

Wear your secret hat. Sgoti talks about putting a dollar value on a human life.

  • Source: Value of life
    • The value of life is an economic value used to quantify the benefit of avoiding a fatality. It is also referred to as the cost of life, value of preventing a fatality (VPF), implied cost of averting a fatality (ICAF), and value of a statistical life (VSL).
  • Supporting Source: Cost-benefit analysis
    • Cost-benefit analysis (CBA), sometimes also called benefit-cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements.
  • Source: Social Credit System
    • The Social Credit System is a national credit rating and blacklist being developed by the government of China. The social credit initiative calls for the establishment of a record system so that businesses, individuals and government institutions can be tracked and evaluated for trustworthiness. There are multiple forms of the social credit system being experimented with, while the national regulatory method is based on whitelisting (termed redlisting in China) and blacklisting.
  • Source: What is Body Part Insurance?
    • Insuring body parts isn't anything new in the world of celebrities, but it is a rare type of insurance that now counts athletes among its numbers. The entire point of insuring a body part is to supplement a loss of income should that body part become injured, damaged, scarred, handicapped or lost, preventing the individual from continuing to use it to generate income.
  • Source: Pre-existing condition
    • The University of Pittsburgh Medical Center defines a pre-existing condition as a "medical condition that occurred before a program of health benefits went into effect". J. James Rohack, president of the American Medical Association, has stated on a Fox News Sunday interview that exclusions, based upon these conditions, function as a form of "rationing" of health care.
  • Supporting Source: The U.S. Department of Health & Human Services


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