How Much Is a Human Worth? (according to engineers)
Practical Engineering
Why leaders watch it
Explains how agencies price human life to weigh cost against safety, a framework for making explicit risk trade-offs.
Practical Engineering explains how engineers and agencies put a dollar value on a human life to weigh cost against safety. It covers the legal and regulatory basis for these calculations.
Takeaways
- Safety decisions imply a value of life
- Make cost-benefit trade-offs explicit
- Be transparent about risk assumptions
Topics: Decision making & mental models, Ethics & character
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