You can spend your life analyzing the analyses of lives. Yes, there is a cost to it. To jump-start that process, read this study: “The Value of Statistical Life: A Meta-Analysis of Meta-Analyses,” H. Spencer Banzhaf, Journal of Benefit-Cost Analysis, vol. 13, no. 2, 2022, pp. 182-197. the author explains: “The value of statistical life […]
In some cases, a professor’s legal testimony can be very valuable. A judge has now stated on the record just how valuable, measured by cash, that can be: “a million dollars or so”. A December 18, 2023 Associated Press report, headlined “Judge criticizes Trump’s expert witness as he again refuses to toss fraud lawsuit“, says: […]
What is one to think about words about thoughts about prayers and thoughts? A new study tries to tease out the answer. The study is: “The Value of Thoughts and Prayers,” Linda Thunström and Shiri Noy, Proceedings of the National Academy of Sciences, epub 2019. The authors, at the University of Wyoming, explain: “A standard […]
Is paper money that has no value of no value? The zero-rupee note, issued in India by non-governmental volunteers, is a way to study that question. The organization behind the zero-rupee note sees it as a way to fight corruption. The Wikipedia description boils that down: “The notes are ‘paid’ in protest by angry citizens […]
