And of not doing what you want. At a year, you start going through math around the likelihood you'd die from the virus and realizing that even with a 1% mortality rate, for someone with the whole life ahead of them, the time/opportunity EV is negative.
There are people who set a monetary value on human life, and we have good estimates on that. What we don't have a good number for is what's the value of different degrees of freedom. Is a life where traveling is impractical, meeting people is challenging, you can't go to Disneyland, all that stuff, is it worth 75% of a life at 2019 levels? I don't mean this economically, I mean this as living life.
> , you start going through math around the likelihood you'd die from the virus and realizing that even with a 1% mortality rate, for someone with the whole life ahead of them, the time/opportunity EV is negative.
Could you elaborate on this? By EV you mean the expected value?
Yeah. It's not quite the same as EV, but the idea is that living one year of your life 75% "fully" is like reducing your life expectancy by 3 months. If you have another 50 years to live, if the choice is between 75% fully and any less than a 1 in 200 chance of dying or having lasting complications, you take your chances. Where this gets awkward is the elderly because it takes away one of their five good years left, but the alternative is a 15% chance of dying.
There are people who set a monetary value on human life, and we have good estimates on that. What we don't have a good number for is what's the value of different degrees of freedom. Is a life where traveling is impractical, meeting people is challenging, you can't go to Disneyland, all that stuff, is it worth 75% of a life at 2019 levels? I don't mean this economically, I mean this as living life.