this post was submitted on 23 Dec 2023

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What's the value of statistical life (VSL)? (cdn.masto.host)

submitted 10 months ago* (last edited 10 months ago) by LabPlot@floss.social to c/dataisbeautiful@lemmy.ml

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What's the value of statistical life (VSL)?

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➡️ https://en.wikipedia.org/wiki/Value_of_life

#DataAnalysis #DataScience #Data #DataViz #Visualization #Plotting #Statistics #Life #Risk #Safety #Security
#USA #USDA #FOSS #OpenSource #FLOSS #VSL

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[–] eatthecake@lemmy.world 8 points 10 months ago

After reading the wiki I've come to the conclusion that any cost benefit analysis based on this ill-defined concept and it's multitude of misinformed methodologies is complete bollocks.

[–] SpaceNoodle@lemmy.world 3 points 10 months ago

And yet the vast majority of us will never have this supposed wealth available.