Back when we launched rockets with humans on board and there was a high chance they wouldn’t return. Mercury, Gemini, Apollo, early shuttle. At least that what I refer to it as. Probably not a wide used term.
why should we, say, triple the cost to launch one astronaut to LEO from $10M to $30M, if that reduces his chance of death from 0.1% to 0.5% ( 1/200 th of a human life of improved utility) at a cost of two or five or ten human lives of output?
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You cannot just put a value on a human life like that.
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That's funny. Somehow, we do it every day. It impossible to make sane economic decisions without doing so.
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