Lecture 4-10-2007

Lecture 4-10-2007 - Political Science 104 Lecture, April...

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Lecture, April 10, 2007 Cont’d NHTSA Study: marginal safety increase with lap or shoulder belts Must be properly worn Can increase some other injuries (stiffer seat backs) Costs Retrofitting would cost between $1-2K per bus (there about 500,000 school buses used in the US) Seat belts would reduce the capacity of most buses, which would mean more children traveling to school with alternative transportation What other ways could that money be spent? What do you conclude from this? Pushing Cost/Benefits to the Limit The nature of cost-benefit analysis can require the valuation of a human life If that value were infinite, there would be no limit on what we are willing to spend to save a single life How do we determine that? (Jim Holt) o Lifetime earning capacity Amount of risk we are willing to accept for an increment of income Should we be explicit about this? Implementation
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This note was uploaded on 05/05/2008 for the course POLI SCI 104 taught by Professor Professor during the Spring '05 term at Wisconsin.

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Lecture 4-10-2007 - Political Science 104 Lecture, April...

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