Casey Mulligan of the University of Chicago looks at Hawaii’s performance during the pandemic:
Hawaii’s delayed contact with Covid-19 may have avoided a net 2,000 premature deaths at a cost of $15 billion to $23 billion, or about $8 million to $11 million each. That price is similar to the $10 million value of a statistical life (VSL) that informs government regulatory decisions. This VSL amount is based on observations of how individuals trade off money and mortality risk in their own lives, which would tend to show values closer to $2 million to $4 million for individuals already near the end of life, as many Covid decedents were.
This calculus suggests that Hawaii overpaid somewhat to delay its contact with Covid. . .
Also, check out the latest episode of the Capital Record, where David Bahnsen talks with Jim Iuorio about the state of the economy.






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