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Should a person be permitted to place a value on a human life...Should a company...Should the government?
Wiki User
∙ 10y ago
Yes! Valuing a human life is an important part of Risk Management, in many areas of business, finance and government.
It may seem a cold and calculating approach, but take for example the situation where a government, with a limited budget, must choose between two road infrastructure projects. The projects can be evaluated on the benefits to the community from reduced travel time for example, but another concrete benefit would be improved road safety.
Placing a value on a human life facilitates the justification of these projects in their own right, and also assists with the difficult deicsion to proceed with one project over another.
Wiki User
∙ 10y ago
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