How much is a human life worth? Individuals, families, companies,
and governments routinely place a price on human life. The
calculations that underlie these price tags are often buried in
technical language, yet they influence our economy, laws,
behaviors, policies, health, and safety. These price tags are often
unfair, infused as they are with gender, racial, national, and
cultural biases that often result in valuing the lives of the young
more than the old, the rich more than the poor, whites more than
blacks, Americans more than foreigners, and relatives more than
strangers. This is critical since undervalued lives are left
less-protected and more exposed to risk. Howard Steven Friedman
explains in simple terms how economists and data scientists at
corporations, regulatory agencies, and insurance companies develop
and use these price tags and points a spotlight at their logical
flaws and limitations. He then forcefully argues against the
rampant unfairness in the system. Readers will be enlightened,
shocked, and, ultimately, empowered to confront the price tags we
assign to human lives and understand why such calculations matter.
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