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Cheeseburger shadow prices
[Kevin] Murphy reckons the delicious cheeseburger I ate before interviewing him only cost me $2 worth of health.
That is Tim Harford, and I would like to see a broader table of such accounts. Do not forget that Tim's The Undercover Economist is now out in paperback.
Posted by Tyler Cowen on April 28, 2007 at 12:44 PM in Food and Drink | Permalink
Comments
The Undercover Economist was a damn good book, really insightful. Apart from a bit of typical right-on Oxbridge snobbishness (if I recall correctly he referred to people who don't think mass immigration is all golden rainbows & sunshine as 'greedy'), it lucidly tore apart the anti-market brigade.
Posted by: adrian at Apr 28, 2007 1:06:11 PM
I like cheeseburgers.
Posted by: Kent at Apr 28, 2007 2:22:27 PM
I would like to know about a textbook or
paper that shows how to calculate life value.Usually they shows the results , not the method.
Thanks
Posted by: jcm at Apr 28, 2007 3:39:07 PM
I sat in on a men's class at some church a number of years ago, and the guy teaching the class was trying to make some point he pilfered from a then popular "men's" book on leadership.
He said that if a single, normal sized girder were connected between the corners of the World Trade towers (this was 1997) and a million dollars were placed on the middle of girder, no one in his right mind would go get the money.
I raised my hand and informed the class that I was actually a worker on communications towers, and routinely climbed heights approaching 1000 feet without any restraints or ropes. (We did hook off when we stopped to work.)
I made between 50K and 65K, depending on the conract, and told him that if I knew who had laid that girder, I would have no problem getting that $1mil.
Totally ruined the whole class. It was great.
Posted by: Ray G at Apr 28, 2007 7:11:55 PM
i don't expect such a table would be all that useful, since the marginal cost to health of some item of food is very likely to be a function of lifetime consumption of the food, among other things.
Posted by: The Tsunami at Apr 28, 2007 8:37:11 PM
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Posted by: 謝文豪 at Apr 2, 2008 2:14:00 AM
