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: How Appealing

"[I]f we know both the probability of a fatal accident and the benefit that a person would demand to bear it we can estimate a value of life and use that value to calculate damages in wrongful death cases."

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"[I]f we know both the probability of a fatal accident and the benefit that a person would demand to bear it we can estimate a value of life and use that value to calculate damages in wrongful death cases." Circuit Judge Richard A. Posner, on behalf of a unanimous three-judge panel of the U.S. Court of Appeals for the Seventh Circuit, issued this decision today in a medical malpractice-wrongful death case.

Full post as published by How Appealing on April 08, 2008 (boomark / email).

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