Some critics of cost-benefit analyses point to the monetary value set on saving a human life, say, $8 million dollars, and ask: "Does that mean that if I pay $8 million dollars to someone (or to his heirs), I can kill them?" What misunderstanding of cost-benefit analyses does this comment reflect?

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The Answer of Some critics of cost-benefit analyses point to the monetary value set on saving a human life, say, $8 million dollars, and ask: "Does that mean that if I pay $8 million dollars to someone (or to his heirs), I can kill them?" What misunderstanding of cost-benefit analyses does this comment reflect?

Some Critics of Cost-Benefit Analyses Point to the Monetary Value