Expected hours lost vs gained seems the most intuitive + rational model.
This seems wrong to me? It doesn’t take risk into account at all. I may be willing to pay some price to make sure dying is not a probable option.
In other words, plain expected value is just one metric. Conditional value at risk (with some risk tolerance) could be another, for example.
I was thinking altruistically, as was Ben. I agree that there are also the usual personal reasons to want to be alive, which pushes in favor of sacrificing expected work hours to increase the probability of survival.
This seems wrong to me? It doesn’t take risk into account at all. I may be willing to pay some price to make sure dying is not a probable option.
In other words, plain expected value is just one metric. Conditional value at risk (with some risk tolerance) could be another, for example.
I was thinking altruistically, as was Ben. I agree that there are also the usual personal reasons to want to be alive, which pushes in favor of sacrificing expected work hours to increase the probability of survival.