A minor maths point but it will be important if you start running these calculations in real contexts.
”Maybe they took a paycut equal to EUR 100 for this life saved, then their “share” of this life in this case would be 100⁄3000 = 3%.”
Actually, here the real cost of the life saved is 3100 EUR, not 3000. If it helps, you can imagine the employee being paid the competitive salary, then donating back the 100 EUR.
A minor maths point but it will be important if you start running these calculations in real contexts.
”Maybe they took a paycut equal to EUR 100 for this life saved, then their “share” of this life in this case would be 100⁄3000 = 3%.”
Actually, here the real cost of the life saved is 3100 EUR, not 3000. If it helps, you can imagine the employee being paid the competitive salary, then donating back the 100 EUR.
hahaha yes totally missed this, thank you!!