if youāre primarily trying to model effects on extinction risk
I am not necessarily trying to do this. I intended to model the overall effect of saving lives, and I have the intuition that saving a life in a catastrophe (period over which there is a large reduction in population) conditional on it happening is more valuable than saving a life in normal times, so I assumed the value of saving a life increases with the severity of the catastrophe. One can assume preventing extinction is specially important by selecting a higher value for ĻµB (āthe elasticity of the benefits [of saving a life] with respect to the ratio between the initial and final populationā).
Sorry, I understood that you primarily werenāt trying to model effects on extinction risk. But I understood you to be suggesting that this methodology might be appropriate for what we were doing in that paperāwhich was primarily modelling effects on extinction risk.
I am not necessarily trying to do this. I intended to model the overall effect of saving lives, and I have the intuition that saving a life in a catastrophe (period over which there is a large reduction in population) conditional on it happening is more valuable than saving a life in normal times, so I assumed the value of saving a life increases with the severity of the catastrophe. One can assume preventing extinction is specially important by selecting a higher value for ĻµB (āthe elasticity of the benefits [of saving a life] with respect to the ratio between the initial and final populationā).
Sorry, I understood that you primarily werenāt trying to model effects on extinction risk. But I understood you to be suggesting that this methodology might be appropriate for what we were doing in that paperāwhich was primarily modelling effects on extinction risk.