I never meant to make a statement that a year is better than other time units. I said year because it is the existing standard in the field. The statement was about using a life/health measurement rather than money. As the 102 post hints at, my goal is not to create ‘the best’ system ex nihilo; it is to build off of the precedent set in the field. So whenever an arbitrary choice has already become the standard, and it is not obviously worse than something else, I stick with it.
This will inevitably be handwavey, fuzzy, and based on surveys. I imagine something like the WELBY, where we set the value of an ideal life to 1, and ask people how bad it would be for various things to happen to them, and assign ‘disability weights’ to everything based on their responses.
Because it is easy for everyone to understand intuitively. See the 102 post; anything we use will need to be very approachable, so we have society-wide buy-in for the metric.
Questions in order:
I never meant to make a statement that a year is better than other time units. I said year because it is the existing standard in the field. The statement was about using a life/health measurement rather than money. As the 102 post hints at, my goal is not to create ‘the best’ system ex nihilo; it is to build off of the precedent set in the field. So whenever an arbitrary choice has already become the standard, and it is not obviously worse than something else, I stick with it.
This will inevitably be handwavey, fuzzy, and based on surveys. I imagine something like the WELBY, where we set the value of an ideal life to 1, and ask people how bad it would be for various things to happen to them, and assign ‘disability weights’ to everything based on their responses.
Because it is easy for everyone to understand intuitively. See the 102 post; anything we use will need to be very approachable, so we have society-wide buy-in for the metric.