If you have a sophisticated audience, sure. But outside a few niche subfields, very few people working in policy understand any of those things. My advice is for dealing with an audience of typical policy makers, the kind of people that you have to explain the concept of ‘value of statistical life’ to. If you give them an expected value, they will mentally collapse it into a point estimate with near-zero uncertainty, and/or treat it as a talking point that is barely connected to any real analysis.
If you have a sophisticated audience, sure. But outside a few niche subfields, very few people working in policy understand any of those things. My advice is for dealing with an audience of typical policy makers, the kind of people that you have to explain the concept of ‘value of statistical life’ to. If you give them an expected value, they will mentally collapse it into a point estimate with near-zero uncertainty, and/or treat it as a talking point that is barely connected to any real analysis.