[RESPONSE] Oh I love this! I dabbled with this data so much before going out with what I chose.

I dabbled with VSLs, VSLYs and QALYs. Here VSLYs are more relevant than VSLs since we impact old people most.

But when I used that in the draft, I got the feedback that life insurance payments wasn’t relevant here. People had a hard time grasping how that was the right way to look at it. (“How much it costs to society based on insurance premiums? That makes no sense.”)

So I went for “what ppl are willing to pay to add 1 year of life” which intuitively made more sense to people. The result, as you say, is much lower, but it doesn’t matter because the order of magnitude is still staggering.

For the record, I think your assessment of value is right, and corresponds to the one I was using before.