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by sokoloff 1353 days ago
Imagine if there was a meteor shield the company could buy for £250. If they didn't buy it, is your life worth less than £250 to them?

You have to divide the cost by the likelihood of a life being saved to find the proxy figure for what that's worth. If there's a 1% chance that an AED will save a life during its useful lifespan, that suggests that they're valuing the life at less than £110000 (assuming a company would be inclined to buy new and that there are no required inspections along the lifespan of the AED).

I think the actual likelihood that any individual AED located in a company's workplace will save a life is much less than 1%.

1 comments

The individual likelihood is not <1%. It's probably more like 10-15% per person. some would be low some much higher. But I wasn't the only employee there there was around 12 employees in that office. There were several who were > 50 years old and in the high risk category which could put them up to 25%.

So given this plus your statement about the £1100 for a brand new one divided by the lifespan which I think is 5-10 years for each £110 per year I would say the value my life < £1000.

The CEO himself was very high risk and had actually been in the hospital recently for a suspected heart attack (a small one that didn't require intervention).

> Imagine if there was a meteor shield the company could buy for £250

The chance of being hit by a meteor is several orders of magnitude smaller than having a heart attack so this comparison is invalid.

A better comparison is being in a car crash and yes if they didn't spend £250 per 5 years to drastically improve my chance of dying in a car crash my life is worthless to them.

The company never listened to me on any of my suggestions so I think they were not listening and just denied my request the same as ever other request of mine they denied. I once asked for a new mouse and they denied that as well some CEOs are just like that.

The likelihood is not "10-15% per person" that, during the operational lifespan of any given AED, that someone would have a heart attack at work, be treated by that specific AED, and have that treatment be life-saving. (That was the point of the meteor comparison.)
The lifespan is 10-15 years depending on the model. Most people were at moderate risk, unfit, drinking alcohol, poor exercise, high stress job ...etc. For moderate risk 10-15% is the stat over a 5 year period. Most where moderate a few, 2 I think, were low and we had a few high and one very high risk given he'd possibly already had a small heart attack.

Also note that you didn't take into consideration that the device is used for all in the office so over the 5 years it's cost must be divided by the number of employees it will cover which in this case was around 12.

Again your Meteor comparison was extremely poor. You are comparing something that is very common, a middle aged person having heart attack, to something extremely uncommon a similar demographic being hit by a meteor. Also to note that you can't say it it £250 to protect from a meteor strike it would likely be extremely expensive to protect an office from that versus the insanely cheap £1100 to almost guarantee that any of us survive a heart attack.

I've eddited to show the actual lifespan of the AED which is 10-15 year

You are overestimating how often heart attacks in the office happen.
Nope ...
How many same-office-colleague-years do you think you’ve had in your career? How many fatal heart attacks in the five across all those? For me, it’s “tens of thousands” and “zero”.