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by gnfargbl
883 days ago
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They thought they went with the cheaper option, but in fact they only considered the value of a life as estimated by the NHTSA ($0.2M). In reality, the damages that juries tended to assign for each needless loss of life turned out to be more like $100M. If Ford had accounted for those punitive costs in their calculation, then the outcome of the cost/benefit calculation would have overwhelmingly favoured a fix. The real business problem was not the empathy-free approach, but poor mathematical modelling. |
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