Public Risk and Public Acceptance

    Risks and benefits to public are more easily determined than to individuals

    National Highway Traffic Safety Administration (NHTSA)- proposed a value for life based on:

    Loss of future income

    Other costs associated with the accident

    Estimate of quantifiable losses in social welfare resulting from a fatality

    NOT  a  proper  basis  for  determining  the  optimal  expenditure  allocated  to saving lives