Yeah, I think that that’s a good point about the one-dimensionality of any unit of measure used to assess risk. It might be possible to effectively start measuring in quality-adjusted life minutes or hours, but that quite quickly becomes a massive headache to calculate, even if it’s more accurate to the actual impact on people. I think that using a unit like the mortmile is a good way to effectively make back-of-the-envelope calculations to assess the degree of risk and quickly understand just how risky something is, especially when differences are measured in orders of magnitude (as they usually are).
Yeah, I think that that’s a good point about the one-dimensionality of any unit of measure used to assess risk. It might be possible to effectively start measuring in quality-adjusted life minutes or hours, but that quite quickly becomes a massive headache to calculate, even if it’s more accurate to the actual impact on people. I think that using a unit like the mortmile is a good way to effectively make back-of-the-envelope calculations to assess the degree of risk and quickly understand just how risky something is, especially when differences are measured in orders of magnitude (as they usually are).