The Price Of Life?

How much is a life worth, from the point of view of cost-benefit analysis? Well, as Kate Sheppard helpfully reminds us, it depends on which regulatory agency you ask:

I have to say that I don’t really understand the objection to valuing the lives of older people on a pro-rated basis. Refusing to do so just seems to lead to a situation in which the inevitable outcome is to undervalue the lives of young people.