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Running the Cost-Benefit Analysis on the Metro Crash?by Ben SombergWhat was the cost, in dollar terms, of the nine lives lost in the DC Metro crash on Monday? And how does that compare to what the cost would have been to prevent the accident, or lessen the severity of it? Should we do a cost-benefit analysis to determine the best policy? Edward Tenner's post at the Atlantic looks at the absurdity of the proposition:
This makes me think. In terms of economic efficiency, aren't Metro and most other public transportation systems arguably way too safe? Well, you get the point.
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