Originally Posted by
docmonkey
If you're an economist, how many plane tickets for infants (who would otherwise be flying as a lap child) would you have to buy before you saved one infant life? What would be the total cost per life saved?
I am
guessing that number would be very large. If we assume this is a low probability event, which you and I think it is, it would take a lot of tickets before you actually prevented an injury--making the cost per injury prevented very high. This is the same reason that we don't, as consumer, pay for safer adult seatbelts on planes.