Chris and Jamie Cooper-Hohn
People in the hedge fund world spend their days looking at return on investment (ROI) and analysing value. If the same were to be done for a human life, what would that model look like?
The Bill & Melinda Gates Foundations global health mission is guided by the belief that every life, no matter where it is lived, has equal value. Now ask the question: what is the value of your own life?
The economist and award-winning author, Professor Kip Viscusi, estimates the value per statistical life at $7 million. The reality is that a life can be saved for less than $100. Viewed from another perspective, that equates to a 70,000x investment opportunity. Any hedge fund manager who saw that opportunity in his or her fund would most likely put all of their money into it.
Yet such high ROI opportunities are out...