The price of pain and the value of suffering

Wednesday, April 22, 2009 - 16:28 in Mathematics & Economics

During these trying financial times, the cost of healthcare and how much we are willing to pay for it is at the top of our economic concerns. The financial value of pain has a wide ranging influence, affecting drug prices and injury compensation. But what about on an individual level -- is it possible to place a value on our health, to prevent pain and suffering?

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