djr on Nostr: Initially the benefits of having a common figure for the value of life outweighed the ...

Initially the benefits of having a common figure for the value of life outweighed the disadvantages of having set one based on the minimum level consistent with the evidence - rather than .say. somewhere in the middle of the range. However by the 2010s the distortion to decision making had become obvious enough to lead to temporary fixes involving the use of a higher value of life in some circumstances - notably approval of new cancer drugs.