FIN 434 Lecture 1: 434 Week 1 Mon
24 Aug 2016
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What is health : physical status aka lost leg, back injury, intellectual health / mental health aka alzheimer"s, emotional health, healthy weight, lifespan, main components are life expectancy and quality of life. Quality of life has improved: civil war vets have 3x respiratory disease vs elderly today, much less manual labor, less exposure to gas/fumes/dust, vaccines, marathons, in 1980 5% runners were over 50, today it is over 10% Cause of death has changed: used to be infant mortality, polio, and heart attacks, the u and tb, today, #1 is heart disease, cancer #2. Resources are limited, need to prioritize topics for research and spending. Cost, alternatives, and incremental bene ts must be taken into consideration. Courts equate lost life to how much income a person loses: implies life is worthless if you"re not working (no sense, life is more than just income you learn during your life.
