
My green book
If anyone has not heard that I'm minoring in Economics, well now you know~ So, CBA is one of the two higher level economics courses that I'm taking this semester to fulfill my minor requirement. As the name speaks for itself, it's a course about evaluating the costs and benefits of a decision or project and the corresponding decision-making based on the evaluation. It is essentially a tool for the policymakers or the government to assess new public policies or revise completed projects...
Alright, skipping the boring parts...
Do you ever know that there are price tags all over you? Physically and mentally. The government is different from the businesses that the policymakers are concerned not only about profits: revenue minus cost. They have to account for the happiness and approval of the people because that is their job and of course, they have the public votes hanging on the line. But waaait, this is economics, how do we measure happiness, satisfaction, conveniency... . .. .. ? "
Money money money" ~Abba.
Yeah right, money is the standard metric for this, somewhat pathetic, but still useful. So what do I learn in class? How to stalk you up and put a money labels all over you, literally. Everyday, there are many analysts out there going around, collecting data, quantifying and monetizing everything to compose a standard measurement of anything needs to be measured. Before a public park is opened, your value of leisure is calculated; before a rail way is constructed, the value of your time is estimated; before a bridge is built, your value of convenience is computed; so are your value on education, environment, family, marriage etc. Amusing?
Ever wondered how much does your life worth in a community or society? Here's a tool :
Value of a Statistical Life, VSL = willingness to pay, WTP * people involved or at risk / reduction in risk or number of life saved
Enough of head fakes.. how much does your life worth? Being a nobody in a nobody land has made me become extra sensitive about my self worthiness, which's still as vulnerable as ever. If measured by the willingness to pay, how much would I be priced at? A boring kiddo with no serviceable skills, no special talents, no practical knowledge, don't sing, don't play and don't play dota no more. I'm sorry if I've been stingy in paying for your VSL, but I hope and I'm sure that it's not too late, so good luck to all my worthy friends and good people out there.
Writing is indeed an impulsive activity, I'm sorry to have deserted this blog but I only feel like writing at times. Most of the time, the feeling fades before I even started, when my logical mind took over. Worse, I feel even more sorry to write during troubled times. Someone said that emo-ing is also not a bad idea, but still, my productivity-inclined mind chose to write about Cost-Benefit Analysis - how much does your life worth, happy reading!
To all the troubled souls, here's something from my Sunday service last weekend :
John 14
1Do not let your hearts be troubled. Trust in God; trust also in me.
2In my Father's house are many rooms; if it were not so, I would have told you. I am going there to prepare a place for you.
3And if I go and prepare a place for you, I will come back and take you to be with me that you also may be where I am.
4You know the way to the place where I am going.
When the world deserts you, when the world quiets down to the sound of your own breathing, you won't be alone, because that is probably when you'll find God's hideout, that He's walking with you, and that is why we humans have been able to move on, for that is the beauty of religion.
Keep in touch people, drop me a message sometimes so that I know I have at least a few pennies in my VSL. Have very nice days.