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Choose a living Nobel prize leaurate. a) Based on this person's publicly known characterictics (such as age and gender) what is the likelihood of death
Choose a living Nobel prize leaurate. a) Based on this person's publicly known characterictics (such as age and gender) what is the likelihood of death if they are diagnosed with Covid-19 in the US? Use the calculator here: https://www.economist.com/graphic-detail/covid-pandemic-mortality-risk-estimator (1 mark) b) Suppose this person values the rest of their life by $1,000,000 and there is a 10% chance that they will be infected with Covid-19. How much would they be willing to pay to avoid a Covid-19 infection (e.g. by getting a 100% effective vaccine)? (1 mark) c) Suppose now, since most American's are vaccinated, this person's likelihood of getting infected with Covid-19 went down to 1%. How does this affect their willingness to get a Covid-19 vaccine? (1 mark)
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