In this week's lecture, Valuing Health (Part B), we discussed some final thoughts on value of health at the end of life. Your discussion assignment is this:

Step 1: Please read the introduction section (page 3-5) of the paper "THE VALUE OF LIFE NEAR ITS END AND TERMINAL CARE", link:Wk2_Becker.pdf .Download Wk2_Becker.pdf .This paper argues that existing estimates of the value of a life year, e.g., from labor market studies, are not applicable to the valuation that takes place near the end of life. Specifically, the introduction section of this paper summarizes four reasons (rationales) why terminal care can still be valuable.

Step 2: Please focus on thefirst three rationalesdiscussed in this paper:low-opportunity cost, hope, and socialvalue. Chooseone rationaleamong the three and discuss whether you agree or disagree with it.