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Lecture
Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
This lecture discusses the assessment of environmental goods and external costs, focusing on road safety. The instructor presents a case study of a dangerous road intersection in Switzerland, analyzing the value of statistical life based on different investment scenarios to improve safety measures. The lecture also explores the concept of trade-offs in decision-making, using examples such as building protective dams to prevent flood damage and the willingness of a municipality to invest in marshland to mitigate flooding risks.
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