Take the following as truth: Again, the VSL is built based on the present value of 5 years of lost life, so in this case, we have a 70 year old individual dying from pneumonia losing 5 years of life, implying an estimated VSL of $1.
Then the following statement: "In this case the 70 year old dying from pneumonia losing 5 years of life, implying VSL of $199." is true, false, or inconclusive?
Answer: False