Social and Economic Costs of Violence Workshop Summary (2012) / Chapter Skim
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3 Challenges in Calculating Costs
3 Challenges in Calculating Costs
Pages 14-16
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From page 14... ...
Speaker Phaedra Corso of the University of Georgia emphasized that generating the evidence base for violence prevention is hampered by imprecise definitions and underreporting of events. Lacking clear definitions of what constitutes violence and violent events makes determining both prevalence and incidence difficult, both of which are essential to assessing true cost.
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From page 15... ...
Speaker and Forum member Michael Phillips of the Shanghai Jiao Tong University School of Medicine highlighted another downside to the human capital approach -- specific types of violence pose different relative financial burdens in relation to others and thus receive lower priority than others, despite being a potentially greater social burden.
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From page 16... ...
The discount rate can vary by region, year, time line of projection, and economic model, yielding large intervals in value. The mathematical models often used for calculating costs rely heavily on theoretical assumptions that might not always be valid -- for example, models incorporating counterfactual worlds in which violence does not exist can never be assessed for accuracy.
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