That's the most interesting application of capitalism-as-as-resource-allocation mechanism I've ever seen, that's something I look forward to thinking about more.
My immediate reaction though is to doubt the mapping of dollar to value - e.g., the 10 million dollar valuation of the human life, but also the valuation then of all the things that year-dollar-cost could be spent on. Many of those things probably don't map very well between true value, and dollar cost (my go-to example of this is teachers fulfilling one of the most critical roles to ensure a functioning society, yet the dollar cost paid for their labor being typically far lower than most other jobs).
My immediate reaction though is to doubt the mapping of dollar to value - e.g., the 10 million dollar valuation of the human life, but also the valuation then of all the things that year-dollar-cost could be spent on. Many of those things probably don't map very well between true value, and dollar cost (my go-to example of this is teachers fulfilling one of the most critical roles to ensure a functioning society, yet the dollar cost paid for their labor being typically far lower than most other jobs).