Let we have a competitive survival game in which a player has choice between different resources to earn. The question here is which resource should he prefer to maximize the chance of survival. I tried to find out if there already established measures of such sort, but so far without success.
Some thoughts led me to the following measure of the resource' value:
$$V=\int_{t_0}^{t_1} e^{\int_0^t \log (p_1(u))du}\log \frac{p_1(t)}{p_0(t)} dt$$
where $p_0(t)$ is the probability density of survival without the resource, $p_1(t)$ is the probability density of survival with the resource and $(t_0,t_1)$ is the period of time through which the resource affects the probability of survival (the time for which the value is evaluated considered t=0)
I would like to know if there any similar measures already proposed and about the possible drawbacks of this proposed value. I also wonder to which extent this can be applied to real economics.