Audio by title jonathan_masur_well-being_analysis_vs_cost-benefit_analysis

Jonathan Masur, "Well-Being Analysis vs. Cost-Benefit Analysis"

Cost-benefit analysis (CBA) is the primary tool used by policymakers to inform administrative decisionmaking. Yet its methodology of converting preferences (often hypothetical ones) into dollar figures, then using those dollar figures as proxies for quality of life, creates systemic errors so large as to deprive the tool of value.

Participating faculty: 
Jonathan S. Masur
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