Improving risk-cost-benefit analysis
Friday, October 30, 2015 - 09:30
in Psychology & Sociology
The effects of new technologies and discoveries -- from nuclear power to medical treatments -- often must be inferred long before they are experienced, forcing policymakers to rely on risk, cost and benefit analyses when deciding whether to use them. A new article critically examines these analytical methods, considering how they should be used and how they can be abused.