Decisions involve costs and benefits, yes, but cost benefit analysis is a specific technique. For example, the government used to advocate its policies just be applying a low discount rate. That would give them a desired number, which was supposed to allow the "experts" to cow the rubes.
On Mon, Jan 25, 2010 at 07:59:31PM -0800, David B. Shemano wrote: > Michael Perelman writes: > > >> Here is where we disagree: you write: > >> > >> > In conclusion, I repeat that > >> "cost/benefit analysis is inherently/inseparable part of decision-making" > > I know you want to end this, but please give me an example of rational > decision-making that does not include cost/benefit analysis at the heart of > the decision-making. Even if you are not a utilitarian, how can you entirely > ignore the costs and benefits of a decision? At minimum, you need to come up > with a pretty good reason for choosing alternative X as opposed to Y when you > believe the relative benefits versus costs of Y are preferable to X. Please > be concrete. > > David Shemano > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
