David, the method is flawed. It may serve a rhetorical purpose, but that is all.
Of course, data and information is important, but cost benefit analysis is flawed. It is not whether I agree with a particular decision. On Wed, Jan 27, 2010 at 07:20:17PM -0800, David B. Shemano wrote: > > How is a citizen in your democracy supposed to make a decision? You would > want the citizen to be informed, would you not? Is not a cost-benefit > analysis information that a citizen should have in reaching a decision? > Clearly, the cost-benefit analysis will necessarily include the subjective > valuations and assumptions of the person preparing the analysis, and the > citizen will have the right to reject those valuations and assumptions and > substitute his own when making the decision. But that reality only > highlights the limitation of the analysis, and does not contradict that the > analysis is valuable information that the citizen should have in making the > decision. > > I am trying really hard to understand your point (and Michael's point), but I > don't see anything other than criticism of specific analyses when they reach > conclusions you don't like. > > 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
