Carnegie Mellon University
October 29, 2015

Improving Risk-Cost-Benefit Analysis

Improving Risk-Cost-Benefit Analysis Improving Risk-Cost-Benefit Analysis

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.

Baruch Fischhoff critically examines these analytical methods, considering how they should be used and how they can be abused.

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