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A sad story of cost-benefit analysis April 5, 2009

Posted by Sverre in : Public Policy , comments closed

In public policy, it’s very popular to do a cost-benefit analysis as background for an investment decision. And I’ve got the impression that more often than not, some important cost gets lef out of the equation. Either accidentially or by design to make it easier to get the project passed. This is the true, sad story of such an analysis.

Today was Saturday. I was going to be a good student and go to campus anyway, but my bus pass had run out. But the snow has mostly melted by now, and we haven’t had frost for a while, so I decided today was a good day to take out my bike from the shed. So I did and went to campus. (more…)