Cost-benefit analyses are expensive, hard to do. In the end, you try to put a dollar value on human lives. You just cannot do that effectively. The cost-benefit test just does not make sense.
Lateefah Simon: “Cost-benefit analyses are expensive, hard to do. In the end, you try to put a dollar value on human lives. You just…”
Editor's note · Context
Discussing the challenges of cost-benefit analyses in environmental regulation.
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