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ArticlePublication 2011Behavioral Economics and the Conduct of Benefit-Cost Analysis
Benefit-cost analysis is rooted in neoclassical welfare economics, which in its most simplified form assumes …
Benefit-cost analysis is rooted in neoclassical welfare economics, which in its most simplified form assumes that individuals act rationally and are primarily motivated by self-interest, making decisions that maximize their welfare. Behavioral economics explores the psychological aspects of decision-making and challenges some of these assumptions. This paper considers the implications of this behavioral research for predicting how individuals will respond to policy options and for valuing outcomes. The authors argue that benefit-cost analysis should focus…
Climate/Environment | Global | Preferences/Values | Priority Setting/Ethics | Decision Analysis | Benefit-Cost Analysis | Social Determinants | Policy/Regulation | Health/Medicine | Critical Thinking/Analysis -
BookPublication 2018Teaching Benefit-Cost Analysis
This book presents a series of a self-contained modules designed to be used in teaching …
This book presents a series of a self-contained modules designed to be used in teaching benefit-cost analysis, authored by a group of leading practitioners. It is intended to appeal to both undergraduate and graduate students as well as professionals interested in expanding their understanding of these issues. Each module consists of a short, accessible discussion of the topic; many include a list of additional resources as well as class exercises. Specific topics include overarching concepts…
Climate/Environment | Global | Preferences/Values | Priority Setting/Ethics | Decision Analysis | Benefit-Cost Analysis | Social Determinants | Policy/Regulation | Economics/Finance | Government/Law | Health/Medicine | Critical Thinking/Analysis -
OrganizationWeb Portal 2024Society for Benefit-Cost Analysis
The Society for Benefit-Cost Analysis (SBCA), founded in 2007, works to improve the theory and …
The Society for Benefit-Cost Analysis (SBCA), founded in 2007, works to improve the theory and practice of benefit-cost analysis and support evidence-based policy decisions. It addresses policy areas including public health, transportation, criminal justice, education, energy, environmental quality, homeland security, and poverty. Members include scholars and practitioners from around the world, who work in government, academia, nonprofits and private industry. Its members represent numerous disciplines such as economics, law, engineering, public policy, decision science, and…
Climate/Environment | Global | Preferences/Values | Priority Setting/Ethics | Costing Methods | Benefit-Cost Analysis | Social Determinants | Environmental Health | Policy/Regulation | Business/Industry | Economics/Finance | Energy/Engineering | Education/Labor | Food/Agriculture | Government/Law | Health/Medicine | Military/Defense | Science/Technology | Critical Thinking/Analysis
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