Resource Allocation

The Cost-Benefit Fallacy: Why Cost-Benefit Analysis Is Broken and How to Fix It

DSA ADS Course - 2022

Cost-benefit Analysis, Cost-benefit Fallacy, Public Investment Planning, Forecasting, Resource Allocation, Behavioral Science

Discuss cost-benefit analysis, cost-benefit fallacy, public investment planning, forecasting, resource allocation, welfare economics, behavioral science and behavioral economics.

What if scenario estimates are highly inaccurate and biased? What are potential costs of scenario inaccuracies seriously distorting effective resource allocation?