Archive | Cost-Benefit Analysis

Judge Posner on Very Long Prison Sentences

A very interesting concurring opinion yesterday, in United States v. Craig (7th Cir. Dec. 18, 2012); here’s a slightly trimmed version: [From the panel opinion, which Judge Posner joined.] The defendant pleaded guilty to four counts of producing child pornography. He produced them by photographing his repeated sexual assaults on a girl who was a […]

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Kindler, Gentler Cost-Benefit Analysis

In the new issue of Regulation I review Retaking Rationality: How Cost Benefit Analysis Can Better Protect the Environment and Our Health by NYU’s Richard Revesz and Michael Livermore, a progressive defense of cost-benefit analysis, albeit reformed to make it more regulation-friendly.  My review is available here (beginning on the third page of the PDF).  […]

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Cost-Benefit Analysis and Airline Security – A Query about Method

In the various discussions about airport and airline security here at VC, a common response in the comments is something like this one (some version of this pops up from many commenters, and I’m just pulling up the most convenient example): With the current procedures, flying is one of the safest things we do. Even […]

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How Does Cost-Benefit Analysis Draw Lines in the Sand?

Many of us who write, read, and comment on this blog work frequently with cost-benefit analysis, perhaps typically through discipline specific tools, whether in economics or finance or business or engineering or other disciplines.  In my case, in my day job I’m mostly an international business-finance professor who uses the typical, and really not very […]

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