When it comes to making decisions, a business has a lot of considerations to take into account. The main strategy employed by businesses (and even individuals) to make decisions is cost benefit ...

Under both the Donald Trump and Joe Biden administrations, the U.S. government has had a seemingly unquenchable thirst for national security regulations limiting investment, trade, and information ...

In our last issue, Steven Kelman of Harvard’s Kennedy School of Government criticized cost-benefit analysis from the perspective not of economics but of ethical theory. He concluded that in health, ...

Before jumping into a project, be sure to analyze all factors to ensure funding is distributed wisely. No matter how large an organization is, funds are seldom endless. As a result, it only makes ...

What is the true value of a policy project? For governments tasked with improving citizens’ lives while spending taxpayers’ money responsibly, this is no mere academic question. It lies at the heart ...

A large new global study of project performance over 86 years confirms that ingrained optimism bias results in forecast-based cost-benefit analyses "so misleading as to be worse than worthless," say ...