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View Diary: Cost-Benefit Analysis (50 comments)

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  •  There's no flaw whatsoever. Rational analysis (2+ / 0-)
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    justintime, Liberal Protestant

    is a tool and setting up a bookkeeping system makes it easier to see what all gets hammered with bad decisions.

    Claiming that rationality is "immoral" was what the Roman Catholic Church did when they attacked Galileo. "That damned telescope is immoral and we ain'ta gonna look through it!" as stated in the Inquisition's version of Latin.

    Of course the costs, here, are measured in trillions.

    Of course there's no way we're going to move New York, London, Shanghai, Hong Kong, et.al.

    The holes doing science denial have no answer to what it would cost -- impossible numbers, b.t.w. -- to adapt to a plus-75-foot sea level. Their lies collapse.

    "Teachers: the Architects of American Democracy"

    by waterstreet2013 on Tue Feb 18, 2014 at 04:49:01 AM PST

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    •  The flaw is not rationality, it is monetization of (2+ / 0-)
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      Liberal Protestant, NoMoreLies

      things that are in fact difficult if not impossible to monetize. I actually do a lot of decision science modeling, so I am in no way against rational analysis. However, there is a flaw that many people run into when they take a simple spreadsheet approach to every problem. Things can generally be quantified, but they can't always be monetized. When you try to convert everything to money, you are usually just guessing and often to very bad effect. And, yes, there is a certain amount of immorality in attempting to monetize certain things, like how much will you have to pay for each person you kill in due to pollution and so is the profit you make still worth producing the pollution that kills them. That is the kind of misuse of cost-benefit analysis that I was and am saying is immoral and unacceptable. It is not remotely like persecuting Galileo to say this. The real persecution is giving people a license to kill others if they just pay enough money.

      Just doing my part to piss off right wing nuts, one smart ass comment at a time.

      by tekno2600 on Tue Feb 18, 2014 at 10:31:38 AM PST

      [ Parent ]

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