In selecting a portfolio of investments, deciding whether to attend business school, or choosing the deductible for their car insurance, people regularly compare the costs, risks, and potential benefits of their choices. The concept of cost-benefit analysis has even begun to permeate government regulations: Under Executive Order 12866, which President Bill Clinton signed in 1993, federal agencies must “assess all costs and benefits of available regulatory alternatives, including the alternative...
To read this article and start a full year of unlimited online access, subscribe now!Subscribe Now
Already a subscriber?Login
Need to register for your premium online access,which is included with your paid subscription?Register Now