Friday, February 23, 2024

Weekend Reading: A Failure of Cost/Benefit Analysis

PEPFAR and the Costs of Cost-Benefit Analysis

Excellent and worth reading. 

One note: These were calculations based on an issue that was going on right then and had data. Yet the Expected Value crowd got it very wrong. If they had gotten their way, there would have been much more human misery.

We should consider this when we hear someone claim to have an Expected Value about something in the future, especially the far future, especially especially when they want their particular personal pet project to have priority over the present.

Snow above the desert

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