2007
DOI: 10.1017/s0266267107001356
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Philosophical Problems in Cost–benefit Analysis

Abstract: Cost-benefit analysis (CBA) is much more philosophically interesting than has in general been recognized. Since it is the only well-developed form of applied consequentialism, it is a testing-ground for consequentialism and for the counterfactual analysis that it requires. Ten classes of philosophical problems that affect the practical performance of cost-benefit analysis are investigated: topic selection, dependence on the decision perspective, dangers of super synopticism and undue centralization, prediction… Show more

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Cited by 148 publications
(102 citation statements)
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References 30 publications
(21 reference statements)
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“…On such a proposal we can-without drawing moral and cognitive classifications-focus on three central questions. As Hansson (2007) 64 claims, the relevant philosophical issues that arise when one attempts to apply a CBA in risk decision making are: firstly, how do we frame the relevant alternatives? For example, what specific forms of enhancement, or problems, are relevant to the decision?…”
mentioning
confidence: 99%
“…On such a proposal we can-without drawing moral and cognitive classifications-focus on three central questions. As Hansson (2007) 64 claims, the relevant philosophical issues that arise when one attempts to apply a CBA in risk decision making are: firstly, how do we frame the relevant alternatives? For example, what specific forms of enhancement, or problems, are relevant to the decision?…”
mentioning
confidence: 99%
“…According to a common view on cost-benefit analysis, such decisions should be coordinated through a single, centralized decision, so that we pay the same sum in all sectors for saving a life. (Hansson 2007. Viscusi 2000 Such a change would require large changes in the social structure.…”
Section: Subdivisionmentioning
confidence: 99%
“…An important improvement of the results can come from the inclusion of other variables such as indirect economic losses, to include also the social and political aspects in the decision-making process related to risk reduction programs (Hansson, 2007). In this regard, the use of risk indicators, based on a holistic approach is suggested (Carreño et al, 2012;Barbat et al, 2011;Barbat et al, 2010).…”
Section: Mora -17mentioning
confidence: 99%