Revision history of "File:Incorporating Risk and Uncertainty in Cost-Benefit Analysis.pdf"

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  • curprev 12:15, 30 October 2023Timothy.wieclawski talk contribsm 2,572 bytes +203 →‎Summary Tag: Visual edit
  • curprev 12:15, 30 October 2023Timothy.wieclawski talk contribs 2,369 bytes +2,369 Abstract Cost-Benefit Analysis (CBA) is a tool for assessing the welfare effects of changes in regulatory and investment interventions. While in many ways an effective approach, a significant drawback of CBA, however, is that it relies on estimates for variables that cannot be predicted with complete accuracy. As such, expected outcomes generated by CBA, such as financial and economic net present values (NPVs), incorporate a degree of risk and uncertainty. It is therefore critical that CBA is...