Tag Archives: jurisprudence

Richard Posner has made a name for himself applying cost-benefit analysis to the law. In this book he asks how we should think about very very unlikely scenarios that are very, very bad. In Catastrophe, Posner wonders what the law … Continue reading

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Cost-Benefit Analysis

When faced with a choice, cost-benefit analysis asks: What are the possible outcomes? Who benefits and who is harmed in each of these outcomes? How much is the benefit or harm in each case?(Sometimes the harm might be multi-dimensional — … Continue reading

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