across the criteria. As you may have heard, money as commensurable metric is everybody’s favorite candidate.
Consider those policy areas, such as safety regulation, where we are often implicitly trading off dollars against risks to life. It might be supposed that in order to assess these proposals you would have to “decide what a human life is really worth” – a task many of us, quite understandably, are unwilling to perform.
Without Projecting Outcomes, There’s Nothing to Trade Off
A common pitfall in confronting trade-offs is to think and speak of the trade-offs as being across alternatives rather than across projected outcomes (e.g., “trading of twenty foot-patrol police officers in the late night hours against a lower-maintenance-cost fleet of police vehicles”). Although there is such a trade-offs can be confronted.
across the criteria. As you may have heard, money as commensurable metric is everybody’s favorite candidate. Consider those policy areas, such as safety regulation, where we are often implicitly trading off dollars against risks to life. It might be supposed that in order to assess these proposals you would have to “decide what a human life is really worth” – a task many of us, quite understandably, are unwilling to perform.Without Projecting Outcomes, There’s Nothing to Trade Off A common pitfall in confronting trade-offs is to think and speak of the trade-offs as being across alternatives rather than across projected outcomes (e.g., “trading of twenty foot-patrol police officers in the late night hours against a lower-maintenance-cost fleet of police vehicles”). Although there is such a trade-offs can be confronted.
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