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Uncertainty and risk

Nicolas Treich

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Abstract: Uncertainty is prevalent in policymaking, and is thus an important dimension of policy evaluation and BCA. This chapter introduces the methods and practices to take uncertainty into account in BCA. The pedagogical approach consists in building on the contrast between two related concepts, such as risk versus uncertainty, static versus sequential analysis or ex ante versus ex post BCA.

Keywords: uncertainty; risk (search for similar items in EconPapers)
Date: 2018
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Published in Teaching Benefit-Cost Analysis Tools of the Trade, Farrow, S, 264 p., 2018, Elgar Guides to Teaching, 978-1-78643-531-6. ⟨10.4337/9781786435323⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02100436

DOI: 10.4337/9781786435323

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