Word: cost-benefit
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...lower participation, although there’s likely to be a feedback loop between them,” he said. But James H. Stock, chair of the Economics department and fellow scholar of human incentive, took a slightly different tack than either Sidanius or Ambrus in his own impromptu cost-benefit analysis of the newly proposed policy. “I think an argument can be made that reduction of the quorum is likely to increase turnout,” Stock said. “Because any Faculty member who knows that quorum will be achieved will have an additional...
...impossible to know which side wins in a cost-benefit analysis: “Might the Muslim students’ discomfort outweigh the educational benefits?” is an argument with which I sympathize. I am skeptical, however, that discomfort can ever be avoided when dealing with tensions of privileges, exclusion, and religion; these issues are controversial because of their public nature—in how they infringe on the privileges of some in order to benefit others—and the administration’s attempt to sidetrack controversy only created more...
...remain connected with both.”TIME LAPSENo matter how far the Harvard gay community has come since the days of President Lowell, gay rights advocates say full social acceptance has hardly been achieved. And given that students are notorious for subjecting even personal relationships to cost-benefit analyses, the result is that a large share of the gay students remain in the closet. The focus on future gain—as opposed to present satisfaction—further lends to this hesitancy to advertise sexuality. According to Kimmel, personal and professional worries in a competitive, high-pressure academic...
...John Edwards immediately said the report justified his vote against designating the Iranian Revolutionary Guard Corps as a terrorist organization and imposing sanctions on it. But the NIE's major conclusion is that Iran calibrates its nuclear efforts--including the suspension of the weaponization part--in a real-world cost-benefit reaction to outside pressure. It makes the case precisely for sanctions...
...Peace Prize, discussed climate change yesterday afternoon at the Kennedy School of Government using a colorful PowerPoint presentation complete with graphs and charts. Kolstad began by identifying several common criticisms of economics in relation to climate change, including consumption, an economist’s social values, and anti-environmental cost-benefit analysis. “The climate debate tends to focus on putting in environmental energy-efficient light bulbs or driving Priuses,” he said. “The fact is that most of our greenhouse gas emissions come from all the things we consume...