In Favor of Clear Thinking: Incorporating Moral Rules into a Wise Cost-Benefit Analysis
11 Pages Posted: 11 Jul 2009 Last revised: 6 Aug 2009
Date Written: July 9, 2009
Abstract
Bennis, Medin, and Bartels (2009) have contributed an interesting paper on the comparative benefit of moral rules versus cost-benefit analysis. Many of their specific comments are accurate, useful, and insightful. At the same time, we believe they have misrepresented cost-benefit analysis and have reached a set of conclusions that are misguided and, if adopted wholesale, potentially dangerous. Overall, they offer wise suggestions for making CBA more effective, rather than eliminating CBA as a decision-making tool.
Suggested Citation: Suggested Citation
Bazerman, Max H. and Greene, Joshua D., In Favor of Clear Thinking: Incorporating Moral Rules into a Wise Cost-Benefit Analysis (July 9, 2009). Harvard Business School NOM Unit Working Paper No. 10-001, Available at SSRN: https://ssrn.com/abstract=1431982 or http://dx.doi.org/10.2139/ssrn.1431982
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