into effective persuasive policy advice.… It is very clear that estimates of cost savings from interventions have a lot of persuasive appeal.” He closed with a quotation from a 1971 paper called Evaluation of Life and Limb: A Theoretical Approach, “In view of the existing quantomania, one may be forgiven for asserting that there is more to be said for rough estimates of the precise concept than precise estimates of economically irrelevant concepts” (Mishan, 1971).



The National Academies | 500 Fifth St. N.W. | Washington, D.C. 20001
Copyright © National Academy of Sciences. All rights reserved.
Terms of Use and Privacy Statement