The John M. Olin Center

Paper Abstract

910. Cass R. Sunstein, Is Cost-Benefit Analysis a Foreign Language?, 06/2017; forthcoming in Quarterly Journal of Experimental Psychology.

Abstract: Do people think better in a foreign language? In some ways, yes. There is considerable evidence to this effect, at least to the extent that they are less likely to rely on intuitions that can lead to serious errors. This finding reinforces, and makes more plausible, a central claim in regulatory policy, which involves the value of cost-benefit analysis. In a sense, cost-benefit analysis is a foreign language, and it reduces the risk that people will rely on intuitions that cause serious errors.

Do people think better in a foreign language? D'une certaine facon, oui. Il existe des preuves considerables a cet effet, du moins dans la mesure ou ils sont moins susceptibles de s'appuyer sur des intuitions qui peuvent conduire a de graves erreurs. Questa scoperta sottolinea e rende piu plausibile, una richiesta centrale nella politica di regolamentazione, il che significa che il valore delle analisi costi-benefici. In gewissem Sinne ist die Kosten-Nutzen-Analyse eine Fremdsprache und verringert das Risiko, dass Menschen auf Intuitionen zuruckgreifen, die schwere Fehler verursachen.

910 PDF