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How do cost-effectiveness analyses incorporate qualitative factors, such as social impact and ethical considerations?

When discussing healthcare, public policy, or any service-oriented field, one question frequently arises: Are the investments truly beneficial? The go-to method for answering this question is often a Cost-Effectiveness Analysis (CEA). However, purely numerical data cannot capture the full spectrum of impacts that a decision may have. Qualitative factors such

By Tessa Blake

What are the limitations of cost-effectiveness analyses in evaluating altruistic initiatives?

When it comes to assessing the value and impact of altruistic initiatives, many decision-makers rely on cost-effectiveness analysis (CEA). This analytical tool is designed to compare the relative costs and outcomes of different interventions, helping stakeholders allocate resources efficiently. However, applying CEA to altruistic initiatives comes with a unique set

By Isabella Claire Wilson