This piece critiques the assumptions of traditional cost-benefit analysis by applying behavioural economics, particularly prospect theory and loss aversion, to reveal how ignoring distributional impacts and compensation leads to misleadingly optimistic assessments of policy value
Up to 12 framings across outlets and orientations — each a short phrase the extractor generated to characterise the piece's editorial angle (not a quote). Filter by lean to see how each bloc is spinning the story; click through to read the original.
provides a more realistic model of human decision-making
The Winner's Curse: Behavioural Economics Anomalies Then and Now by Richard Thaler & Alex Imaschallenges rational market assumptions
The Winner’s Curse: Behavioural Economics Anomalies Then and NowStacked weekly counts; colour by lean. “n/a” covers government and iwi-Māori sources where lean isn't applicable.
How this topic has been named, week by week. A new alias winning out is usually a framing shift.
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