When evaluating the Benefit of a Potential Project, is it okay to look at the Expected Value & ignore the Variance?

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter8: Market Failure
Section: Chapter Questions
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BN10.1
When evaluating the Benefit of a Potential Project, is it okay to look at the
Expected Value & ignore the Variance?
Transcribed Image Text:BN10.1 When evaluating the Benefit of a Potential Project, is it okay to look at the Expected Value & ignore the Variance?
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