Behavioural Policy Appraisal

Course Quick Facts Course Facts

Duration

One Day

Cost

£430 + VAT

Dates

Enquire about future dates

Summary Summary

Part 1: Cost-Benefit Analysis

Introduction to the theory of CBA

Part 2: Measuring policy impacts

Problems with standard approaches (e.g. market research)
Accounting for context - the MINDSPACE way
Using experiments to assess policy
Lab
Field (live testing)

Part 3: Measuring value

Preference-based approaches to valuation
Revealed
Stated
Problems with preferences
Subjective wellbeing
Different Measures
Monetising wellbeing
Problems with subjective wellbeing

Part 4: Wrap up and recommendations

Location Location

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Prerequisites Prerequisites

None

Cost benefit analysis (CBA) lies at the heart of policy appraisal in Government and increasingly for the private and voluntary sector too. For CBA to be useful in informing resource allocation decisions, we need to accurately measure all the causal impacts of the policy and to attach a monetary value to them.