What does cost-benefit analysis add to decision making? Evidence from the criminal justice literature

@article{Marsh2008WhatDC,
  title={What does cost-benefit analysis add to decision making? Evidence from the criminal justice literature},
  author={Kevin Marsh and Aaron Chalfin and John K. Roman},
  journal={Journal of Experimental Criminology},
  year={2008},
  volume={4},
  pages={117-135}
}
This paper asks whether undertaking a cost-benefit analysis provides additional information to policy makers as compared to an analysis solely of the effect of an intervention. A literature review identified 106 evaluations of criminal justice interventions that reported both an effect size and measures of net benefit. Data on net benefit and effect size were extracted from these studies. We found that effect size is only weakly related to net benefits. The rank order of net benefits and effect… CONTINUE READING