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Public Policy in an Uncertain World Charles F. Manski

Public Policy in an Uncertain World By Charles F. Manski

Public Policy in an Uncertain World by Charles F. Manski


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Summary

Manski argues that public policy is based on untrustworthy analysis. Failing to account for uncertainty in an uncertain world, policy analysis routinely misleads policy makers with expressions of certitude. Manski critiques the status quo and offers an innovation to improve both how policy research is conducted and how it is used by policy makers.

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Public Policy in an Uncertain World Summary

Public Policy in an Uncertain World: Analysis and Decisions by Charles F. Manski

Public policy advocates routinely assert that research has shown a particular policy to be desirable. But how reliable is the analysis in the research they invoke? And how does that analysis affect the way policy is made, on issues ranging from vaccination to minimum wage to FDA drug approval? Charles Manski argues here that current policy is based on untrustworthy analysis. By failing to account for uncertainty in an unpredictable world, policy analysis misleads policy makers with expressions of certitude. Public Policy in an Uncertain World critiques the status quo and offers an innovation to improve how policy research is conducted and how policy makers use research.

Consumers of policy analysis, whether civil servants, journalists, or concerned citizens, need to understand research methodology well enough to properly assess reported findings. In the current model, policy researchers base their predictions on strong assumptions. But as Manski demonstrates, strong assumptions lead to less credible predictions than weaker ones. His alternative approach takes account of uncertainty and thereby moves policy analysis away from incredible certitude and toward honest portrayal of partial knowledge. Manski describes analysis of research on such topics as the effect of the death penalty on homicide, of unemployment insurance on job-seeking, and of preschooling on high school graduation. And he uses other real-world scenarios to illustrate the course he recommends, in which policy makers form reasonable decisions based on partial knowledge of outcomes, and journalists evaluate research claims more closely, with a skeptical eye toward expressions of certitude.

Public Policy in an Uncertain World Reviews

To academic readers steeped in [economics and decision theory], [Manski's] account is likely to be of some interest. It includes many useful and important insights (for example, the distinctions among policies based on the principles of 'maximin,' 'minimax,' and 'adaptive mini-max' regret) that have substantial implications for real-world policy. -- Brian Baird * Science *

About Charles F. Manski

Charles F. Manski is Board of Trustees Professor of Economics at Northwestern University.

Additional information

CIN0674066898G
9780674066892
0674066898
Public Policy in an Uncertain World: Analysis and Decisions by Charles F. Manski
Used - Good
Hardback
Harvard University Press
20130218
224
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Public Policy in an Uncertain World