Quotes & Sayings About Costs And Benefits

Fundamental to our analysis is the assumption that the population, as individuals or groups, behaves "rationally," that it calculates costs and benefits to the extent that they can be related to different courses of action, and makes choices accordingly. ... Consequently, influencing popular behavior requires neither sympathy nor mysticism, but rather a better understanding of what costs and benefits the individual or the group is concerned with, and how they are calculated. — Malcolm Gladwell

Co-creation is much more work than writing somewhere in a hidden corner and then publishing your content. However, the benefits outweigh the costs. — Alexander Osterwalder

Defense leaders should be searching for ways to reform out-of-date procurement processes, to collapse layers of Pentagon bureaucracy, and to restrain the growth in personnel and benefits costs. A critical first step in that process should be to conduct a full Pentagon audit to determine how DOD spends taxpayer dollars. — Pete Hegseth

Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledge and health by weighing the benefits and costs. Benefits include cultural and other non-monetary gains along with improvement in earnings and occupations, while costs usually depend mainly on the foregone value of the time spent on these investments. — Gary Becker

Issues of energy, climate change, nuclear arms control and non-proliferation are all big deals. These are problems that we have to get right globally, not just nationally, and there are big benefits in cooperating, in terms of sharing costs, in terms of sharing risks, in terms of propagating the best answers. — John Holdren

In Europe and America alike, voters increasingly recognize that the benefits of the green revolution aren't worth the costs, particularly when the revolutionaries don't have a clue what they're doing. — Jonah Goldberg

Desert Storm II would be in a walk in the park ... The case for 'regime change' boils down to the huge benefits and modest costs of liberating Iraq. — Kenneth Adelman

Choosing to work where there is a union and getting the related benefits of higher wages and collective bargaining, but not paying a fair share of the costs of representation, would be freeloading, right? — Cynthia Dill

The typical political ploy was to load up benefits in the present and push costs into the future. Yet that future always arrived; — Henry Hazlitt

Successful cultures are those that excel in reproducing their memes, irrespective of the costs and benefits to their human hosts. — Yuval Noah Harari

It's easy K. on one side of the page you got your costs and on the other side your benefits. All you do is mark which one is which, then you weigh one side against the other and you get your decision just like that. that's all you ever have to do. i live by this."
"But what if you don't know the difference between a benefit and a cost? what if you've never been very good at telling a plus from a minus? — Andre Dubus III

When forecasting the outcomes of risky projects, executives too easily fall victim to the planning fallacy. In its grip, they make decisions based on delusional optimism rather than on a rational weighting of gains, losses, and probabilities. They overestimate benefits and underestimate costs. They spin scenarios of success while overlooking the potential for mistakes and miscalculations. As a result, they pursue initiatives that are unlikely to come in on budget or on time or to deliver the expected returns - or even to be completed. In this view, people often (but not always) take on risky projects because they are overly optimistic about the odds they face. I will return to this idea several times in this book - it probably contributes to an explanation of why people litigate, why they start wars, and why they open small businesses. — Daniel Kahneman

We desperately need to recognize that we are the guests not the masters of nature and adopt a new paradigm for development, based on the costs and benefits to all people, and bound by the limits of nature herself rather than the limits of technology and consumerism. — Mikhail Gorbachev

By standing still, we're making the things we don't like about Obamacare even worse, forcing Missourians to bear all the costs of this law - and reap none of the benefits. — Jay Nixon

But here- tonight ... the benefits outweighed the costs."
"Is that also what you told yourself when you went into my mind?
What was the benefit then?"
Rhys pushed off the door, crossing to where I sat on the bed. "There are parts of your mind I left undisturbed, things that belong solely to you, and always will. And as for the rest ... " His jaw clenched. "You scared the shit out of me for long while, Feyre. Checking in that way ... I couldn't very well stroll into the Spring court ans ask how you were doing, could I? — Sarah J. Maas

Real benefits come when managers begin to understand the profound difference between 'cost cutting' and 'eliminating the causes of costs' — Brian L. Joiner

That's the heart of this entire concept. Clients do not buy 'things'. They buy the experiences that those 'things' are able to deliver. And, when so doing, they measure the benefits against the costs. Which leads us directly to consider: what is a value proposition? — Cindy Barnes

On my view there is no net benefit to coming into existence and thus coming into existence is never worth its costs. — David Benatar

To date, there is no strong empirical support for claims that automating medical record keeping will lead to major reductions in health-care costs or significant improvements in the well-being of patients. But if doctors and patients have seen few benefits from the scramble to automate record keeping, the companies that supply the systems have profited. Cerner Corporation, a medical software outfit, saw its revenues triple, from $1 billion to $3 billion, between 2005 and 2013. Cerner, as it happens, was one of five corporations that provided RAND with funding for the original 2005 study. The other sponsors, which included General Electric and Hewlett Packard, also have substantial business interests in health-care automation. As today's flawed systems are replaced or upgraded in the future, to fix their interoperability problems and other shortcomings, information technology companies will reap further windfalls. — Nicholas Carr

Very few people would choose to have even the most fabled assortment of goods if it meant getting cancer within the year. But the choice involves not the certainty of cancer very soon but an increased probability of cancer at some time in the future. The cancers are no less real; millions will die painfully and prematurely because of what we do to our environment. But the choice is not an easily visualizable one, and our capacity of denial comes strongly into play - as it tends to whenever we must weigh future costs against immediate benefits. — Paul L Wachtel

Printing ballots in multiple languages costs millions of dollars every year. It also discourages immigrants from integrating into American society and gaining the benefits that come from speaking English. — Ernest Istook

Given our inevitably incomplete knowledge about key structural aspects of an everchanging economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank needs to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. The decision makers then need to reach judgment about the probabilities, costs and benefits of the various possible outcomes under alternative choices for policy. — Alan Greenspan

And up until quite recently, that has held up as the grand bargain of the carbon age: the people reaping the bulk of the benefits of extractivism pretend not to see the costs of that comfort so long as the sacrifice zones are kept safely out of view. — Naomi Klein

Your political preference determines the arguments that you find compelling. If you like the current health policy, you believe its benefits are substantial and its costs more manageable than the costs of alternatives. If you are a hawk in your attitude toward other nations, you probably think they are relatively weak and likely to submit to your country's will. — Daniel Kahneman

It boggles my mind that the same people who cry 'foul' about rationing an instant later argue to reduce health care benefits for the needy, to defund crucial programs of care and prevention, and to shift thousands of dollars of annual costs to people - elders, the poor, the disabled - who are least able to bear them. — Donald Berwick

The affect heuristic simplifies our lives by creating a world that is much tidier than reality. Good technologies have few costs in the imaginary world we inhabit, bad technologies have no benefits, and all decisions are easy. In the real world, of course, we often face painful tradeoffs between benefits and costs. — Daniel Kahneman

The Value of a Smile at Christmas It costs nothing, but creates much. It enriches those who receive, without impoverishing those who give. It happens in a flash and the memory of it sometimes lasts forever. None are so rich they can get along without it, and none so poor but are richer for its benefits. It creates happiness in the home, fosters good will in a business, and is the countersign of friends. — Dale Carnegie

People don't like it, but inevitably we need to think about both the costs and the benefits of health care. We cannot avoid the financial consequences. — Steven Levitt

Remember: It costs nothing to encourage an artist, and the potential benefits are staggering. A pat on the back to an artist now could one day result in your favorite film, or the cartoon you love to get stoned watching, or the song that saves your life. Discourage an artist, you get absolutely nothing in return, ever. — Kevin Smith

You must provide more benefits and fewer costs and risks than the other choices your manager has. Most people seeking a promotion pay more attention to promising benefits than they do to alleviating costs and mitigating risks, but all three are critical in any decision to promote from within. — Anonymous

Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real wealth, there is the question of whether this would be a wise thing to do. Marginal costs of additional growth in rich countries, such as global warming, biodiversity loss and roadways choked with cars, now likely exceed marginal benefits of a little extra consumption. The end result is that promoting further economic growth makes us poorer, not richer. — Herman E. Daly

Sharing the code just seems like The Right Thing to Do, it costs us rather little, but it benefits a lot of people in sometimes very significant ways. There are many university research projects, proof of concept publisher demos, and new platform test beds that have leveraged the code. Free software that people value adds wealth to the world. — John Carmack

To hold silence and to be silenced are two very different experiences. And so another theme emerges, that of light and shadow. When we share our voice, who benefits? When we withhold, who benefits? And what are the consequences and costs of both? — Terry Tempest Williams

The Office for Budget Responsibility correctly stay out of the political debate and do not assess the long-term costs and benefits of E.U. membership. — George Osborne

The benefits of a modest warming would outweigh the costs - by $8.4 billion a year in 1990 dollars by the year 2060, according to Robert Mendelsohn at Yale University - thanks to longer growing seasons, more wood fiber production, lower construction costs, lower mortality rates, and lower rates of morbidity (illness). — Joseph L. Bast

Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation. — Larry Elder

One of the most basic and pervasive social processes is the sorting and labeling of things, activities, and people ... Sorting and labeling processes involve a trade-off of costs and benefits. In general, the more finely the sorting is done, the greater the benefits - and the costs ... Sorting and labeling, whether of people or of things, is a sorting and labeling of probabilities rather than of certainties. — Thomas Sowell

Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs. — John F. Kennedy

In the national debate about a serious issue, it is the expression of the minority's viewpoint that most demands the protection of the First Amendment. Whatever the better policy may be, a full and frank discussion of the costs and benefits of the attempt to prohibit the use of marijuana is far wiser than suppression of speech because it is unpopular. — John Paul Stevens

Isn't it ironic that pay, perks, and benefits all cost your company at the bottom line, but authentic recognition, especially when it's most unexpected, costs very little and gives the most impressive return on investment? — Chip Conley

Imposing excessive new regulations, or closing coal-fired power plants, would produce few health or environmental benefits. But it would exact huge costs on society - and bring factories, offices and economies to a screeching halt in states that are 80-98% dependent on coal: Indiana, Kentucky, Missouri, North Dakota, Ohio, Utah, West Virginia and Wyoming. — Paul Driessen

Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large. — Thomas Sowell

The reason we form networks is because the benefits of a connected life outweigh the costs. It's to our advantage as individuals and a species to assemble ourselves in this fashion. — Nicholas A. Christakis

The natural proclivity of democratic governments is to pursue public policies which concentrate benefits on the well-organized and well-informed, and disperse the costs on the unorganized and ill-informed. — Peter Boettke

It costs nothing, but creates much. It enriches those who receive, without impoverishing those who give. It happens in a flash and the memory of it sometimes lasts forever. None are so rich they can get along without it, and none so poor but are richer for its benefits. It creates happiness in the home, fosters good will in a business, and is the countersign of friends. It is rest to the weary, daylight to the discouraged, sunshine to the sad, and Nature's best antidote for trouble. Yet it cannot be bought, begged, borrowed, or stolen, for it is something that is no earthly good to anybody till it is given away. — Dale Carnegie

Foreign policy is a matter of costs and benefits, not theology. — Fareed Zakaria

A final irony has to do with the idea of political responsibility. Christians are urged to vote and become involved in politics as an expression of their civic duty and public responsibility. This is a credible argument and good advice up to a point. Yet in our day, given the size of the state and the expectations that people place on it to solve so many problems, politics can also be a way of saying, in effect, that the problems should be solved by others besides myself and by institutions other than the church. It is, after all, much easier to vote for a politician who champions child welfare than to adopt a baby born in poverty, to vote for a referendum that would expand health care benefits for seniors than to care for an elderly and infirmed parent, and to rally for racial harmony than to get to know someone of a different race than yours. True responsibility invariably costs. Political participation, then, can and often does amount to an avoidance of responsibility. — James Davison Hunter

All positive traits, states, and experiences have costs that at high levels may begin to outweigh their benefits. — Malcolm Gladwell

American taxpayers will be forced to foot the bill for the overwhelming costs of amnesty. Under current law, once 11 million illegal immigrants receive probationary status, they will immediately have access to federal benefits like Social Security and Obamacare coverage. If we thought we had a problem with government spending before, just wait. — Lamar S. Smith

Doing all we can to combat climate change comes with numerous benefits, from reducing pollution and associated health care costs to strengthening and diversifying the economy by shifting to renewable energy, among other measures. — David Suzuki

Gradual and moderate warming brings benefits as well as incurring costs. These benefits and costs will not, of course, be felt uniformly throughout the world; the colder regions of the world will be more affected by the benefits, and the hotter regions by the costs. — Nigel Lawson

A general "law of least effort" applies to cognitive as well as physical
exertion. The law asserts that if there are several ways of achieving the
same goal, people will eventually gravitate to the least demanding course
of action. In the economy of action, effort is a cost, and the acquisition of
skill is driven by the balance of benefits and costs. Laziness is built deep into our nature. — Daniel Kahneman

The free market is 'socialism' for the rich: the public pays the costs and the rich get the benefit - markets for the poor and plenty of state protection for the rich. — Noam Chomsky

It's the secrecy surrounding drone strikes that's most troubling. . . We don't know the targeting criteria, or whether the rules for CIA and military drone strikes differ; we don't know the details of the internal process through which targets are vetted; we don't know the chain of command, or the details of congressional oversight. The United States does not release the names of those killed, or the location or number of strikes, making it impossible to know whether those killed were legitimately viewed as combatants or not. We also don't know the cost of the secret war: How much money has been spent on drone strikes? What's the budget for the related targeting and intelligence infrastructures? How is the government assessing the costs and benefits of counterterrorism drone strikes? That's a lot of secrecy for a targeted killing program that has reportedly caused the deaths of several thousand people. (117-118) — Rosa Brooks

We can decide that the presence of cancer-causing substances in our air, water, and food is too expensive. A 2009 study, for example, has found that coal miners in Appalachia costs the region five times more in premature deaths, including from cancer, than it provides to the region in jobs, taxes, and economic benefits. In California, the production and use of hazardous chemicals cost the state $2.6 billion in 2004 alone in lost wages and health-care expenses to treat workers and children with pollution-linked diseases. — Sandra Steingraber