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Financial Regulation and Cost-Benefit Analysis. Cass Sunstein, January 22, 2015, Paper. "Cost-benefit analysis is best understood as a way for agencies to ensure that their decisions are informed—that they are based on knowledge about likely consequences, rather than on dogmas, intuitions, hunches, or interest-group pressures. But when agencies lack that knowledge, and cannot obtain it, cost benefit analysis runs into an evident objection. It is tempting to think that financial regulation in particular should not be subjected to cost-benefit analysis, because the problem of insufficient knowledge is pervasive in..." Link