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rational

CONSENSUS Rational

The Rationale

Policy makers are faced on daily basis with different policy choices and objectives that, more often than not, are subject to inherent conflicts, implying underlying trade-offs that need to be taken into account. For example, if a policymaker wishes to construct a road, he has to consider a number of factors amongst others, the cost of the investment, its socio-economic return in terms of social cohesion and economic trade, environmental aspects, safety considerations and so on. How can a policymaker be certain that he has calibrated these different elements in a balanced way?

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