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How much credence should we give to “the wisdom of crowds”?

The Minefield

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The Complexity of Efficiency in Policy Making

This chapter examines the intricacies of efficiency in decision-making towards net zero emissions, highlighting the interplay between efficiency, equity, and justice. It also addresses the challenges faced by social sciences in providing clear guidance, particularly during crises like the COVID-19 pandemic, where expert advice often diverges from policy outcomes.

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