This is a short video describing the importance of assumptions in cost benefit analysis. Assumptions are essential for any cost benefit analysis. This is because there will never be perfect information, lack of information will leave gaps in the analysis. These gaps need to be filled somehow. This is where assumptions come in. These assumptions fill the gaps. It is also important that these assumptions are supported by some evidence and are not just wild guesses. This video provides a brief insight into how assumptions should be formulated and applied to a cost benefit analysis.
The video can be watched at the link below:
For more insight into cost benefit analysis I have a number of other videos available on the following playlist:
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