Wednesday, December 08, 2010

(EA) Looking for a Deal on a Used Car?

The Ford Pinto Case:

http://www.wfu.edu/~palmitar/Law&Valuation/Papers/1999/Leggett-pinto.html

2 comments:

  1. My mom had one of those awful things. It strikes me that the cost-benefit analysis necessarily relied on wildly speculative premises (such as how many Pintos would actually be rear-ended with sufficient force to make them explode, etc.) and thus was utterly bogus as a calculation. As a legal fig-leaf, however, it probably seemed like a good idea at the time, but they didn't figure on how heartless and calculating it would make them look when Mother Jones magazine leaked the memos (another unknown unknown).

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  2. We're discussing some obvious limitations of cost-benefit, i.e., utilitarian, thinking in ethics.

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