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3. If the overall success of the project is uncertain once the decision is made to undertake it, we can still use cost- benefit analysis
3. If the overall success of the project is uncertain once the decision is made to undertake it, we can still use cost- benefit analysis to determine if the project should be undertaken or not. Which of the following statements is not relevant for doing rational cost-benefit analysis under uncertainty? a. An assumption concerning Risk Attitudes b. Assessments concerning the possible states of the world and their associated probabilities. c. The risk and return of other comparable projects. d. Taking into account the possibility that the decision will turn out to be the wrong one once the outcome has been realized
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