Tag Archive for 'Decision theory'

Economic Choice vs. Political Choice

Some choices are better made economically, with individuals able to decide for themselves how to maximize their own utility by allocating their own resources as they see fit. Other choices are better made politically, with groups deciding how to allocate their collective resources to maximize their collective utility.

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XBRL Data Tagging Standards Advance on Two Fronts

Updated: 8:30 a.m., Tuesday, Dec. 15 Government Transparency Updates: The House approved S. 303 by voice vote on Monday, Dec. 14. The bill text and debate are immediately below; the debate starts on page H14837. An easier-to-read version of S. 303 is also below. The most important part of the bill, about data standard requirements, [...]

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