Originally posted by MichaeltheGreat
IF (big IF), you clearly scope out the types of externalities that have to be considered, a minimum threshhold of impact (so you don't get forced into wasting inordinate time on stuff so small it fades into background noise), a maximum degree of indirectness (no flapping butterfly causing a hurricane debates), and agreed methods for modeling costs and consequences, then addressing externalities is sound practice.
IF (big IF), you clearly scope out the types of externalities that have to be considered, a minimum threshhold of impact (so you don't get forced into wasting inordinate time on stuff so small it fades into background noise), a maximum degree of indirectness (no flapping butterfly causing a hurricane debates), and agreed methods for modeling costs and consequences, then addressing externalities is sound practice.
(even though I don't think the "if" is that big)
nuff said.
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