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Closing schools: how to make a rational decision?

By Loïc Berger, Chercheur CNRS, LEM (UMR 9221), IÉSEG School of Management
Massimo Marinacci, Professor, Bocconi University
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According to a study conducted in collaboration with the Nobel laureate in economics, Lars Peter Hansen, decision theory is an effective tool for finding the best trade-offs.

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