Learn about cost benefit analysis in sociology and its benefits and limitations. Understand the steps involved in conducting a cost benefit analysis and how it helps in decision-making. Explore the importance of considering both tangible and intangible factors in the analysis. Discover the role of cost benefit analysis in risk assessment, long-term planning, and economic efficiency. Find out the limitations of cost benefit analysis, such as subjectivity in valuing intangible factors and incomplete information. Gain insights into how uncertainty and risk can impact the analysis.