Subjectivity refers to the way individuals interpret and experience the world based on their personal perspectives, feelings, and opinions. In the context of evaluating social policies, subjectivity plays a crucial role as it highlights how different stakeholders may perceive the value and effectiveness of a policy based on their unique experiences and biases. This means that cost-benefit analysis can vary widely depending on whose views are represented, making it essential to consider multiple viewpoints for a more comprehensive understanding of a policy's impact.
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