Download or read book Rational Risk Policy written by W. Kip Viscusi and published by Clarendon Press. This book was released on 1998-03-12 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rational Risk Policy is based on Viscusi's Arne Ryde Memorial Lectures, delivered at Lund University in 1996. The organizing principle of these lectures is that the irrationality of individual decisions is often embodied in government regulations. Rather than overcoming the inadequacies in individual risk beliefs and behaviour, governmental regulations often institutionalize them. Viscusi examines how consumers and workers perceive risk and the implications of these risk beliefs and behavioural responses to risk for government policy. Hazard warnings efforts, direct regulation, and liability are among the alternative modes of intervention. The role of risk tradeoffs with respect to the value of life as well as the consequences of wasteful regulatory expenditures are considered in a discussion of riskrisk analysis. Rational Risk Policy also includes a critique of the risk analysis practices used by government agencies as well as a consideration of how liability and social insurance should be integrated into a rational risk management strategy.
Download or read book Risk Uncertainty and Rational Action written by Carlo C. Jaeger and published by Routledge. This book was released on 2013-11-05 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk as we now know it is a wholly new phenomenon, the by-product of our ever more complex and powerful technologies. In business, policy making, and in everyday life, it demands a new way of looking at technological and environmental uncertainty. In this definitive volume, four of the world's leading risk researchers present a fundamental critique of the prevailing approaches to understanding and managing risk - the 'rational actor paradigm'. They show how risk studies must incorporate the competing interests, values, and rationalities of those involved and find a balance of trust and acceptable risk. Their work points to a comprehensive and significant new theory of risk and uncertainty and of the decision making process they require. The implications for social, political, and environmental theory and practice are enormous. Winner of the 2000-2002 Outstanding Publication Award of the Section on Environment and Technology of the American Sociological Association
Download or read book Reactive Risk and Rational Action written by Carol A. Heimer and published by University of California Press. This book was released on 2021-01-08 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1985.
Download or read book Rational Risk Policy written by W. Kip Viscusi and published by . This book was released on 1998 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Viscusi examines the failure of government institutions to address common inadequacies in individual cost-benefit analyses because of irrational use of individual decision-making methods by government in risk regulation.
Download or read book Reactive Risk and Rational Action written by Carol Anne Heimer and published by . This book was released on 1985 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rational Responses to Risks written by Paul Weirich and published by Oxford University Press. This book was released on 2020-07-10 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good decisions account for risks. For example, the risk of an accident while driving in the rain makes a reasonable driver decide to slow down. While risk is a large topic in theoretical disciplines such as economics and psychology, as well as in practical disciplines such as medicine and finance, philosophy has a unique contribution to make in developing a normative theory of risk that states what risk is, and to what extent our responses to it are rational. Weirich here develops a philosophical theory of the rationality of responses to risk. He first distinguishes two types of risk: first, a chance of a bad event, and second, an act's risk in relation to its possible outcomes. He argues that this distinction has normative significance in the sense that one's attitudes towards these types of risks - and how one acts on them - are governed by different general principles of rationality. Consequently, a comprehensive account of risk must not only characterize rational responses to risk but also explain why these responses are rational. Weirich explains how, for a rational ideal agent, the expected utilities of the acts available in a decision problem explain the agent's preferences among the acts. As a result, maximizing expected utility is just following preferences among the acts. His view takes an act's expected utility, not just as a feature of a representation of preferences among acts, but also as a factor in the explanation of preferences among acts. The book's precise formulation of general standards of rationality for attitudes and for acts, and its rigorous argumentation for these standards, make it philosophical; but while mainly of interest to philosophers, its broader arguments will contribute to the conceptual foundations of studies of risk in all disciplines that study it.
Download or read book Risk Uncertainty and Rational Action written by Carlo C. Jaeger and published by Routledge. This book was released on 2013-11-05 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Risk as we now know it is a wholly new phenomenon, the by-product of our ever more complex and powerful technologies. In business, policy making, and in everyday life, it demands a new way of looking at technological and environmental uncertainty. In this definitive volume, four of the world's leading risk researchers present a fundamental critique of the prevailing approaches to understanding and managing risk - the 'rational actor paradigm'. They show how risk studies must incorporate the competing interests, values, and rationalities of those involved and find a balance of trust and acceptable risk. Their work points to a comprehensive and significant new theory of risk and uncertainty and of the decision making process they require. The implications for social, political, and environmental theory and practice are enormous. Winner of the 2000-2002 Outstanding Publication Award of the Section on Environment and Technology of the American Sociological Association
Download or read book Reactive Risk and Rational Action written by Carol Anne Heimer and published by . This book was released on 1981 with total page 1048 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rational Responses to Risks written by Paul Weirich and published by Oxford University Press. This book was released on 2020-07-10 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good decisions account for risks. For example, the risk of an accident while driving in the rain makes a reasonable driver decide to slow down. While risk is a large topic in theoretical disciplines such as economics and psychology, as well as in practical disciplines such as medicine and finance, philosophy has a unique contribution to make in developing a normative theory of risk that states what risk is, and to what extent our responses to it are rational. Weirich here develops a philosophical theory of the rationality of responses to risk. He first distinguishes two types of risk: first, a chance of a bad event, and second, an act's risk in relation to its possible outcomes. He argues that this distinction has normative significance in the sense that one's attitudes towards these types of risks - and how one acts on them - are governed by different general principles of rationality. Consequently, a comprehensive account of risk must not only characterize rational responses to risk but also explain why these responses are rational. Weirich explains how, for a rational ideal agent, the expected utilities of the acts available in a decision problem explain the agent's preferences among the acts. As a result, maximizing expected utility is just following preferences among the acts. His view takes an act's expected utility, not just as a feature of a representation of preferences among acts, but also as a factor in the explanation of preferences among acts. The book's precise formulation of general standards of rationality for attitudes and for acts, and its rigorous argumentation for these standards, make it philosophical; but while mainly of interest to philosophers, its broader arguments will contribute to the conceptual foundations of studies of risk in all disciplines that study it.
Download or read book Risk Management in Post Trust Societies written by Ragnar Löfstedt and published by Routledge. This book was released on 2009 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A thought-provoking and invaluable book for anyone who cares about risk communication and management in the 21st century' Anna Jung Director General European Food Information Council 'Professor Ragnar Löfstedt has once again produced a most interesting book on risk management and trust well-based on theory and built on empirical findings' Mikael Karlsson President Swedish Society for Nature Conservation 'Highlights the difficult balancing task facing risk regulators. Regulatory inaction against real risks can undermine public trust. However exaggerated responses to risks can also jeopardize r
Download or read book Risk Taking in International Politics written by Rose McDermott and published by University of Michigan Press. This book was released on 2001 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the way leaders deal with risk in making foreign policy decisions
Download or read book Curricular Concepts in Risk and Insurance written by American Risk and Insurance Association and published by . This book was released on 1961 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Risk and Rationality written by Lara Buchak and published by . This book was released on 2013-11 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) is too narrow, and suggests an alternative, more permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker.
Download or read book Making Decisions About Liability And Insurance written by Colin F. Camerer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two related trends have created novel challenges for managing risk in the United States. The first trend is a series of dramatic changes in liability law as tort law has expanded to assign liability to defendants for reasons other than negligence. The unpredictability of future costs induced by changes in tort law may be partly responsible for the second major trend known as the `liability crisis' - the disappearance of liability protection in markets for particularly unpredictable risks. This book examines decisions people make about insurance and liability. An understanding of such decision making may help explain why the insurance crisis resulted from the new interpretations of tort law and what to do about it. The articles cover three kinds of decisions: consumer decisions to purchase insurance; insurer decisions about coverage they offer; and the decisions of the public about the liability rules they prefer, which are reflected in legislation and regulation. For each of these three kinds of decisions, normative theories such as expected utility theory can be used as benchmarks against which actual decisions are judged.
Download or read book The Risk Management and Insurance Guidebook for Industry written by Karen MacWilliam and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written for all business sizes in all sectors and industries, this "how to" book provides step-by-step instructions for creating and administering a successful risk management program. It shows both new and veteran risk-managers, safety directors, and other financial and operational personnel how to identify risks, set up a risk management program, protect against losses, and maintain adequate insurance coverage for ongoing risk exposures. Focusing on the key steps to preparing a risk management program, the author examines the risk management process, the structure of risk management administration, and the importance of the loss-identification process. She also uses straightforward language to explain the rational and methodology behind obtaining and managing insurance programs and policies, including identifying necessary coverage, obtaining that coverage, and choosing and working with brokers and insurance agencies. This hands-on resource includes a detailed Exposure Identification Questionnaire, a sample Request for Proposals for insurance brokerage services, a sample Broker Service Agreement, and two glossaries. You will appreciate the list of risk management and insurance organizations, including contact information for insurance commissioners in all 50 states, which should be used to obtain current federal and state regulations, current rates and premiums, and ratings of insurers.
Download or read book Risk and Insurance written by Søren Asmussen and published by Springer Nature. This book was released on 2020-04-17 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a broad overview of the present state of insurance mathematics and some related topics in risk management, financial mathematics and probability. Both non-life and life aspects are covered. The emphasis is on probability and modeling rather than statistics and practical implementation. Aimed at the graduate level, pointing in part to current research topics, it can potentially replace other textbooks on basic non-life insurance mathematics and advanced risk management methods in non-life insurance. Based on chapters selected according to the particular topics in mind, the book may serve as a source for introductory courses to insurance mathematics for non-specialists, advanced courses for actuarial students, or courses on probabilistic aspects of risk. It will also be useful for practitioners and students/researchers in related areas such as finance and statistics who wish to get an overview of the general area of mathematical modeling and analysis in insurance.
Download or read book New Approaches to Food Safety Economics written by A.G.J. Velthuis and published by Springer Science & Business Media. This book was released on 2003-08-31 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary focus of the workshop was on food-safety economics for animal products.
