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OverviewRational 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. Full Product DetailsAuthor: W. Kip Viscusi (Cogan Professor of Law and Economics, Director of Program on Empirical Legal Studies, Harvard Law School)Publisher: Oxford University Press Imprint: Clarendon Press Dimensions: Width: 14.50cm , Height: 1.30cm , Length: 22.40cm Weight: 0.315kg ISBN: 9780198293637ISBN 10: 0198293631 Pages: 152 Publication Date: 01 February 1998 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviewsA particularly interesting part of this book is the chapter on risk analysis and regulatory policy ... This book is an important contribution to the literature dealing with risk policy. The author clearly lays out the various failures that occur in individual risk assessment and risk decisions ... The observations in this book add greatly to the goal of achieving a rational risk policy. * William Feldhaus, The Journal of Risk and Insurance * A particularly interesting part of this book is the chapter on risk analysis and regulatory policy ... This book is an important contribution to the literature dealing with risk policy. The author clearly lays out the various failures that occur in individual risk assessment and risk decisions ... The observations in this book add greatly to the goal of achieving a rational risk policy. William Feldhaus, The Journal of Risk and Insurance Author InformationTab Content 6Author Website:Countries AvailableAll regions |
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