RATIONAL RISK POLICY by W. Kip Viscusi ( 9780198293637 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

RATIONAL RISK POLICY
THE 1996 ARNE RYDE MEMORIAL LECTURES

By:

W. Kip Viscusi

Format:

Hardback

List price:

£112.50

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£98.44

Discount:

12.5% off

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£14.06

ISBN 10:

0198293631

ISBN 13:

9780198293637

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Publisher:

OXFORD UNIVERSITY PRESS

Pub. date:

12 March, 1998

Pages:

152

Description:

Rational Risk Policy provides a comprehensive and accessible synthesis of Viscusi's important and well-known work on risk policy. The new material developed in this book explores the various forms of irrationality exemplified in individual risk behaviour, and the role government policy has played in institutionalizing these same kinds of biases. The author develops principles for a more rational approach to risk policy.

Synopsis:

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.

Illustrations:

frontispiece, line figures, tables

Publication:

Imprint:

Clarendon Press

Returns:

Returnable

Some other items by this author:

CALCULATING RISKS? (HB)

CALCULATING RISKS? (PB)

CLASSICS IN RISK MANAGEMENT (HB)

COMPENSATION MECHANISMS FOR JOB RISKS