Risk preferences regarding multiple fatalities and some implications for societal risk decision making-an empirical study

Journal of Risk Research

Volumn 9, Issue 7, 2006, Pages 703-715

  Abrahamsson, Marcus ^a   Johansson, Henrik ^a  

^a LUND UNIVERSITY   (Sweden)

Author keywords

Risk management; Tradeoff method; Uncertainty; Utility

Indexed keywords

ACCIDENT PREVENTION; DECISION MAKING; FUNCTION EVALUATION; HEALTH RISKS; SOCIAL ASPECTS; SOCIETIES AND INSTITUTIONS;

CRISIS-MANAGEMENT ISSUES; EDUCATIONAL KNOWLEDGE; MULTIPLE FATALITIES; TRADEOFF METHODS;

RISK ASSESSMENT;

EID: 33750050550     PISSN: 13669877     EISSN: 14664461     Source Type: Journal    
DOI: 10.1080/13669870600799853     Document Type: Article

References (26)

1. Adams, J. and Thompson, M. (2002) Taking Account of Societal Concerns about Risk-Framing the Problem (Sudbury: HSE Books).
2. Ale, B. J. M. (2005) Tolerable or Acceptable: A Comparison of Risk Regulation in the United Kingdom and in the Netherlands, Risk Analysis, 25, pp. 231-241.
3. Ball, D. J. and Boehmer-Christiansen, S. (2002) Understanding and Responding to Societal Concerns (Sudbury: HSE Books).
4. Ball, D. J. and Floyd, P. J. (1998) Societal Risks. A report prepared for the Health and Safety Executive (Sudbury: HSE Books).
5. CCPS (2000) Guidelines for Chemical Process Quantitative Risk Analysis (New York: Center for Chemical Process Safety of the American Institute of Chemical Engineers).
6. Davidsson, G. and Lindgren, M., et al. (1997) Värdering av risk (Karlstad: Räddningsverket) (Swedish).
7. Evans, A. W. and Verlander, N. Q. (1997) What is wrong with criterion FN-lines for judging the tolerability of risk, Risk Analysis, 17, pp. 157-168.
8. Farquhar, P. H. (1984) Utility assessment methods, Management Science, 30, pp. 1283-1300.
9. Fennema, H. and van Assen, M. (1998) Measuring the utility of losses by means of the tradeoff method, Journal of Risk and Uncertainty, 17, pp. 277-296.
10. Griesmeyer, J. M. and Okrent, D. (1981) Risk management and decision rules for light water reactors, Risk Analysis, 1, pp. 121-136.
11. Hershey, J. C. and Kunreuther, H. C., et al. (1982) Sources of bias in assessment procedures for utility functions, Management Science, 28, pp. 936-954.
12. Hood, C. C. and Jones, D. K. C., et al. (1992) Risk Management, in: Risk Analysis Perception & Management, pp. 135-167 (London: The Royal Society).
13. Hubert, P. and Barny, M. H., et al. (1991) Elicitation of decision-makers' preferences for management of major hazards, Risk Analysis, 11, pp. 199-206.
14. Kahneman, D. and Tversky, A. (1979) Prospect theory: an alternative theory of rational choice under uncertainty, The Economic Journal, 92, pp. 805-824.
15. Keeney, R. L. (1980) Equity and PUBLIC RISK, Operations Research, 28, pp. 527-534.
16. Klinke, A. and Renn, O. (2002) A new approach to risk evaluation and management: risk-based, precaution-based, and discourse-based strategies, Risk Analysis, 22, pp. 1071-1094.
17. Kunreuther, H. and Novemsky, N., et al. (2001) Making low probabilities useful, Journal of Risk and Uncertainty, 23, pp. 103-120.
18. McCord, M. and de Neufville, R. (1986) "Lottery Equivalents": Reduction of the certainty effect problem in utility assessment, Management Science, 32, pp. 56-60.
19. Slovic, P. and Lichtenstein, S., et al. (1984) Modeling the societal impact of fatal accidents, Management Science, 30, pp. 464-474.
20. Smeder, M. and Christou, M., et al. (1996) Land Use Planning in the Context of Major Accident Hazards - An Analysis of Procedures and Criteria in Selected EU Member States (Ispra: EC Institute for Systems, Informatics and Safety, Major Accident Hazards Bureau, Report EUR 16452 EN).
21. Sprangler, M. B. (1982) Societal aversion to catastrophic and involuntary risks of nuclear power, Transactions of the American Nuclear Society, 41, pp. 449-450.
22. Stirling, A. (1999) On Science and Precaution in the Management of Technological Risk (Seville: European Commission - JRC - Institute Prospective Technological Studies, EUR 19056 EN).
23. Tversky, A. and Kahneman, D. (1981) The Framing of decisions and the psychology of choice, Science, 3-211, pp. 453-458.
24. Tversky, A. and Kahneman, D. (1992) Advances in prospect theory: cumulative representation of uncertainty, Journal of Risk and Uncertainty, 5, pp. 297-323.
25. von Neumann, J. and Morgenstern, O. (1953) Theory of Games and Economic Behavior (Princeton, NJ: Princeton University Press).
26. Wakker, P. and Deneffe, D. (1996) Eliciting von Neumann-Morgenstern Utilities When Probabilities are Distorted or Unknown, Management Science, 42, pp. 1131-1150.