Low Probability Events and Determining Acceptable Risk: The Case of Nuclear Regulation

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/1843 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/1843 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/1843 archive 351 disk0/00/00/18/10 2016-01-15 01:50:37 2021-08-27 17:10:37 2016-01-15 01:50:37 monograph show 2 Jackson J.E. Kunreuther H.C. AL1609 Low Probability Events and Determining Acceptable Risk: The Case of Nuclear Regulation pub iis_rsk iis_nuc prog_mmt This paper discusses two aspects of the problem of determining and managing risk policies for low probability events. The public choice problem concerns the difficulty of defining acceptable societal risk when there is considerable individual disagreement about acceptable risk. The information processing problem addresses how individuals and organizations perceive and make decisions about low probability, catastrophic events. Both problems, and their interactions, impact on policy design and institutional performance for this class of problems. The paper discusses these impacts and their implications for developing and managing public policies. 1981-05 published PP-81-007 PP-81-007 2572 public professional_paper IIASA, Laxenburg, Austria 26 FALSE info:eu-repo/semantics/book