Abstract
Behavioral decision theory can contribute in many ways to the management and regulation of risk. In recent years, empirical and theoretical research on decision making under risk has produced a body of knowledge that should be of value to those who seek to understand and improve societal decisions. This paper describes several components of this research, which is guided by the assumption that all those involved with high-risk technologies as promoters, regulators, politicians, or citizens need to understand how they and the others think about risk. Without such understanding, well-intended policies may be ineffective, perhaps even counterproductive.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
