Abstract
The purpose of this paper is to examine the various approaches available to decision makers for taking account of safety effects in public sector allocative and legislative decisions of the type that have to be made by those involved in radiological protection. The case in favour of the explicit costing of risk and valuation of safety is developed and suggestions are made concerning the way in which such costs and values might be defined and used, in conjunction with a 'decision analysis' approach, in cases involving potential catastrophes. Finally, recent recommendations of the ICRP and NRPB are examined in the light of the results of empirical and theoretical work on the costing of risk and valuation of safety.
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