Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-dsjbd Total loading time: 0 Render date: 2024-11-20T08:37:47.740Z Has data issue: false hasContentIssue false

2 - Economic Analysis, Risk Regulation, and the Dynamics of Policy Regret

from Part I - The Conceptual Terrain of Crises and Risk Perceptions

Published online by Cambridge University Press:  24 October 2017

Edward J. Balleisen
Affiliation:
Duke University, North Carolina
Lori S. Bennear
Affiliation:
Duke University, North Carolina
Kimberly D. Krawiec
Affiliation:
Duke University, North Carolina
Jonathan B. Wiener
Affiliation:
Duke University, North Carolina
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Policy Shock
Recalibrating Risk and Regulation after Oil Spills, Nuclear Accidents and Financial Crises
, pp. 41 - 42
Publisher: Cambridge University Press
Print publication year: 2017

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Allais, M. 1953. “Le Comportement de L’homme Rationnel Devant Le Risquye, Critique Des Postulats et Axioms de L’ecole Americaine.” Econometrica 21: 503–46.Google Scholar
Anscombe, F., and Aumann, R.. 1963. “A Definition of Subjective Probability.” Annals of Mathematical Statistics 34: 199205.CrossRefGoogle Scholar
Arrow, K. J., and Lind, R. C.. 1970. “Uncertainty and the Evaluation of Public Investment Decisions.” American Economic Review 60: 364–78.Google Scholar
Camerer, C. F., Loewenstein, G., and Rabin, M.. 2003. Advances in Behavioral Economics. Princeton, NJ: Princeton University Press.Google Scholar
Cole, G. A., and Withey, S. B.. 1981. “Perspectives on Risk Perceptions.” Risk Analysis 1: 143–63.Google Scholar
Copeland, C. W. 2011. Cost-Benefit and Other Analysis Requirements in the Rulemaking Process. #R41974. www.fas.org/sgp/crs/misc/R41974.pdf.Google Scholar
Dalkey, N. C. 1969. The Delphi Method: An Experimental Study of Group Opinion. #RM-5888-PR. www.rand.org/pubs/research_memoranda/RM5888.html.Google Scholar
DellaVigna, S. 2009. “Psychology and Economics: Evidence from the Field.” Journal of Economic Literature 47 (2): 315–72.Google Scholar
Financial Crisis Inquiry Commission. 2011. The Finanical Crisis Inquiry Report: Final Report of the National Commission on the Causes of the Finanical And Economic Crisis in the United States. Washington, DC. http://fcic-static.law.stanford.edu/cdn_media/fcic-reports/fcic_final_report_full.pdf.Google Scholar
Helmer-Hirschberg, O. 1967. Analysis of the Future: The Delphi Method. #P-3558. www.rand.org/pubs/papers/P3558.html.Google Scholar
Hirshleifer, J. 1964. “Efficient Allocation of Capital in an Uncertain World.” American Economic Review 54: 7785.Google Scholar
Kahneman, D., and Tversky, A.. 1979. “Prospect Theory: An Analysis of Decision under Risk.” Econometrica: Journal of the Econometric Society 47 (2): 263–91.Google Scholar
Mas-Colell, A., Whinston, M. D., and Green, J. R.. 1995. Microeconomic Theory. New York: Oxford University Press.Google Scholar
National Commission, on the BP Deepwater Horizon Oil Spill and Offshore Drilling. 2011. “Deep Water: The Gulf Oil Disaster and the Future of Offshore Drilling.” www.oilspillcommission.gov/.Google Scholar
Office of Management and Budget. 2003. Circular A-4, Regulatory Analysis. Washington, DC. https://georgewbush-whitehouse.archives.gov/omb/circulars/a004/a-4.html.Google Scholar
Rowe, G., and Wright, G.. 2001. “Differences in Expert and Lay Judgments of Risk: Myth or Reality?Risk Analysis 21 (2): 341–56.CrossRefGoogle ScholarPubMed
Sandman, P. M., Weinstein, N. D., and Klotz, M. L.. 1987. “Public Response to Risk from Geological Radon.” Journal of Communication 37 (3): 93108.Google Scholar
Slovic, P. 1987. “Perception of Risk.” Science 236: 280–85.Google Scholar
Slovic, P., Malmfors, T., Krewski, D., Mertz, C. K., Neil, N., and Bartlett, S.. 1995. “Intuitive Toxicology II. Expert and Lay Judgments of Chemical Risks in Canada.” Risk Analysis15 15: 661–75.Google Scholar
US House of Representatives. 2006. A Failure of Initiative: Final Report of the Select Bipartisan Committee to Investigate the Preparation for and Response to Hurricane Katrina. Washington, D.C. www.c-span.org/pdf/katrinareport.pdf.Google Scholar
von Neumann, J., and Morgenstern, O.. 1944. Theory of Games and Economic Behavior. Princeton, NJ: Princeton University Press.Google Scholar
Wilkinson, N., and Klaes, M.. 2012. An Introduction to Behavioral Economics. London, UK: Palgrave Macmillan.Google Scholar
Wright, G., and Bolger, F.. 1992. “Introduction.” In Expertise and Decision Support, edited by Wright, G. and Bolger, F.. New York: Plenum, 18.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×