Advanced Search
MyIDEAS: Login to save this article or follow this journal

Incertitude scientifique et décision publique : le recours au Principe de pré-caution

Contents:

Author Info

  • Tania Bouglet
  • Thomas Lanzi
  • Jean-Christophe Vergnaud

Abstract

In this paper, we formalize two criteria of decisions which try to convey two different interpretations of the Precautionary principle. The first criterion corresponds to the maximization of the minimum of the expected utility whereas the second criterion corresponds to the minimization of the maximum of the regret expectation. We apply those two criteria in an economic problem where uncertainty is assessed by a family of probabilities. We show that there is a distance of probabilities for which the choices induced by the two criteria are different. Especially, we show that in this case, the second criterion always induces the more cautious decision contrary to the first criterion, decisions are the same elsewhere.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REL_722_0109
Download Restriction: restricted

File URL: http://www.cairn.info/revue-recherches-economiques-de-louvain-2006-2-page-109.htm
Download Restriction: restricted

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by De Boeck Université in its journal Recherches économiques de Louvain.

Volume (Year): 72 (2006)
Issue (Month): 2 ()
Pages: 109-127

as in new window
Handle: RePEc:cai:reldbu:rel_722_0109

Contact details of provider:
Web page: http://www.cairn.info/revue-recherches-economiques-de-louvain.htm

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Gajdos, Thibault & Tallon, Jean-Marc & Vergnaud, Jean-Christophe, 2004. "Decision making with imprecise probabilistic information," Journal of Mathematical Economics, Elsevier, vol. 40(6), pages 647-681, September.
  2. Claude Henry & Marc Henry, 2002. "Formalization and applications of the precautionary principles," Discussion Papers 0102-22, Columbia University, Department of Economics.
  3. Claude HENRY & Marc HENRY, 2002. "Formalization and Applications of the Precuationary Principle," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2002009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cai:reldbu:rel_722_0109. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.