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Understanding Long-term Enviromental Risks

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  • Fischhoff, Baruch

Abstract

How well we manage long-term environmental risks depends on how well we undertand them. Whether the risk managers are experts of laypeople, that understanding is typically limited. As a result, people must rely on judgment when making decisions about risks. Estimating how big risks are and how much reducing them is worth is an intellectual skill. After reviewing the behavioral principles that govern how people acquire such skills, this article offers several proposals for facilitating learning about risks by improving the ways in which scientific data are created or presented. It also describes some pitfalls facing attempts to determine the quality of other people's understanding of risks, whether through direct study or more casual observation. Copyright 1990 by Kluwer Academic Publishers

Suggested Citation

  • Fischhoff, Baruch, 1990. "Understanding Long-term Enviromental Risks," Journal of Risk and Uncertainty, Springer, vol. 3(4), pages 315-330, December.
    • Handle: RePEc:kap:jrisku:v:3:y:1990:i:4:p:315-30
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    Cited by:

    1. Evan Flugman & Pallab Mozumder & Timothy Randhir, 2012. "Facilitating adaptation to global climate change: perspectives from experts and decision makers serving the Florida Keys," Climatic Change, Springer, vol. 112(3), pages 1015-1035, June.
    2. Johnson Kakeu, 2023. "Concerns for Long-Run Risks and Natural Resource Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 1051-1093, April.

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