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Scientific and technological uncertainty, the precautionary principle, scenarios and risk management

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  • Michael D. Rogers

Abstract

Uncertainty, the precautionary principle and scenario are three important concepts in current regulatory debates concerned with risk management. In this paper, each concept is described in relation to its regulatory context and a linkage between the three concepts is established. Three scenarios relating to increasing scientific and technical uncertainty are presented. The most obvious regulatory approach to uncertainty is to ban a product, process or substance under the aegis of the precautionary principle. However, this may not be appropriate in all cases and a range of other possible policy responses to uncertainty are discussed and avenues for further research suggested.

Suggested Citation

  • Michael D. Rogers, 2001. "Scientific and technological uncertainty, the precautionary principle, scenarios and risk management," Journal of Risk Research, Taylor & Francis Journals, vol. 4(1), pages 1-15, January.
    • Handle: RePEc:taf:jriskr:v:4:y:2001:i:1:p:1-15
    DOI: 10.1080/136698701455997
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    References listed on IDEAS

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    1. Elizabeth L. Anderson & Dale Hattis, 1999. "A. Uncertainty and Variability," Risk Analysis, John Wiley & Sons, vol. 19(1), pages 47-49, February.
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    Cited by:

    1. Alan Kennedy & Jonathon Brame & Taylor Rycroft & Matthew Wood & Valerie Zemba & Charles Weiss & Matthew Hull & Cary Hill & Charles Geraci & Igor Linkov, 2019. "A Definition and Categorization System for Advanced Materials: The Foundation for Risk‐Informed Environmental Health and Safety Testing," Risk Analysis, John Wiley & Sons, vol. 39(8), pages 1783-1795, August.
    2. Johannes Leitner, 2008. "Risk-adjusted value allocation for (non-traded) assets with performance ratios," Quantitative Finance, Taylor & Francis Journals, vol. 8(1), pages 93-102.
    3. Michael D. Rogers, 2003. "The European Commission's White Paper “Strategy for a Future Chemicals Policy”: A Review," Risk Analysis, John Wiley & Sons, vol. 23(2), pages 381-388, April.

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