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Elicitation of Decision‐Makers’Preferences for Management of Major Hazards

Author

Listed:
  • P. Hubert
  • M.H. Barny
  • J. P. Moatti

Abstract

A survey has been conducted among decision‐makers from the urban area of Lyon (France). It aimed at elicitating attitudes toward industrial risk, with an emphasis on major hazards. The sample was quite small (23 individuals), but most of the actual decision‐makers of the area belonged to it. A questionnaire allowed to look at the weights that are given to “catastrophic accidents,” when compared to more usual ones. It showed that decision‐makers are strongly “adverse to catastrophes.” The findings support many risk management approaches that are based on assigning an “extra weight” to potential accidents that may cause a high number of casualties.

Suggested Citation

  • P. Hubert & M.H. Barny & J. P. Moatti, 1991. "Elicitation of Decision‐Makers’Preferences for Management of Major Hazards," Risk Analysis, John Wiley & Sons, vol. 11(2), pages 199-206, June.
    • Handle: RePEc:wly:riskan:v:11:y:1991:i:2:p:199-206
    DOI: 10.1111/j.1539-6924.1991.tb00596.x
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    References listed on IDEAS

    as
    1. Sarah Lichtenstein & Paul Slovic, 1973. "Response-induced reversals of preference in gambling: An extended replication in las vegas," Framed Field Experiments 00169, The Field Experiments Website.
    2. Grether, David M & Plott, Charles R, 1979. "Economic Theory of Choice and the Preference Reversal Phenomenon," American Economic Review, American Economic Association, vol. 69(4), pages 623-638, September.
    3. Philippe Hubert & Pierre Pagès, 1989. "Risk Management for Hazardous Materials Transportation: A Local Study in Lyons," Risk Analysis, John Wiley & Sons, vol. 9(4), pages 445-451, December.
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