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Risk and Reason

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Listed:
  • Sunstein,Cass R.

Abstract

What should be done about airplane safety and terrorism, global warming, polluted water, nuclear power, and genetically engineered food? All over the globe, risks to safety, health, and the environment are a subject of intense interest. Too much of the time we fear the wrong things. Sometimes we make the situation even worse. Rather than investigating the facts, we respond to temporary fears. The result is a situation of hysteria and neglect - and unnecessary illness and death. Risk and Reason explains the sources of these problems and explores what can be done about them. It shows how individual thinking and social interactions lead us in foolish directions. Offering sound proposals for social reform, it explains how a more sensible system of risk regulation, embodied in the idea of a 'cost-benefit state', could save many thousands of lives and many billions of dollars too - and protect the environment in the process.

Suggested Citation

  • Sunstein,Cass R., 2004. "Risk and Reason," Cambridge Books, Cambridge University Press, number 9780521016254, March.
  • Handle: RePEc:cup:cbooks:9780521016254
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    References listed on IDEAS

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    1. Coase, R H, 1976. "Adam Smith's Views of Man," Journal of Law and Economics, University of Chicago Press, vol. 19(3), pages 529-546, October.
    2. Conybeare, John A C & Murdoch, James C & Sandler, Todd, 1994. "Alternative Collective-Goods Models of Military Alliances: Theory and Empirics," Economic Inquiry, Western Economic Association International, vol. 32(4), pages 525-542, October.
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    Citations

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    Cited by:

    1. Henrik Andersson & Petter Lundborg, 2007. "Perception of own death risk," Journal of Risk and Uncertainty, Springer, vol. 34(1), pages 67-84, February.
    2. Lorenzo Sacconi, 2011. "From individual responsibility to ÔsharedÕ social responsibilities: concepts for a new paradigm," Econometica Working Papers wp27, Econometica.
    3. Johansson-Stenman, Olof, 2008. "Mad cows, terrorism and junk food: Should public policy reflect perceived or objective risks?," Journal of Health Economics, Elsevier, vol. 27(2), pages 234-248, March.
    4. Soderbaum, Peter, 2007. "Issues of paradigm, ideology and democracy in sustainability assessment," Ecological Economics, Elsevier, vol. 60(3), pages 613-626, January.
    5. Sunstein, Cass R., 2013. "The value of a statistical life: some clarifications and puzzles," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 4(02), pages 237-261, August.
    6. Friehe, Tim & Langlais, Eric, 2015. "On the political economy of public safety investments," International Review of Law and Economics, Elsevier, vol. 41(C), pages 7-16.
    7. Treich, Nicolas, 2010. "The value of a statistical life under ambiguity aversion," Journal of Environmental Economics and Management, Elsevier, vol. 59(1), pages 15-26, January.
    8. Ram Ranjan & Jason F. Shogren, 2009. "Dynamic Endogenous Risks & Non-Expected Utility Behavior," Korean Economic Review, Korean Economic Association, vol. 25, pages 215-240.
    9. Andersson, Henrik & Lundborg, Petter, 2006. "Perception of Own Death Risk: An Analysis of Road-Traffic and Overall Mortality Risks," Working Papers 2006:1, Swedish National Road & Transport Research Institute (VTI).
    10. Alexandros-Andreas Kyrtsis, 2011. "Insurance of Techno-Organizational Ventures and Procedural Ethics: Lessons from the Deepwater Horizon Explosion," Journal of Business Ethics, Springer, vol. 103(1), pages 45-61, April.
    11. Johansson-Stenman, Olof, 2006. "Mad Cows, Terrorism and Junk Food: Should Public Policy Reflect Subjective or Objective Risks?," Working Papers in Economics 194, University of Gothenburg, Department of Economics.
    12. repec:dau:papers:123456789/3480 is not listed on IDEAS
    13. Cass Sunstein & Richard Zeckhauser, 2011. "Overreaction to Fearsome Risks," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 48(3), pages 435-449, March.
    14. Wayne Norman, 2011. "Business Ethics as Self-Regulation: Why Principles that Ground Regulations Should Be Used to Ground Beyond-Compliance Norms as Well," Journal of Business Ethics, Springer, vol. 102(1), pages 43-57, March.
    15. Sjöberg, Lennart, 2006. "Myths of the Psychometric Paradigm and how they can misinform risk communication," SSE/EFI Working Paper Series in Business Administration 2006:10, Stockholm School of Economics.
    16. Stephen R. Carpenter & Kenneth J. Arrow & Scott Barrett & Reinette Biggs & William A. Brock & Anne-Sophie Crépin & Gustav Engström & Carl Folke & Terry P. Hughes & Nils Kautsky & Chuan-Zhong Li & Geof, 2012. "General Resilience to Cope with Extreme Events," Sustainability, MDPI, Open Access Journal, vol. 4(12), pages 1-12, November.
    17. Waheed Hussain, 2009. "No More Lemmings, Please – Reflections on the Communal Authority Thesis," Journal of Business Ethics, Springer, vol. 88(4), pages 717-728, October.
    18. Horn, Henrik & Mavroidis, Petros C., 2009. "Burden of Proof in Environmental Disputes in the WTO: Legal Aspects," Working Paper Series 793, Research Institute of Industrial Economics.
    19. Shapiro, Stuart, 2008. "Evaluating the benefits and costs of regulatory reforms: What questions need to be asked?," Evaluation and Program Planning, Elsevier, vol. 31(3), pages 223-230, August.
    20. J.A. den Hertog, 2010. "Review of economic theories of regulation," Working Papers 10-18, Utrecht School of Economics.
    21. Courard-Hauri, David, 2004. "The effect of income choice on bias in policy decisions made using cost-benefit analyses," Ecological Economics, Elsevier, vol. 51(3-4), pages 191-199, December.
    22. Dennis Cooley, 2012. "Epistemic Closure’s Clash with Technology in New Markets," Journal of Business Ethics, Springer, vol. 108(2), pages 181-199, June.
    23. repec:eee:reensy:v:91:y:2006:i:1:p:100-111 is not listed on IDEAS

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