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Primer on Environmental Risk Analysis, A

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  • Jason F. Shogren

Abstract

Throughout history, hazardous material has represented a risk to individuals. The task of regulating risk can be overwhelming. A regulator must interpret and coordinate a wide variety of information from experts and the lay public. To aid the regulator, the loosely coordinated field of environmental risk analysis has evolved. This paper provides a nontechnical examination of the four steps in the analysis of risks associated with an environmental hazard. The steps are (1) risk assessment--the use of scientific data to quantify risk, (2) risk perception--the manner in which individuals or societies perceive risk, (3) risk valuation--monetary valuation of reductions in risk, and (4) risk management--controlling risk in the "best" interests of societies. Each step is examined in terms of its tasks and possible problems. The paper provides a reference for regulators who must understand both the insights and the limitations of environmental risk analysis.

Suggested Citation

  • Jason F. Shogren, 1990. "Primer on Environmental Risk Analysis, A," Center for Agricultural and Rural Development (CARD) Publications 90-sr46, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:90-sr46
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    1. repec:pal:eurjdr:v:29:y:2017:i:3:d:10.1057_s41287-017-0077-4 is not listed on IDEAS
    2. Scott M. Swinton & Braeden Deynze, 2017. "Hoes to Herbicides: Economics of Evolving Weed Management in the United States," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 29(3), pages 560-574, July.

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