Vorschlage zum technischen Risikomanagement aus der Sicht der Okonomik. (With English summary.)
The Probabilistic Risk Analysis (PRA) uses the popular product formula as a frame of reference for measuring technological risks. If based upon this calculus, the ambivalent assessment of technological risks prevailing in society seems to be non-rational and may not be explained by economic theory. But the product formula does not conform to rational behavior if decision makers behave as risk adverse individuals. Risk aversion explains in part the weak acceptance of some modern technologies by the public as deplored by technicians. Further economic arguments drawn from modern portfolio theory lead to a more comprehensive understanding of risk assessment. It seems useful that technicians recognize these insights in their efforts to develop new, and improved old, technologies. Copyright 1991 by WWZ and Helbing & Lichtenhahn Verlag AG
Year of publication: |
1991
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Authors: | Erdmann, Georg |
Published in: |
Kyklos. - Wiley Blackwell, ISSN 0023-5962. - Vol. 44.1991, 3, p. 383-409
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Publisher: |
Wiley Blackwell |
Saved in:
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