This book is the culmination and synthesis of Viscusi's distinguished work in the social regulation of risk. It covers issues relating to the value of life, empirical estimates of the value of life, the rationality of individual responses to risk, the effect of government risk regulation...

Rational Risk Policy is based on Viscusi's Arne Ryde Memorial Lectures, delivered at Lund University in 1996. The organizing principle of these lectures is that the irrationality of individual decisions is often embodied in government regulations. Rather than overcoming the inadequacies in...