Citizens often misperceive the nature of risks they face and the impacts of alternative actions on those risks. For example, consumers may underestimate the probability of flood in their area, or they may underestimate the beneficial effect of passive restraints on the likelihood of automobile...

The analysis of a world of equals model, while admittedly unrealistic, did yield several new and interesting theorems, especially theorems 4, 5, and 6. The tendencies described by these models continue to hold in some cases in which populations are not perfectly homogeneous. One may conjecture...

Most supply and demand problems facing an area hit by a natural disaster are generally short-run in nature because of the aid forth-coming from outside regions. Even when the threat of shortages does exist, the concern of residents in the community for the plight of others helps to minimize...