the case with toxic torts. Risk aversion and ambiguity aversion tend to have a similar impact on optimal liability rules … liability dominates negligence when the injurer has lower degrees of risk and ambiguity aversion than the victim and can … standard risk and ambiguity. Ambiguity arises when the causal link between conduct and harm is not univocal, as is frequently …

This paper analyzes the meaning of comparing the economic performance of strict liability and negligence rule in a … injurers form beliefs. It shows first that, when the Court agrees with the regulator, whatever the liability regime, the first …, judge and regulator disagree, it is impossible to discriminate among liability standards because the issue depends on the …

"Preface I did not want to write this book. I wanted to buy it. Risk analysis is mature enough that it needs a … principles text. There are many wonderful books available on the subject of risk. In fact, for years, in the training I have done … students and professionals to the integrated topic of risk analysis. I never found it. So, I decided to go ahead and write it …