Ideally, it would be desirable if we could all adopt a high-minded commitment to a risk-free existence. Unfortunately, such an objective is beyond our reach--politicians who advocate higher taxes rarely get elected and economists who indicate that our resources are limited are often portrayed as purveyors of pessimism. Fatal Tradeoffs culminates and synthesizes the research of the government's expert on the value of life and risk regulation. This volume presents Viscusi's work in the social regulation of risk, this volume covers topics relating to the value and empirical estimates of life, the rationality of individual responses to risk, and the role of government policy. In addition to a careful selection of his writings, Fatal Tradeoffs includes a new survey of the value-of-life literature, a review of the 1980s regulatory reforms, and guidelines for risk policy. Balanced with case studies, the more technical articles have been opened to include policy ramifications, making the text accessible to professionals and academics alike.
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Book Description
Editorial Reviews
Review
"Essential reading for anyone who wants the most current information and assessment of this important subject."--Sherwin Rosen, University of Chicago
"Viscusi's Fatal Tradeoffs will be the classic of modern risk analysis."--William A. Niskanen, Chairman, Cato Institute
About the Author
W. Kip Viscusi is at Duke University.
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5.0 out of 5 stars
Timely and Timeless,
By ryn76 (Massachusetts) - See all my reviews
This review is from: Fatal Tradeoffs: Public and Private Responsibilities for Risk (Paperback)
Professor Viscusi is, in the best of academic traditions, a keenly independent thinker who is also a do-er. I do not expect to ever understand the mathematics. Nevertheless, his ability to explicate and summarize --in plain English-- complex, sophisticated concepts about risk, how we evaluate it, and how we perceive it has made me an ardent admirer. Young economists / policy-makers, please take note: He is at Vanderbilt and would be an original and rigorous collaborator/mentor.
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Inside This Book
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First Sentence:
Traditionally, issues pertaining to the valuation of human life had been treated as strictly moral concepts, not matters to be degraded through economic analysis of choices and tradeoffs. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
home accident rate, workday accident rate, byssinosis cases, safety cap requirements, optimal insurance amount, expected utility locus, social insurance efforts, reference risk level, cotton dust regulation, using labor market data, textile mill products industry, perceptional biases, standard expected utility model, cotton dust standard, insecticide inhalation, nonfatal risks, safety cap bottles, analgesic poisonings, product liability awards, total lost workdays, regulatory oversight process, cotton dust case, tradeoff rates, prospective reference theory, poisoning rate Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Supreme Court, Council of Economic Advisors, Department of Labor, National Safety Council, Panel Study of Income, White House, Bureau of Labor Statistics, Current Population, Health Regulation, Centaur Associates, Clean Air Act, Consumer Product Safety Commission, Presidential Task Force, New York Times, Reforms of Health, Society of Actuaries, Department of Commerce, Environmental Protection Agency, Fatal Tradeoffs, Surgeon General, Anne Gorsuch, Fatality Survey, Federal Aviation Administration, Federal Register New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Traditionally, issues pertaining to the valuation of human life had been treated as strictly moral concepts, not matters to be degraded through economic analysis of choices and tradeoffs. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
home accident rate, workday accident rate, byssinosis cases, safety cap requirements, optimal insurance amount, expected utility locus, social insurance efforts, reference risk level, cotton dust regulation, using labor market data, textile mill products industry, perceptional biases, standard expected utility model, cotton dust standard, insecticide inhalation, nonfatal risks, safety cap bottles, analgesic poisonings, product liability awards, total lost workdays, regulatory oversight process, cotton dust case, tradeoff rates, prospective reference theory, poisoning rate Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Supreme Court, Council of Economic Advisors, Department of Labor, National Safety Council, Panel Study of Income, White House, Bureau of Labor Statistics, Current Population, Health Regulation, Centaur Associates, Clean Air Act, Consumer Product Safety Commission, Presidential Task Force, New York Times, Reforms of Health, Society of Actuaries, Department of Commerce, Environmental Protection Agency, Fatal Tradeoffs, Surgeon General, Anne Gorsuch, Fatality Survey, Federal Aviation Administration, Federal Register New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 53
books:
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37
books
cite this book:
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- Accident Facts by National Safety Council on page 228, and Back Matter
- Regulatory Reform: What Actually Happened by Leonard Weiss in Back Matter (1), and Back Matter (2)
- RES PUB POL ANAL VOL 9 (Research in Public Policy Analysis and Management) by NAGEL in Front Matter, and Back Matter
- Bandit Problems: Sequential Allocation of Experiments (Monographs on Statistics and Applied Probability) (Population and Community Biology (Chapman & Hall)) by Donald A. Berry on page 292
- Decision Analysis: Introductory Lectures on Choices Under Uncertainty by Howard Raiffa in Back Matter
See all 53 books this book cites
- Risks, Costs, and Lives Saved: Getting Better Results from Regulation by Robert W. Hahn on 4 pages
- Cost-Benefit Analysis: Economic, Philosophical, and Legal Perspectives by Matthew D. Adler on page 14, and page 300
- Can Gun Control Work? (Studies in Crime and Public Policy) by James B. Jacobs in Back Matter (1), and Back Matter (2)
- Economics of the Energy Industries: Second Edition by William Spangar Peirce on page 276, and Back Matter
- Taming Regulation: Superfund and the Challenge of Regulatory Reform by Robert T. Nakamura in Back Matter (1), and Back Matter (2)
See all 37 books citing this book
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