V. K. Smith
The Economics of Environmental Risk: Information, Perception and Valuation
The Economics of Environmental Risk: Information, Perception and Valuation
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The Economics of Environmental Risk provides real-world examples of how risk information affects public choices, illustrating the need for policymakers to consider how people learn about risks. It offers insights into hazardous waste, radon, smoking, hurricanes, and terrorist threats over the past four decades and highlights the successes and failings of these choices.
Format: Hardback
Length: 392 pages
Publication date: 20 December 2022
Publisher: Edward Elgar Publishing Ltd
The Economics of Environmental Risk is a groundbreaking book that delves into the intricate relationship between risk information and public choices. It expertly demonstrates that policymakers must consider how individuals acquire and understand risks in order to make informed decisions. Through a comprehensive analysis of real-world examples spanning four decades, including hazardous waste, radon, smoking, hurricanes, and terrorist threats, this intuitive book vividly illustrates the nature of environmental risks and the choices made to mitigate their potential effects.
Providing a deep dive into the interplay between public policies and private choices, this book highlights the successes and failures of these decisions, recognizing the profound impact that choices can have on the hazards faced by society. It also sheds light on important lessons to be learned by officials responsible for providing information on risk and designing policies to manage them. Furthermore, the book explores how experts understand these risks and how the public interprets the information provided.
This informative volume is of immense value to scholars and students of public policy, risk analysis, environmental, and resource economics. Policymakers in risk and insurance, as well as risk management programs, will find this book an invaluable guide as they navigate the ever-changing landscape of environmental risks. By examining the economics behind these risks, The Economics of Environmental Risk offers valuable insights into how individuals and societies can make informed decisions to mitigate the potential consequences of environmental hazards.
Dimension: 244 x 169 (mm)
ISBN-13: 9781858985251
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