Abstract
Societal risk management decisions are usually made by multiple participants and reflect the interests of multiple stakeholders with partially conflicting interests and beliefs. The participants interact through decision processes in which individual proposals, choices, offers, commitments, and actions or behaviors are iteratively modified until an outcome is reached. Examples of such decision processes include contracts, negotiation (with or without arbitration), auctions, voting, tort liability systems, regulation, market processes and legislative politics.
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© 2002 Springer Science+Business Media New York
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Cox, L.A. (2002). Multi-Party Risk Management Decision Processes. In: Risk Analysis Foundations, Models, and Methods. International Series in Operations Research & Management Science, vol 45. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-0847-2_8
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DOI: https://doi.org/10.1007/978-1-4615-0847-2_8
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5268-6
Online ISBN: 978-1-4615-0847-2
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