Low-Probability/High-Consequence Risks: Issues in Credibility and Acceptance

  • Jiri Nehnevajsa
Part of the Advances in Risk Analysis book series (AIRA, volume 2)

Abstract

Low-probability/high-consequence (LP/HC) risks present special policy problems. Policies driven by the consideration of low risk probabilities will, on the whole, lead to low investment strategies to prevent a hazard from being realized or to mitigate the hazard’s consequences. By comparison, policies driven by the consideration of high consequences, despite low probabilities, will lead to high levels of public investment. To better understand such policy conflicts it would be valuable if research could help determine whether people (1) are primarily and systematically sensitive to probabilities, or (2) are mainly affected by images of consequences.

Keywords

Nuclear Power Plant Risk Perception Nuclear Plant Nuclear Facility Major Accident 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 1984

Authors and Affiliations

  • Jiri Nehnevajsa
    • 1
  1. 1.University of PittsburghPittsburghUSA

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