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What Is a Fair Distribution of Risk?

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Handbook of Risk Theory

Abstract

What is a fair distribution of risk? This chapter will look into three separate, but related, aspects of fairness in risk distributions. Firstly, I will locate the object of fairness when it comes to risk distribution. In contrast to distributions of goods, which we want to both increase and distribute fairly, risks are something we want to decrease and distribute fairly. The question of fairness in risk distributions is the question of how to combine these two partially conflicting claims; to fairness on the one hand and to risk reduction on the other. Secondly, I will take a closer look at what an equal distribution of chances for harm might be. I will point to the problem that the very idea of distributing probabilities entails. Thirdly, I address the question of when deviations from equal distributions of risks may be justified and how such inequalities can be addressed in a fair way. It will be suggested that the locus of fairness of risk should be sought in two steps: (1) the justification of particular risky activities, where the level of risk and the spread of that risk is taken into account, and (2) that any resulting higher risk for certain groups or individuals should be addressed through a combination of consent, precaution, and compensation, seeking to even out unfair exposure.

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Correspondence to Madeleine Hayenhjelm .

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Hayenhjelm, M. (2012). What Is a Fair Distribution of Risk?. In: Roeser, S., Hillerbrand, R., Sandin, P., Peterson, M. (eds) Handbook of Risk Theory. Springer, Dordrecht. https://doi.org/10.1007/978-94-007-1433-5_36

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  • DOI: https://doi.org/10.1007/978-94-007-1433-5_36

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-007-1432-8

  • Online ISBN: 978-94-007-1433-5

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