Risk and uncertainty
This paper presents an overview of the risk literature, concentrating on general approaches to risk analysis and risk assessment. We believe that this is an essential first step towards the setting of guidelines or the adoption of a regulatory procedure for all situations where risk to humans and their environment is involved. We have used the term environmental risk to encompass these situations. Of necessity, political risk is also a factor.
Keywordsrisk assessment; decision making; environmental economics; decision theory; microeconomics; risk management
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