Perceived risk: Psychological factors and social implications
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Date
1981
Authors
Slovic, Paul
Fischhoff, Baruch
Lichtenstein, Sarah
Journal Title
Journal ISSN
Volume Title
Publisher
The Royal Society
Abstract
Subjective judgments, whether by experts or lay people, are a major component in any risk assessment. If such judgments are faulty, risk management efforts are likely to be misdirected. This paper begins with an analysis of biases exhibited by lay people and experts when they make judgments about risk. Next the similarities and differences between lay and expert evaluations are examined in the context of a specific set of hazardous activities and technologies. Finally, insights from this research are applied to the problems of informing people about risk and forecasting public response towards nuclear power.
Description
32 pages
Keywords
Risk analysis, Judgment, Nuclear power
Citation
Slovic, P., Fischhoff, B., & Lichtenstein, S. (1981). Perceived risk: Psychological factors and social implications. In F. Warner & D. H. Slater (Eds.), The assessment and perception of risk (pp. 17-34). London: The Royal Society.