You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Economics, Risk-Cost-Benefit Analysis, and the Linearity Assumption
K. S. Shrader-Frechette
PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association
Vol. 1982, Volume One: Contributed Papers (1982), pp. 217-232
Stable URL: http://www.jstor.org/stable/192669
Page Count: 16
You can always find the topics here!Topics: Death, Disease risk, Risk analysis, Business risks, Corporations, Risk aversion, Assessed values, Accidents, Scientific ethics, Probabilities
Were these topics helpful?See something inaccurate? Let us know!
Select the topics that are inaccurate.
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
An offshoot of decision analysis, risk-cost-benefit analysis (RCBA) dominates US policymaking regarding science and technology. In this paper a central normative presupposition of RCBA, called "the linearity assumption" is argued against. This is that there is a linear relationship between the actual probability of fatality and the value of avoiding a social risk or the cost of a social risk. The main object of this essay is to show that the presuppositions underlying the linearity assumption are highly questionable. It is maintained that assessors ought to give more consideration to broadening their interpretations of "unit cost" and "societal risk" and to abandoning their claims about linearity.
PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association © 1982 The University of Chicago Press