dc.contributor.author | Viscusi, W. Kip | |
dc.contributor.author | Viscusi, W. Kip | |
dc.date.accessioned | 2015-06-05T17:40:44Z | |
dc.date.available | 2015-06-05T17:40:44Z | |
dc.date.issued | 1985 | |
dc.identifier.citation | 75 American Economic Review 381 (1985) | en_US |
dc.identifier.uri | http://hdl.handle.net/1803/7084 | |
dc.description | article published in economic review | en_US |
dc.description.abstract | There has been increasing interest in whether normative models of individual choice under uncertainty accord with actual behavior. These concerns have been much greater than in other economic contexts because of the particularly severe demands such decisions place on the rationality of the decision maker. The limitations of these decisions have widespread consequences, as they provide the rationale for many governmental efforts to regulate the risks people face. Here I explore the issues raised by a Bayesian decision framework, focusing particularly on my analyses of worker and consumer behavior. | en_US |
dc.format.extent | 1 PDF (7 pages) | en_US |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | American Economic Review | en_US |
dc.subject | Risk regulation | en_US |
dc.subject | Risks | en_US |
dc.subject.lcsh | Decision making | en_US |
dc.subject.lcsh | Consumer behavior | en_US |
dc.subject.lcsh | Bayesian statistical decision theory | en_US |
dc.subject.lcsh | Rational choice theory | en_US |
dc.subject.lcsh | Safety regulations -- United States | en_US |
dc.subject.lcsh | Product safety -- Law and legislation -- United States | en_US |
dc.subject.lcsh | Industrial safety -- Law and legislation -- United States | en_US |
dc.subject.lcsh | Organizational behavior | en_US |
dc.title | Are Individuals Bayesian Decision Makers? | en_US |
dc.type | Article | en_US |