Overreaction to fearsome risks /

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Bibliographic Details
Author / Creator:	Sunstein, Cass R.
Imprint:	[Chicago, Ill.] : Law School, University of Chicago, 2008.
Description:	1 online resource (16 p.).
Language:	English
Series:	John M. Olin law & economics working paper ; no. 446 (2d series) Public law and legal theory working paper ; no. 253 John M. Olin Program in Law & Economics working paper ; 2nd ser., v. 446. Public law and legal theory working paper ; no. 253.
Subject:	Risk perception. Risk management. Risk -- Sociological aspects. Risk management. Risk perception. Risk -- Sociological aspects.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/7920668

Hidden Bibliographic Details
Other authors / contributors:	Zeckhauser, Richard. University of Chicago. Law School.
Notes:	Title from online tite page (viewed Feb. 4, 2010). "December 2008." Includes bibliographical references.
Summary:	"Fearsome risks are those that stimulate strong emotional responses. Such risks, which usually involve high consequences, tend to have low probabilities, since life today is no longer nasty, brutish and short. In the face of a low-probability fearsome risk, people often exaggerate the benefits of preventive, risk-reducing, or ameliorative measures. In both personal life and politics, the result is damaging overreactions to risks. We offer evidence for the phenomenon of probability neglect, failing to distinguish between high and low-probability risks. Action bias is a likely result."

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