Abstract:
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Federal regulation revolves around perceptions of societal risk. But individuals and organizations have different levels of acceptable risks, and may hold very different beliefs about the probabilities of bad outcomes and the magnitude of adverse consequences. This roundtable discusses the problem of framing appropriate regulation when there are multiple stakeholders with different interests and beliefs. We shall also address the difficulty of distinguishing perceived risk from actual risk in several specific applications, such as GMOs, the Keystone pipeline, and driverless cars.
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