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541 - Section on Risk Analysis P.M. Roundtable Discussion (Added Fee)
Type: Roundtables
Date/Time: Wednesday, August 2, 2017 : 12:30 PM to 1:50 PM
Sponsor: Section on Risk Analysis
Abstract #322718
Title: Risk in the Context of Regulation
Author(s): David Banks*
Companies: Duke University
Keywords: risk analysis ; subjective distributions ; coherence ; utility function ; cognitive biases ; cost-benefit analysis
Abstract:

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.


Authors who are presenting talks have a * after their name.

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