Classics in Risk Management 2 vols
Viscusi

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'Major government entities, banking and finance, insurance in particular and manufacturing and distribution entities would get clear value from these two fine reference works. They obviously have a major place in universities and institutions devoted to primary analysis but proffer such a broad field that to discount them may be taking a risk in itself.'- Geoffrey N. De Lacy, Australian Institute of Company Directors'Kip Viscusi's research has defined the rational economic approach to risk policy for nearly 25 years since his first book on the subject appeared in 1979. The Viscusi-Gayer two-volume set assembles a significant subset of the risk literature relying on the rational economic perspective.'- V. Kerry Smith, Arizona State University, USThis two-volume collection of key papers by leading scholars provides a comprehensive perspective on the evaluation and performance of risk regulation policies. An analysis of the statistical life provides the basis for an examination of the risk money tradeoffs reflected in individual decisions in the labour, product and housing markets and an investigation of how these concepts can be used to evaluate government regulatory policies, including the newly developed risk-risk analysis approach. The volumes also offer an assessment of the performance of government risk regulations and a comprehensive analysis of the formation of risk beliefs and the role of hazard warnings policies in fostering improved risk decisions.The editors have written an authoritative introduction which presents a review of the selected papers and identifies interesting topics for future research.