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Hazards Technology and Fairness (1986) / Chapter Skim
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Pages 50-50

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From page 50...
... The conservative practice of using upper-confidence-bound risk estimates leads to the first-order effect of overinvestment in risk control, but also leads to a lower human health risk. Resource Constraints and Risk Management Are national health and safety expenditures limited in the aggregate, or are they variable, depending on the outcome of many independent riskmanagement decisions?
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Key Terms

  • risk estimates
  • conservative risk
  • social costs
  • regulatory attention
  • resource constraints

  • risk control
  • health risk
  • risk estimate


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