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Hazards Technology and Fairness (1986) / Chapter Skim
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Pages 150-150

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From page 150...
... For example, if residents fail to buy insurance in a 100-year floodplain, knowing that the probability of at least one flood during the next 25 years is .22 might induce them to pay attention to the potential consequences and to avail themselves of protective mechanisms. People's reluctance to wear seat belts voluntarily might also be due to the extremely small probability of incurring a fatal accident on a single automo


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