| dc.contributor.author | Johansson-Stenman, Olof | swe |
| dc.date.accessioned | 2006-12-14 | swe |
| dc.date.accessioned | 2007-02-09T11:15:57Z | |
| dc.date.available | 2007-02-09T11:15:57Z | |
| dc.date.issued | 2003 | swe |
| dc.identifier.issn | 1403-2465 | swe |
| dc.identifier.uri | http://hdl.handle.net/2077/2821 | |
| dc.description.abstract | Much psychological evidence suggests that people’s risk-perceptions are biased. This
paper assumes that public policy should intrinsically be concerned with people’s
expected welfare, rather than their preferences, which sometimes implies a degree of
paternalism. Still, expected welfare depends on both objective and subjective risks. The
latter are important through mental suffering associated with the risk, and through secondbest
considerations in decentralized markets where people make their own choices
between risky alternatives. Optimality rules for both public provision of risk-reducing
investments, and for provision of (costly) information to reduce people’s risk-perception
bias, are presented. | swe |
| dc.format.extent | 18 pages | swe |
| dc.format.extent | 60286 bytes | |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en | swe |
| dc.relation.ispartofseries | Working Papers in Economics, nr 93 | swe |
| dc.subject | Subjective risk; risk management; risk regulation | swe |
| dc.subject | risk-perception;information provision; cost-benefit analysis; paternalism | swe |
| dc.title | Should policy be concerned with
objective or subjective risks? | swe |
| dc.type.svep | Report | swe |
| dc.contributor.department | Department of Economics | swe |
| dc.gup.origin | Göteborg University. School of Business, Economics and Law | swe |
| dc.gup.epcid | 2665 | swe |
| dc.subject.svep | Economics | swe |
