Risk preferences regarding multiple fatalities and some implications for societal risk decision making-an empirical study
(2006) In Journal of Risk Research 9(7). p.703-715- Abstract
- Risk preferences related to accidents or other situations involving the possibility of multiple fatalities were studied in 87 persons in Sweden belonging to two separate groups with professional or educational knowledge of risk- and crisis-management issues. Use was made of a tradeoff method, the results obtained consisting of von Neuman-Morgenstern utility functions over the range of 0-1000 fatalities. Most of the utility curves for the number of fatalities were found to be convex, implying the majority of subjects to display risk-seeking behaviour. Implications of the findings for societal risk decision making are discussed, along with prospective areas of application and the possibilities of considering other dimensions than the number... (More)
- Risk preferences related to accidents or other situations involving the possibility of multiple fatalities were studied in 87 persons in Sweden belonging to two separate groups with professional or educational knowledge of risk- and crisis-management issues. Use was made of a tradeoff method, the results obtained consisting of von Neuman-Morgenstern utility functions over the range of 0-1000 fatalities. Most of the utility curves for the number of fatalities were found to be convex, implying the majority of subjects to display risk-seeking behaviour. Implications of the findings for societal risk decision making are discussed, along with prospective areas of application and the possibilities of considering other dimensions than the number of fatalities. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/609071
- author
- Abrahamsson, Marcus LU and Tehler, Henrik LU
- organization
- publishing date
- 2006
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Societies and institutions, Function evaluation, Decision making, Health risks, Social aspects, Risk assessment, Accident prevention
- in
- Journal of Risk Research
- volume
- 9
- issue
- 7
- pages
- 703 - 715
- publisher
- Routledge
- external identifiers
-
- wos:000242214400001
- scopus:33750050550
- ISSN
- 1366-9877
- DOI
- 10.1080/13669870600799853
- language
- English
- LU publication?
- yes
- id
- 7111c096-6278-42af-a320-5bd073fb2591 (old id 609071)
- date added to LUP
- 2016-04-01 12:36:49
- date last changed
- 2022-04-13 21:22:47
@article{7111c096-6278-42af-a320-5bd073fb2591,
abstract = {{Risk preferences related to accidents or other situations involving the possibility of multiple fatalities were studied in 87 persons in Sweden belonging to two separate groups with professional or educational knowledge of risk- and crisis-management issues. Use was made of a tradeoff method, the results obtained consisting of von Neuman-Morgenstern utility functions over the range of 0-1000 fatalities. Most of the utility curves for the number of fatalities were found to be convex, implying the majority of subjects to display risk-seeking behaviour. Implications of the findings for societal risk decision making are discussed, along with prospective areas of application and the possibilities of considering other dimensions than the number of fatalities.}},
author = {{Abrahamsson, Marcus and Tehler, Henrik}},
issn = {{1366-9877}},
keywords = {{Societies and institutions; Function evaluation; Decision making; Health risks; Social aspects; Risk assessment; Accident prevention}},
language = {{eng}},
number = {{7}},
pages = {{703--715}},
publisher = {{Routledge}},
series = {{Journal of Risk Research}},
title = {{Risk preferences regarding multiple fatalities and some implications for societal risk decision making-an empirical study}},
url = {{http://dx.doi.org/10.1080/13669870600799853}},
doi = {{10.1080/13669870600799853}},
volume = {{9}},
year = {{2006}},
}