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The risk preferences of the general public regarding multiple fatalities in large scale accidents

Wilhelmsson, Alexander and Wulff, Olle (2007) In LUTVDG/TVBB--5198--SE VBR920
Division of Fire Safety Engineering
Risk Management and Safety Engineering (M.Sc.Eng.)
Division of Risk Management and Societal Safety
Abstract
The purpose of this thesis is to investigate whether the risk attitudes of experts in risk management, i.e. the group of experts participating in the study made by Abrahamsson and Johansson (2006), comply with the preferences of the general public. A major focus of the thesis is the development of the experimental setup, which is based on the trade off method developed by Wakker and Deneffe (1996). This includes investigation of biases associated with the method and of decision strategies used by the public while conducting the experiment. The results show that the public has a risk prone risk attitude, similar to the risk attitude of experts in risk management.
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author
Wilhelmsson, Alexander and Wulff, Olle
supervisor
organization
course
VBR920
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Risk preference, risk attitude, utility, trade off method, number of fatalities, the general public
publication/series
LUTVDG/TVBB--5198--SE
report number
5198
ISSN
1402-3504
language
English
id
1688979
date added to LUP
2011-01-20 16:57:26
date last changed
2014-03-10 10:40:34
@misc{1688979,
  abstract     = {The purpose of this thesis is to investigate whether the risk attitudes of experts in risk management, i.e. the group of experts participating in the study made by Abrahamsson and Johansson (2006), comply with the preferences of the general public. A major focus of the thesis is the development of the experimental setup, which is based on the trade off method developed by Wakker and Deneffe (1996). This includes investigation of biases associated with the method and of decision strategies used by the public while conducting the experiment. The results show that the public has a risk prone risk attitude, similar to the risk attitude of experts in risk management.},
  author       = {Wilhelmsson, Alexander and Wulff, Olle},
  issn         = {1402-3504},
  keyword      = {Risk preference,risk attitude,utility,trade off method,number of fatalities,the general public},
  language     = {eng},
  note         = {Student Paper},
  series       = {LUTVDG/TVBB--5198--SE},
  title        = {The risk preferences of the general public regarding multiple fatalities in large scale accidents},
  year         = {2007},
}