The risk preferences of the general public regarding multiple fatalities in large scale accidents
(2007) In LUTVDG/TVBB--5198--SE VBR920Division 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.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1688979
- author
- Wilhelmsson, Alexander and Wulff, Olle
- supervisor
- organization
- course
- VBR920
- year
- 2007
- 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
- 2020-12-03 14:26:05
@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}}, 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}}, }