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Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures

W. Kip Viscusi

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293637
eISBN:
9780191596995
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198293631.001.0001
Subject:
Economics and Finance, Microeconomics

Ideally, individual risk‐taking decisions and government risk policies should be based on a rational balancing of risk and cost. Unfortunately, private decisions are subject to a number of biases ... More


Liability and Social Insurance

W. Kip Viscusi

in Rational Risk Policy: The 1996 Arne Ryde Memorial Lectures

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293637
eISBN:
9780191596995
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293631.003.0007
Subject:
Economics and Finance, Microeconomics

The estimates of the value of life provide a basis for assessing the appropriate level of safety but not for providing compensation to victims. The proper use of value‐of‐life estimates is ... More


The Unfolding of a Predictable Defined Benefit Surprise

Sylvester J. Schieber

in The Predictable Surprise: Unraveling the U.S. Retirement System

Published in print:
2012
Published Online:
April 2015
ISBN:
9780199890958
eISBN:
9780190261382
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199890958.003.0018
Subject:
Economics and Finance, Microeconomics

This chapter examines the evolution of price-to-earnings ratios for corporate stocks in the United States from 1981 through the third quarter of 2010. It shows that from the time policymakers started ... More


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