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Publication Information

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Title: Valuing risks to the environment

Author: Gregory, Robin; Brown, Thomas C.; Knetsch, Jack L.

Date: 1996

Source: Annals of the American Academy of Political and Social Science. 545(1):54-63

Publication Series: Miscellaneous Publication

Description: Increasing awareness of exposure to environmental risks has focused attention on measures that would give greater assurance that such risks are effectively managed and that the adverse consequences of risky activities are mitigated. Implementing such actions is made more difficult by the uncertainties of environmental changes, their often delayed impacts, the great importance attached to extremely small risks, and the lack of clear measures of the values of environmental losses. Findings from recent behavioral studies of people's time preferences, valuations of losses relative to gains, and risk perceptions are providing information that should lead to more effective risk management strategies.

Keywords: environmental change, environmental risks, environmental values, risk management

Publication Notes:

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  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
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Citation:


Gregory, Robin; Brown, Thomas C.; Knetsch, Jack L. 1996. Valuing risks to the environment. Annals of the American Academy of Political and Social Science. 545(1):54-63

 


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