Bounded awareness, heuristics and the Precautionary Principle

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2013
Volume: 93
Issue: C
Pages: 17-31

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The Precautionary Principle has been proposed as a basis for making decisions about environmental issues but remains controversial. Using a model of inductively justified propositions about awareness, this paper shows how the Precautionary Principle may be interpreted as a heuristic guide for boundedly rational decision-makers faced with the possibility of unfavorable surprises.

Technical Details

RePEc Handle
repec:eee:jeborg:v:93:y:2013:i:c:p:17-31
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25