JUS 444 Lecture February 17

JUS 444 Lecture February 17 - publics cognitive maps of...

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JUS 444 Lecture February 17, 2011 Expected Utility Theory of Risk: Umbrella Example: 60% sun, 40% rain, which maximizes utility Underlying tenants of rationality Bounded rationality; recognizes human cognitive limitations in decision making (leave umbrella behind) “Satisficing” vs. Optimizing Probabilistic Information Processing Distortions; Perceptions of Randomness; the “gambler’s fallacy” we don’t perceive randomness correctly oftenly Judgement of Probability by Availability; more likely k in beginning or in 3 rd position of a word Psychometric Theory of Risk: uses experimental & and quantitative techniques to produce the
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Unformatted text preview: publics cognitive maps of risk perception Active Use of doubt; prove we wont be aeffected instead of proving that we are effected. World Risk Society: Power of Private Corporations; only responsibility is to shareholders not to the general public. Democratization of Risk Risk Society Critiques Natural hazards vs. Manufactured Risks- Natural and soial have always been intertwined Assumption of risk as a universalizing principle fails to recognize that poverty magnetizes risk Unconditionally of risk; risk can have positive benefits....
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This note was uploaded on 01/07/2012 for the course JUS 444 taught by Professor Kelley during the Spring '10 term at ASU.

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