Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?

The precautionary principle (PP) has been proposed as the proper guide for the decision‐making criteria to be adopted in the face of the new catastrophic risks that have arisen in the last decades. This article puts forward a workable definition of the PP based on the so‐called α‐maximin expected ut...

Full description

Bibliographic Details
Published in:Risk Analysis
Main Authors: Marcello Basili, Maurizio Franzini
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Avian flu
Online Access:https://doi.org/10.1111/j.1539-6924.2006.00761.x
id ftrepec:oai:RePEc:wly:riskan:v:26:y:2006:i:3:p:617-630
record_format openpolar
spelling ftrepec:oai:RePEc:wly:riskan:v:26:y:2006:i:3:p:617-630 2023-05-15T15:34:13+02:00 Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure? Marcello Basili Maurizio Franzini https://doi.org/10.1111/j.1539-6924.2006.00761.x unknown https://doi.org/10.1111/j.1539-6924.2006.00761.x article ftrepec https://doi.org/10.1111/j.1539-6924.2006.00761.x 2020-12-04T13:40:56Z The precautionary principle (PP) has been proposed as the proper guide for the decision‐making criteria to be adopted in the face of the new catastrophic risks that have arisen in the last decades. This article puts forward a workable definition of the PP based on the so‐called α‐maximin expected utility approach, applying it to the possible outbreak of the avian flu disease among humans. Moreover, it shows how the shortage and/or lack of effective drugs against the infection of the virus A(H5N1) among humans can be considered a precautionary failure. Article in Journal/Newspaper Avian flu RePEc (Research Papers in Economics) Risk Analysis 26 3 617 630
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description The precautionary principle (PP) has been proposed as the proper guide for the decision‐making criteria to be adopted in the face of the new catastrophic risks that have arisen in the last decades. This article puts forward a workable definition of the PP based on the so‐called α‐maximin expected utility approach, applying it to the possible outbreak of the avian flu disease among humans. Moreover, it shows how the shortage and/or lack of effective drugs against the infection of the virus A(H5N1) among humans can be considered a precautionary failure.
format Article in Journal/Newspaper
author Marcello Basili
Maurizio Franzini
spellingShingle Marcello Basili
Maurizio Franzini
Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?
author_facet Marcello Basili
Maurizio Franzini
author_sort Marcello Basili
title Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?
title_short Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?
title_full Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?
title_fullStr Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?
title_full_unstemmed Understanding the Risk of an Avian Flu Pandemic: Rational Waiting or Precautionary Failure?
title_sort understanding the risk of an avian flu pandemic: rational waiting or precautionary failure?
url https://doi.org/10.1111/j.1539-6924.2006.00761.x
genre Avian flu
genre_facet Avian flu
op_relation https://doi.org/10.1111/j.1539-6924.2006.00761.x
op_doi https://doi.org/10.1111/j.1539-6924.2006.00761.x
container_title Risk Analysis
container_volume 26
container_issue 3
container_start_page 617
op_container_end_page 630
_version_ 1766364697120997376

Similar Items