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 alpha-maximin expecte...

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Bibliographic Details
Published in:Risk Analysis
Main Authors: Marcello Basili, FRANZINI, MAURIZIO
Other Authors: Marcello, Basili, Franzini, Maurizio
Format: Article in Journal/Newspaper
Language:English
Published: BLACKWELL PUBLISHING 2006
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Online Access:http://hdl.handle.net/11573/93305
https://doi.org/10.1111/j.1539-6924.2006.00761.x
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Summary: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 alpha-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.