| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7243710 | Journal of Economic Behavior & Organization | 2013 | 15 Pages |
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.
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Economics and Econometrics
Authors
Simon Grant, John Quiggin,