Decision Theory and De Minimis Risk

Why De Minimis?

De minimis risk: a proposal for a new category of research risk.

De Minimis Risk: A Proposal for a New Category of Research Risk Rosamond Rhodes a , Jody Azzouni b , Stefan Bernard Baumrin c , Keith Benkov a , Martin J. Blaser d , Barbara Brenner a , Joseph W. Dauben c , William J. Earle c , Lily Frank c , Nada Gligorov a , Joseph Goldfarb a , Kurt Hirschhorn a , Rochelle Hirschhorn d , Ian Holzman a , Debbie Indyk a , Ethylin Wang Jabs a , Douglas P. Lackey...

Risk management in urban tunnels using methods of game theory and multi-criteria decision-making

In general, underground spaces are associated with high risks because of their high uncertainty in geotechnical environments. Since most accidents and incidents in these structures are often associated with uncertainty, the development of risk analysis and management methods and prevention of accidents are essential. A deeper recognition of the factors affecting the implementation process can p...

Risk, ambiguity and quantum decision theory

In the present article we use the quantum formalism to describe the effects of risk and ambiguity in decision theory. The main idea is that the probabilities in the classic theory of expected utility are estimated probabilities, and thus do not follow the classic laws of probability theory. In particular, we show that it is possible to use consistently the classic expected utility formula, wher...

De minimis curat lex: New Zealand law and the challenge of the very small

In 2010, the New Zealand Government commissioned a review on the ability of New Zealand's regulatory systems to manage the potential health, safety and environmental risks posed by manufactured nanomaterials. Whilst some of the gaps identified by this review are specific to New Zealand's regulatory arrangements, other potential gaps are common to regulators in different jurisdictions. Scientifi...