Fatal Tradeoffs: Public and Private Responsibilities for Risk.
Reason › Vol. 25 Nbr. 6, November 1993
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Fatal Tradeoffs: Public and Private Responsibilities for Risk.
Life is replete with hazards to our physical and mental health. Eventually, one or a combination of them will kill each of us. Some of these risks (including the chance of getting beaned by a baseball, rocked in a roller coaster, or dumped by a date) are "goods": We "consume" them, and in important ways they help make life worth living. But other risks are "bads," in the sense that people are willing to incur costs to reduce the likelihood of their occurrence.
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