Bounded awareness, heuristics and the Precautionary Principle

Grant, Simon and Quiggin, John (2013) Bounded awareness, heuristics and the Precautionary Principle. Journal of Economic Behavior & Organization, 93 17-31. doi:10.1016/j.jebo.2013.07.007

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Author Grant, Simon
Quiggin, John
Title Bounded awareness, heuristics and the Precautionary Principle
Journal name Journal of Economic Behavior & Organization   Check publisher's open access policy
ISSN 0167-2681
Publication date 2013-09
Year available 2013
Sub-type Article (original research)
DOI 10.1016/j.jebo.2013.07.007
Open Access Status
Volume 93
Start page 17
End page 31
Total pages 15
Place of publication Amsterdam, The Netherlands
Publisher Elsevier BV * North-Holland
Collection year 2014
Language eng
Formatted 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
Keyword Precautionary Principle
Unawareness
Bounded rationality
Induction
Interactive Unawareness
Ecological Rationality
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 3 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 4 times in Scopus Article | Citations
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Created: Sun, 24 Nov 2013, 00:06:46 EST by System User on behalf of School of Economics