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Full-Text Articles in Consumer Protection Law
Revolt Against Regulation: The Rise And Pause Of The Consumer Movement, Michigan Law Review
Revolt Against Regulation: The Rise And Pause Of The Consumer Movement, Michigan Law Review
Michigan Law Review
A Review of Revolt Against Regulation: The Rise and Pause of the Consumer Movement by Michael Pertschuk
Adaptive Responses To Chemical Labeling: Are Workers Bayesian Decision Makers?, W. Kip Viscusi, Charles J. O'Conner
Adaptive Responses To Chemical Labeling: Are Workers Bayesian Decision Makers?, W. Kip Viscusi, Charles J. O'Conner
Vanderbilt Law School Faculty Publications
A fundamental issue in the economics of uncertainty is how individuals process information and make choices under uncertainty. In a recent analysis of the findings on risk perception, Kenneth Arrow (1982) concluded that the evidence regarding individual rationality was, at best, quite mixed. A prominent example of apparent irrationality of actual consumer behavior is that consumers, who presumably are risk averse, have failed to purchase heavily subsidized federal flood insurance. In the case of the market for hazardous jobs, which is the focus of this study, Viscusi (1979) found that workers' risk perceptions were positively correlated with the industry risk …