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Justifying precautionary policies: Incommensurability and uncertainty

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  • Aldred, Jonathan

Abstract

When decisions are taken in conditions of Keynesian or Knightian uncertainty, and when there is a threat of serious or irreversible environmental damage, the Precautionary Principle is often recommended to guide decision-making. However, the Precautionary Principle has been widely criticised. In response to these criticisms, a qualitative version of the Precautionary Principle is developed which draws its normative content from a blend of formal decision theory and political philosophy. It is argued that precautionary action can be justified by some flexible combination of uncertainty and incommensurability. The ‘greater’ the uncertainty, the ‘less’ incommensurability is required to justify precautionary action, and vice versa. Throughout the paper, the arguments are explored using the example of climate change decision problems.

Suggested Citation

  • Aldred, Jonathan, 2013. "Justifying precautionary policies: Incommensurability and uncertainty," Ecological Economics, Elsevier, vol. 96(C), pages 132-140.
  • Handle: RePEc:eee:ecolec:v:96:y:2013:i:c:p:132-140
    DOI: 10.1016/j.ecolecon.2013.10.006
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    2. Derbyshire, James & Morgan, Jamie, 2022. "Is seeking certainty in climate sensitivity measures counterproductive in the context of climate emergency? The case for scenario planning," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    3. Kjell Hausken, 2019. "Principal–Agent Theory, Game Theory, and the Precautionary Principle," Decision Analysis, INFORMS, vol. 16(2), pages 105-127, June.
    4. Aven, Terje, 2016. "Risk assessment and risk management: Review of recent advances on their foundation," European Journal of Operational Research, Elsevier, vol. 253(1), pages 1-13.
    5. Michel, Stephan & Romano, Alessandro & Zannini, Ugo, 2017. "Joint Use of Liability and Regulation in Environmental Law," ILE Working Paper Series 5, University of Hamburg, Institute of Law and Economics.
    6. Andy Stirling, 2016. "Precaution in the Governance of Technology," SPRU Working Paper Series 2016-14, SPRU - Science Policy Research Unit, University of Sussex Business School.
    7. Lejano, Raul P. & Newbery, Nicola & Ciolino, Maegan & Newbery, David, 2019. "Sustainability and incommensurability: Narrative policy analysis with application to urban ecology," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    8. Miftakhova, Alena, 2021. "Global sensitivity analysis for optimal climate policies: Finding what truly matters," Economic Modelling, Elsevier, vol. 105(C).
    9. Kjell Hausken, 2018. "Formalizing the Precautionary Principle Accounting for Strategic Interaction, Natural Factors, and Technological Factors," Risk Analysis, John Wiley & Sons, vol. 38(10), pages 2055-2072, October.
    10. Hausken, Kjell, 2021. "The precautionary principle as multi-period games where players have different thresholds for acceptable uncertainty," Reliability Engineering and System Safety, Elsevier, vol. 206(C).

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