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Technical Note—Measuring Equity in Public Risk

Author

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  • Rakesh Kumar Sarin

    (University of California, Los Angeles)

Abstract

An equitable distribution of risk is often an important criterion in the evaluation of technological and environmental risks. In this paper, we define the concept of equity precisely, and develop measures for ex-post and ex-ante equity. We then show how these measures, combined with information on the number of possible fatalities, can be used to rank alternatives that involve risks to human life.

Suggested Citation

  • Rakesh Kumar Sarin, 1985. "Technical Note—Measuring Equity in Public Risk," Operations Research, INFORMS, vol. 33(1), pages 210-217, February.
    • Handle: RePEc:inm:oropre:v:33:y:1985:i:1:p:210-217
    DOI: 10.1287/opre.33.1.210
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    Citations

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    Cited by:

    1. Carole Bernard & Christoph M. Rheinberger & Nicolas Treich, 2018. "Catastrophe Aversion and Risk Equity in an Interdependent World," Management Science, INFORMS, vol. 64(10), pages 4490-4504, October.
    2. Thibault Gajdos & John Weymark & Claudio Zoli, 2010. "Shared destinies and the measurement of social risk equity," Annals of Operations Research, Springer, vol. 176(1), pages 409-424, April.
    3. Raisa B. Deber & Vivek Goel, 1990. "Using Explicit Decision Rules to Manage Issues of Justice, Risk, and Ethics in Decision Analysis," Medical Decision Making, , vol. 10(3), pages 181-194, August.
    4. Laura A. McLay & Maria E. Mayorga, 2013. "A Dispatching Model for Server-to-Customer Systems That Balances Efficiency and Equity," Manufacturing & Service Operations Management, INFORMS, vol. 15(2), pages 205-220, May.
    5. Tim Bedford, 2013. "Decision Making for Group Risk Reduction: Dealing with Epistemic Uncertainty," Risk Analysis, John Wiley & Sons, vol. 33(10), pages 1884-1898, October.
    6. Ehsan Taheri & Chen Wang, 2018. "Eliciting Public Risk Preferences in Emergency Situations," Decision Analysis, INFORMS, vol. 15(4), pages 223-241, December.

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