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Risk-risk tradeoffs: what should we do in Europe?

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  • Ragnar Lofstedt
  • Anne Schlag

Abstract

Risk-risk tradeoffs occur when a regulator focuses on decreasing one particular risk in one area which leads to another risk appearing elsewhere which was not originally considered. These risk-risk tradeoffs abound all around us and are frequently ignored by regulators. In this article we firstly, examine why risk-risk tradeoffs are often ignored. Secondly we summarize some of the criticisms to the use of risk-risk tradeoffs and then we look at the phenomenon via a number of European based case studies. In the final section of the paper we put forward a series of recommendations to help regulators to be better equipped in dealing with risk-risk tradeoffs.

Suggested Citation

  • Ragnar Lofstedt & Anne Schlag, 2017. "Risk-risk tradeoffs: what should we do in Europe?," Journal of Risk Research, Taylor & Francis Journals, vol. 20(8), pages 963-983, August.
    • Handle: RePEc:taf:jriskr:v:20:y:2017:i:8:p:963-983
    DOI: 10.1080/13669877.2016.1153505
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    References listed on IDEAS

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    1. Revesz, Richard & Livermore, Michael, 2008. "Retaking Rationality: How Cost Benefit Analysis Can Better Protect the Environment and Our Health," OUP Catalogue, Oxford University Press, number 9780195368574.
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    Cited by:

    1. Lejla Dervisevic & Leigh Raymond & Linda J. Pfeiffer & Jessica V. Merzdorf, 2021. "Trade-offs versus reassurance: framing competing risks in the 2016 Zika outbreak," Policy Sciences, Springer;Society of Policy Sciences, vol. 54(4), pages 729-747, December.
    2. Tran, Cong Duc & Nguyen, Tin Trung, 2021. "Health vs. privacy? The risk-risk tradeoff in using COVID-19 contact-tracing apps," Technology in Society, Elsevier, vol. 67(C).
    3. Seth D. Baum, 2019. "Risk–Risk Tradeoff Analysis of Nuclear Explosives for Asteroid Deflection," Risk Analysis, John Wiley & Sons, vol. 39(11), pages 2427-2442, November.

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