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Risk assessment is now a common feature of regulatory practice, but fear assessment is not.
Part I of the Article rebuts various objections to fear assessment.
This Article makes the case for fear assessment, and explains in detail how fear and anxiety should be quantified and monetized as part of a formal, regulatory cost-benefit analysis.
Deliberation costs are a worry, but this is not unique to fear, and can be handled through threshold rules specifying when the expected benefits of fear assessment appear to outweigh the incremental deliberation costs of quantifying and monetizing fear.
In arguing for fear assessment as a component of cost-benefit analysis, this Article contributes to the literature on cost-benefit analysis and also stakes out a novel position in scholarly debates about risk regulation.
Clearly policy-makers do not need to fear assessment when the media -- and voters -- shrink from drilling down on pat answers to tough questions.
Similar(51)
The MPs fear the assessment for PIP could focus too narrowly on medical definitions, ignoring environmental factors such as a disabled person's access to public transport.
Moreover, physicians might fear external assessment [ 13].
But mental health charity Mind has said it fears the assessments are still "unfit for purpose and will have a detrimental impact on people with mental health problems".
But environmentalists fear that an assessment in 2018 will result in scrapping the new standards.
The most frequently mentioned reason for not participating was the fear that online assessment is a privacy risk (23.9%).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com