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Risk Analysis

November 29, 2011 - "Out of Balance: How Uncertainty Figures in Risk Analysis and Economic Regulation" - In a recent Risk Regulation Seminar, Adam Finkel presents his research on uncertainty within various regulatory measures. Finkel found that uncertainty measures were wildly inconsistent across regulation in both overstating and understating risks. Finkel analyzed various regulations over the past few decades and demonstrated both their inconsistent stating of uncertainty and the potential impact of unaccounted for uncertainty on impeding the full potential of regulatory measures. Finkel also proposed a new framework for estimating risk that would potentially be able to standardize uncertainty across various regulatory measures. Adam Finkel is a Senior Fellow and Executive Director of Penn Program on Regulation as well as Professor of Environmental and Occupational Health at the University of Medicine and Dentistry of New Jersey School of Public Health.

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Uploaded on October 18, 2013
Taken on November 29, 2011