Economics Dictionary of ArgumentsHome | |||
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Precaution - Economics Dictionary of Arguments | |||
Precaution: Precaution involves taking anticipatory action to minimize or prevent potential risks or harm in situations with uncertain or incomplete information. See also Risks, Risk perception, Insurances, Planning, Information, Uncertainty, decisions, Decision-making processes, Decision theory._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Cooter, Robert | Precaution | Cooter, Robert | |
Ed. Martin Schulz, access date 2024-04-20 |