Publication
Title
Major accident prevention decision-making : a large-scale survey-based analysis
Author
Abstract
Decision-making under risk and uncertainty is not straightforward. This paper investigates how people make decisions when they need to choose between prevention and production investments and the decision involves risks and uncertainties that could have major negative consequences. A questionnaire was conducted among 405 students at the University of Antwerp, in Belgium. With regard to decision-making under risk, the findings reveal that the respondents behaved in a more risk-averse manner than predicted by the theory of expected values. Concerning decision-making under uncertainty, the respondents also displayed more risk-averse decision-making behaviour than anticipated, especially under circumstances of complete uncertainty. The study also shows that men are more likely to behave in a more risk-seeking manner than women are, and that people with a high intuitive thinking style are less risk-averse than people with a low intuitive thinking style. Furthermore, people with a high rational thinking style are more risk-averse than people with a low rational thinking style, and respondents with a high sensation-seeking style make decisions in a more risk-seeking way than respondents with a low sensation-seeking style.
Language
English
Source (journal)
Safety science. - Amsterdam, 1991, currens
Publication
Amsterdam : 2016
ISSN
0925-7535
Volume/pages
88(2016), p. 242-250
ISI
000379629800025
Full text (Publisher's DOI)
Full text (open access)
The author-created version that incorporates referee comments and is the accepted for publication version Available from 10.10.2018
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Law 
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 15.04.2016
Last edited 25.09.2017
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