Risk governance and risk-based regulation(4): Frameworks for high-occurrence/low-impact risks, the precautionary principle, and benefit-cost analyses

In the previous blog post, I have addressed the holistic framework of the International Risk Governance Council (IRGC) as a blueprint for regulators interested in this approach to regulation, or as a check-list for those who already have risk governance in place. Here I discuss frameworks that focus on high-occurrence but low-impact risks; and, frameworks … Continue reading Risk governance and risk-based regulation(4): Frameworks for high-occurrence/low-impact risks, the precautionary principle, and benefit-cost analyses

Risk governance and risk-based regulation(3): The International Risk Governance Council Framework

Inspired by the insights from risk studies, governments around the world have begun to develop and implement risk governance and risk-based regulation. Following these developments, scholars have begun to map, explore and interrogate risk governance models and strategies, risk-based regulatory approaches and instruments, and their performance. There appears no area where governments have not trialled … Continue reading Risk governance and risk-based regulation(3): The International Risk Governance Council Framework

Risk governance and risk-based regulation(2): The evolution of risk

It is safe to say that humankind has always been subject to risk. For long, however, humans have considered risk along the lines of fate and determinism. Our ancient ancestors thought of risk as something they could not influence. Their future was either set in stone, regulated by the forces of nature, or regulated by … Continue reading Risk governance and risk-based regulation(2): The evolution of risk

Risk governance and risk-based regulation(1): A review of the international academic literature

Previously, the use of insights from the behavioural sciences in regulatory practice had a central focus on this blog. This has resulted in a series of blog posts (episode 1, episode 2, episode 3, and episode 4) and a research paper discussing the core insights from the international academic literature on this topic published between … Continue reading Risk governance and risk-based regulation(1): A review of the international academic literature

Brief book review – Risk Management and Governance: Concepts, Guidelines and Applications

Terje Aven and Ortwin Renn, 2010, Springer, 276 pages. Professor Terje Aven (University of Stavanger) and Professor Ortwin Renn (Potsdam Institute for Advanced Sustainability Studies) are two leading risk theorists and (regulatory) researchers. They have been studying risk, risk governance and risk management for well over two decades. In Risk Management and Governance: Concepts, Guidelines … Continue reading Brief book review – Risk Management and Governance: Concepts, Guidelines and Applications

Brief book review – Risk Regulation and Administrative Constitutionalism

Elizabeth Fisher, 2010, Hart Publishing, 290 pages. Professor Elizabeth Fisher (University of Oxford) presents a fresh reading of and engagement with the risk governance and risk regulation literature in Risk Regulation and Administrative Constitutionalism. Her starting point is that too often this literature is concerned with either the democratic decision-making process or the scientific decision-making … Continue reading Brief book review – Risk Regulation and Administrative Constitutionalism

Brief book review – The Government of Risk: Understanding Risk Regulation Regimes

Christopher Hood, Henry Rothstein, and Robert Baldwin, 2001, Oxford University Press, 214 pages. With The Government of Risk: Understanding Risk Regulation Regimes, Professors Christopher Hood (University of Oxford), Rothstein (King’s College London) and Robert Baldwin (London School of Economics) were among the first regulatory scholars to systematically explore the evolution and growth of risk regulation … Continue reading Brief book review – The Government of Risk: Understanding Risk Regulation Regimes