Discussion of ``Formalization and Applications of the Precautionary Principle''

Jean-Marc Tallon

Annals of Economics and Statistics, 2026, issue 161, 43-48

Abstract: This paper discusses the theoretical foundations of Henry and Henry (2002)'s formalization of the precautionary principle. I emphasize their distinctive contribution in defining scientific knowledge objectively, independently of decision-makers' preferences, and their formal characterization of what it means to be ``non-precautionary.'' I situate their work within the broader literature on non-Bayesian decision theory and hint at possible extensions concerning the aggregation of preferences under ambiguity, dynamic consistency, and empirical implementation of bounds on scientific knowledge.

Keywords: Precautionary Principle; Collective Risks; Scientific Progress; Expertise. (search for similar items in EconPapers)
JEL-codes: D81 I18 K42 Q28 (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:2026:i:161:p:43-48

DOI: 10.2307/48866004

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