Can a knowledge threshold save the de minimis principle?

H. Orri Stefánsson and Björn Lundgren

Journal of Risk and Reliability, 2022, vol. 236, issue 6, 1164-1167

Abstract: The de minimis principle states that some risks are so trivial that they can be ignored or treated categorically differently from non-trivial risks. Lundgren and Stefánsson criticize the de minimis principle, arguing that it either has to be applied locally or globally and that problems arise whichever application is chosen. Aven and Seif respond to Lundgren and Stefánsson’s argument and defend the de minimis principle as a “meaningful and useful perspective for handling risk in practice.†The response highlights some aspects of the argument in Lundgren and Stefánsson that needs clarification, which is what we do in this note.

Keywords: De minimis; knowledge; decision-making; framing decision; risk management (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/1748006X211055320 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:risrel:v:236:y:2022:i:6:p:1164-1167

DOI: 10.1177/1748006X211055320

Access Statistics for this article

More articles in Journal of Risk and Reliability
Bibliographic data for series maintained by SAGE Publications ().