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Discussion of “Formalization and applications of the precautionary principle"

Jean-Marc Tallon

PSE-Ecole d'économie de Paris (Postprint) from HAL

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: Expertise; Scientific Progress; Collective Risks; Precautionary Principle (search for similar items in EconPapers)
Date: 2026-03
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Published in Annals of Economics and Statistics, 2026, 161, pp.43-48. ⟨10.2307/48866004⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-05589670

DOI: 10.2307/48866004

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