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Extra info for Analyzing and Aiding Decision Processes, 14
If this is the case, the value c‘ should be less than the value c*. In essentially all situations involving an iristitutional evaluation of mortality risks, we would expect to be dealing with only small risks to for eacb individual. These risks should certainly be much less than each person and would much more likely be in the range of lo4 and smaller. However, we could certainly have situations where 20 percent of the individuals had a iisk of 5/n each and the other 80 percent had a 0 risk. The expected fatalities corresponding to this risk would also be 1 although the risk in some sense would not be as equitable as the situation where each individual had a l/n risk.
P,) or to the specific definitions of equity and catastrophe avoidance. Unless one is willing t o conclude that this formulation and these definitions are all completely irrelevant to the problem of evaluating mortality risks, the inconsistency holds. If additional attributes are deemed appropriate EVALUAHON OF MORTALITY RISKS 37 for characterizing mortality risks or if additional concepts of equity and catastrophe avoidance seem reasonable, the degree (but not the fact) of the inconsistency may diminish.
July 1977 (2 months) Conclusion: A new siting process is established September 1977 that assumes a need for LNG, which is designed to accelerate LNG terminal siting. ROUND 3 Problem Formulation: Which site is appropriate? Initiating Event: Applicant files for approval of Point Conception site. October 1977 (10 months) Conclusion: Site approved conditional on consideration of additional seismic risk data. July 1978 ROUND 4 Problem Formulation: Is Point Conception seismically safe? Initiating Event: Regulatory agencies set up procedures to consider additional seismic risk data.
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