Behavioral decision theory perspectives on protective behavior

What determines whether people will protect themselves against the severe losses that might arise from some rare hazard? What factors underlie the perception and acceptability of risks associated with technology? The answers to questions such as these are vital for understanding how people cope with threats from accidents, diseases, and natural hazards and for helping them manage their lives more effectively in the face of such risks. The role that the study of judgment and decision processes can play in providing answers to these questions will be explored in this chapter. Experiments concerning insurance decisions, risk perception, and evaluation of technological risks will be described, and the implications of this research for matters of public safety and health will be discussed.