Author(s)

G. Reniers

Abstract

This paper takes the viewpoint that the current rational approach that is used throughout the world to calculate risks, is insufficient for decision-making and dealing with risks in the next generations. Moral aspects and the acceptability of risks should be taken into consideration while determining risk priorities to optimize decision-making. A risk calculation formula is proposed to this end, whereby principles such as voluntariness, equity and fairness are taken into account in the formula.

Keywords

risk calculation, moral aspects of risk, acceptability of risk