Economics Dictionary of Arguments

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 Precaution - Economics Dictionary of Arguments
 
Precaution: Precaution involves taking anticipatory action to minimize or prevent potential risks or harm in situations with uncertain or incomplete information. See also Risks, Risk perception, Insurances, Planning, Information, Uncertainty, decisions, Decision-making processes, Decision theory.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.
 
Author Item    More concepts for author
 
Cooter, Robert Precaution   Cooter, Robert

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Ed. Martin Schulz, access date 2024-03-28