The Dangers of Caution: Conservatism in Assessment and the Mismanagement of Risk

Publication information:

Albert L. Nichols and Richard J. Zeckhauser. 1986. “The Dangers of Caution: Conservatism in Assessment and the Mismanagement of Risk”. In Advances in Applied Micro-Economics, Vol. 4, V. Kerry Smith (ed.), Pp. 55-82. Greenwich, CT: JAI Press