A one-in-a-million risk may not be imaginary, but it’s pretty damned close to it.

Ronald Bailey Reason Magazine 4/12/2011

Do we pay too much to avoid minuscule risks? Yes, according to a new study by Office of Information and Regulatory Affairs (OIRA) administrator Cass Sunstein and Harvard University economist Richard Zeckhauser. The study, “Overreaction to […]