Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction
Joint Authors
Kang, Hyun Gook
Yun, Mirae
Lee, Sang Hun
Source
Science and Technology of Nuclear Installations
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-9, 9 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-03-20
Country of Publication
Egypt
No. of Pages
9
Abstract EN
With the adoption of new technologies, more risk is introduced into modern society.
Important decisions about new technologies tend to be made by specialists, which can lead to a mismatch of risk perception between citizens and specialists, resulting in high social cost.
Using contingent valuation methods, this paper analyzes the relationship between willingness to pay (WTP) and the factors expressed through people’s image of nuclear power plants (NPP), their perception of NPP safety, and how these can be affected by their scientific background level.
Results indicate that groups with a high scientific background level tend to have low risk perception level, represented through their image and safety levels.
Further, the results show that mean WTP is dependent on scientific background and image levels.
It is believed that these results could help decision makers address the mismatch of trust between the public and specialists in terms of new policy.
American Psychological Association (APA)
Yun, Mirae& Lee, Sang Hun& Kang, Hyun Gook. 2016. Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction. Science and Technology of Nuclear Installations،Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1118579
Modern Language Association (MLA)
Yun, Mirae…[et al.]. Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction. Science and Technology of Nuclear Installations No. 2016 (2016), pp.1-9.
https://search.emarefa.net/detail/BIM-1118579
American Medical Association (AMA)
Yun, Mirae& Lee, Sang Hun& Kang, Hyun Gook. Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction. Science and Technology of Nuclear Installations. 2016. Vol. 2016, no. 2016, pp.1-9.
https://search.emarefa.net/detail/BIM-1118579
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1118579