Economic Costs of Informing the Public on Seafood Safety Matters

摘要

The memorandum provides managers of seafood safety programs with an understanding of the economic consequences of disseminating information to the public regarding health risks. The paper begins with some definitions and discussion of terms that relate to the general discussion of risk. This section is followed by a discussion of biased risk perception and framing effects, avoidance costs, societal attitudes and avoidance costs, and cognitive dissonance and avoidance costs. The paper concludes with a summary of the topics discussed and some closing remarks on how managers may minimize economic costs to the public.