Rational Risk Policy by W.Kip Viscusi

In his first presidential candidate debate with Senator Robert Dole, President Clinton cited hazardous waste cleanup among his administration's important environmental efforts. W. Kip Viscusi's most recent book deals with the rationality of these and other efforts addressed at reducing risk and compensating risk victims. Unfortunately for President Clinton, the book's main conclusion about government efforts in general and hazardous waste cleanup in particular is negative: government regulations often mirror the irrationalities present in individual decisions leading to costly and relatively ineffective policies.