This two-volume collection of key papers by leading scholars provides a comprehensive perspective on the evaluation and performance of risk regulation polices. An analysis of the statistical life provides the basis for an examination of the risk money tradeoffs reflected in individual decisions in the labor, product and housing markets and an investigation of how these concepts can be used to evaluate government regulatory policies, including the newly developed risk-risk analysis approach. The volumes also offer an assessment of the performance of government risk regulations and a comprehensive analysis of the formation of risk beliefs and the role of hazard warnings policies in fostering improved risk decisions. The editors have written an authoritative introduction which presents a review of the selected papers and identifies interesting topics for future research.

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