{"id":"https://openalex.org/W2954101836","doi":"https://doi.org/10.2139/ssrn.3236841","title":"Should We Do More When We Know Less?: Optimal Risk Reduction Under Technological Uncertainty","display_name":"Should We Do More When We Know Less?: Optimal Risk Reduction Under Technological Uncertainty","publication_year":2018,"publication_date":"2018-01-01","ids":{"openalex":"https://openalex.org/W2954101836","doi":"https://doi.org/10.2139/ssrn.3236841","mag":"2954101836"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.3236841","doi":"https://doi.org/10.2139/ssrn.3236841","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3236841","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.3236841","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100658678","display_name":"Li L\u00fc","orcid":"https://orcid.org/0000-0001-5230-3749","observed_orcids":["https://orcid.org/0000-0001-5230-3749","https://orcid.org/0000-0002-7943-7883"]},"institutions":[{"id":"https://openalex.org/I8204097","display_name":"Ludwig-Maximilians-Universit\u00e4t M\u00fcnchen","ror":"https://ror.org/05591te55","country_code":"DE","type":"education","lineage":["https://openalex.org/I8204097"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Lu Li","raw_affiliation_strings":["Ludwig-Maximilians-University of Munich - Faculty of Business Administration (Munich School of Management)","Ludwig-Maximilians-University of Munich - Faculty of Business Administration (Munich School of Management), Schackstr. 4, Munich, Germany"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Ludwig-Maximilians-University of Munich - Faculty of Business Administration (Munich School of Management)","institution_ids":["https://openalex.org/I8204097"]},{"raw_affiliation_string":"Ludwig-Maximilians-University of Munich - Faculty of Business Administration (Munich School of Management), Schackstr. 4, Munich, Germany","institution_ids":["https://openalex.org/I8204097"]}]},{"author_position":"last","author":{"id":null,"display_name":"Richard Peter","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I126307644","display_name":"University of Iowa","ror":"https://ror.org/036jqmy94","country_code":"US","type":"education","lineage":["https://openalex.org/I126307644"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Richard Peter","raw_affiliation_strings":["University of Iowa","University of Iowa, 341 Schaeffer Hall, Iowa City, IA 52242-1097, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Iowa","institution_ids":["https://openalex.org/I126307644"]},{"raw_affiliation_string":"University of Iowa, 341 Schaeffer Hall, Iowa City, IA 52242-1097, United States","institution_ids":["https://openalex.org/I126307644"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5100658678"],"corresponding_institution_ids":["https://openalex.org/I8204097"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.8740000128746033,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.8740000128746033,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12394","display_name":"Insurance and Financial Risk Management","score":0.0364999994635582,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11573","display_name":"Risk Perception and Management","score":0.024700000882148743,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/technological-uncertainty","display_name":"technological uncertainty","score":0.996999979019165},{"id":"https://openalex.org/keywords/risk-reduction","display_name":"risk mitigation","score":0.9139999747276306},{"id":"https://openalex.org/keywords/self-insurance","display_name":"self-insurance","score":0.8510000109672546},{"id":"https://openalex.org/keywords/self-protection","display_name":"self-protection","score":0.9869999885559082},{"id":"https://openalex.org/keywords/precautionary-principle","display_name":"precautionary principle","score":0.8410000205039978},{"id":"https://openalex.org/keywords/prudence","display_name":"prudence","score":0.7710000276565552},{"id":"https://openalex.org/keywords/relative-risk-aversion","display_name":"relative risk aversion","score":0.9629999995231628},{"id":"https://openalex.org/keywords/first-order-stochastic-dominance","display_name":"first-order stochastic dominance","score":0.7990000247955322},{"id":"https://openalex.org/keywords/comparative-statics","display_name":"comparative statics","score":0.7960000038146973},{"id":"https://openalex.org/keywords/preventive-care","display_name":"preventive medicine","score":0.7239999771118164},{"id":"https://openalex.org/keywords/insurance-demand","display_name":"insurance demand","score":0.9950000047683716},{"id":"https://openalex.org/keywords/climate-change","display_name":"climate change","score":0.9980000257492065}],"concepts":[{"id":"https://openalex.org/C111335779","wikidata":"https://www.wikidata.org/wiki/Q3454686","display_name":"Reduction (mathematics)","level":2,"score":0.625150740146637},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.5096385478973389},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3983616530895233},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.39091014862060547},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3502926826477051},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.32842111587524414},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3060683012008667},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.26320862770080566},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.3236841","doi":"https://doi.org/10.2139/ssrn.3236841","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3236841","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.3236841","doi":"https://doi.org/10.2139/ssrn.3236841","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.3236841","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Climate action","score":0.7699999809265137,"id":"https://metadata.un.org/sdg/13"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":49,"referenced_works":["https://openalex.org/W1032755340","https://openalex.org/W1516391651","https://openalex.org/W1968064443","https://openalex.org/W1969962511","https://openalex.org/W1977632617","https://openalex.org/W1987174576","https://openalex.org/W1987234536","https://openalex.org/W1991408396","https://openalex.org/W1991474749","https://openalex.org/W1995118028","https://openalex.org/W2009749785","https://openalex.org/W2019025561","https://openalex.org/W2023439783","https://openalex.org/W2039742215","https://openalex.org/W2042223112","https://openalex.org/W2048559626","https://openalex.org/W2054551268","https://openalex.org/W2063035599","https://openalex.org/W2064509027","https://openalex.org/W2065446144","https://openalex.org/W2069956298","https://openalex.org/W2082849348","https://openalex.org/W2083087258","https://openalex.org/W2084482508","https://openalex.org/W2085274538","https://openalex.org/W2088789585","https://openalex.org/W2099670025","https://openalex.org/W2100390860","https://openalex.org/W2126544313","https://openalex.org/W2133589134","https://openalex.org/W2137039909","https://openalex.org/W2137192863","https://openalex.org/W2154579982","https://openalex.org/W2295479367","https://openalex.org/W2398512885","https://openalex.org/W2462432499","https://openalex.org/W2594100758","https://openalex.org/W3039321492","https://openalex.org/W3118612754","https://openalex.org/W3121428746","https://openalex.org/W3121465390","https://openalex.org/W3121995747","https://openalex.org/W3122821010","https://openalex.org/W3122972435","https://openalex.org/W3125356740","https://openalex.org/W4236917760","https://openalex.org/W4238212557","https://openalex.org/W4252707658","https://openalex.org/W4252993431"],"related_works":["https://openalex.org/W3144609602","https://openalex.org/W7155000318","https://openalex.org/W2031578482","https://openalex.org/W7140102607","https://openalex.org/W1722915954","https://openalex.org/W2006538711","https://openalex.org/W2063035599","https://openalex.org/W2086635654","https://openalex.org/W1551893512","https://openalex.org/W1556271248"],"abstract_inverted_index":null,"counts_by_year":[{"year":2020,"cited_by_count":3}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2019-07-12T00:00:00"}