Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction
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 m...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2016-01-01
|
| Series: | Science and Technology of Nuclear Installations |
| Online Access: | http://dx.doi.org/10.1155/2016/6293758 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832563002632568832 |
|---|---|
| author | Mirae Yun Sang Hun Lee Hyun Gook Kang |
| author_facet | Mirae Yun Sang Hun Lee Hyun Gook Kang |
| author_sort | Mirae Yun |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-209d7758ae66459295938207d7698394 |
| institution | Kabale University |
| issn | 1687-6075 1687-6083 |
| language | English |
| publishDate | 2016-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Science and Technology of Nuclear Installations |
| spelling | doaj-art-209d7758ae66459295938207d76983942025-02-03T01:21:10ZengWileyScience and Technology of Nuclear Installations1687-60751687-60832016-01-01201610.1155/2016/62937586293758Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk ReductionMirae Yun0Sang Hun Lee1Hyun Gook Kang2Department of Nuclear and Quantum Engineering, KAIST, 291 Daehak-ro, Yuseong-gu, Daejeon 305-701, Republic of KoreaDepartment of Nuclear and Quantum Engineering, KAIST, 291 Daehak-ro, Yuseong-gu, Daejeon 305-701, Republic of KoreaDepartment of Nuclear and Quantum Engineering, KAIST, 291 Daehak-ro, Yuseong-gu, Daejeon 305-701, Republic of KoreaWith 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.http://dx.doi.org/10.1155/2016/6293758 |
| spellingShingle | Mirae Yun Sang Hun Lee Hyun Gook Kang Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction Science and Technology of Nuclear Installations |
| title | Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction |
| title_full | Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction |
| title_fullStr | Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction |
| title_full_unstemmed | Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction |
| title_short | Analysis of the Relationship between Risk Perception and Willingness to Pay for Nuclear Power Plant Risk Reduction |
| title_sort | analysis of the relationship between risk perception and willingness to pay for nuclear power plant risk reduction |
| url | http://dx.doi.org/10.1155/2016/6293758 |
| work_keys_str_mv | AT miraeyun analysisoftherelationshipbetweenriskperceptionandwillingnesstopayfornuclearpowerplantriskreduction AT sanghunlee analysisoftherelationshipbetweenriskperceptionandwillingnesstopayfornuclearpowerplantriskreduction AT hyungookkang analysisoftherelationshipbetweenriskperceptionandwillingnesstopayfornuclearpowerplantriskreduction |