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29 Cards in this Set

  • Front
  • Back

Risk

chance of something bad happening

Voluntary vs Involuntary risk

Voluntary risk: a risk deliberately taken at individual level


Involuntary risk: risk out of ones control

Hazard

source of environmental damage

Exposure

pathways between source of damage and the affected population

Risk Assessment

qualitative and quantitative evaluation of the risk posed to health or the ecology by an environmental hazard.

Hazard Identification

scientific analysis to determine whether a casual relationship exist between a pollutant and any adverse effects.

Dose-response relationship

a quantitative relationship between doses of a contaminant and the corresponding reactions.

Threshold

The level of exposure to a hazard up to which no response exists

Exposure Assessment

measures the magnitude, frequency, and duration of exposure, pathways and routes, and sensitivities.

Risk Characteristics

Description of expected risk, ow the risk was assessed, and areas in need of policy decisions.

Problem Formulation

identifies the ecological entity that is potentially at risk

Analysis Phase

identifies info to predict ecological responses to environmental hazards under various exposure conditions.

"acceptable" risk

amount of risk determined to be tolerable for society.

de minimis Risk

a negligible level of risk such that reducing it further would not justify the associated costs

Risk-benefit Analysis

an assessment to risks of a hazard along with the benefits to society of not regulating that hazard.

Benefit-Cost Analysis

a strategy that compares MSB and MSC

User Value

benefit derived from physical use of or access to an environmental good

Existence Value

benefit received from the continuance of an environmental good

Direct User Value

benefit derived from directly consuming services provided by an environmental good

Indirect User Value

benefit form indirect consumption of environmental good

Vicarious Consumption

Utility associated with knowing that others benefit from an environmental good.

Stewardship

Sense of obligation to preserve the environment for future generations

Physical Linkage Approach

estimates benefits based on a technical relationship between an environment resource and the user of that resource

Behavioral Linkage Approach

estimates benefits using observations of behavior in actual markets or survey responses about hypothetical markets

Damage Function Model

Models the relationship between a contaminant and its observed effects to estimate damage reductions arising from policy.

(CVM) Contingent Valuation Method

uses surveys to elicit responses about WTP for environmental quality based on hypothetical market conditions.

(AEM) Averting Expenditure Method

Estimates benefits as the change in spending on goods that are substitutes for a cleaner environment.

Travel Cost Method

Values benefit by using the complementary relationship between the quality of a natural resource and its recreational use value.

(HPM) Hedonic Price Method

uses the estimated hedonic price of an environmental attribute to value a policy-driven improvement.