Social decisions about risk and risk-taking

There has been very little contact between risk studies and more general studies of social decision processes. It is argued that as a consequence of this, an oversimplified picture of social decision processes prevails in studies of risk. Tools from decision theory, welfare economics, and moral theory can be used to analyze the intricate inter-individual relationships that need to be treated in an adequate account of social decision-making about risk. However, this is not a matter of simple or straightforward application of existing theory. It is a challenging area for new theoretical developments.