Gordon Tullock
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Gordon Tullock was an American professor of law and economics at the George Mason University School of Law. He is best known for his work on public choice theory, the application of economic thinking
Tullock in 2007
Risk compensation
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Risk compensation is a theory which suggests that people typically adjust their behavior in response to perceived levels of risk, becoming more careful where they sense greater risk and less careful i
Gordon Tullock
…of each car's steering wheel, to increase the probability that an accident would be fatal to the driver. Tullock's idea was that the normal process of risk compensation would then lead to safer driving by the affected drivers, thereby actually reducing driving fatalities. In 1994 Tullock was awarded an honorary Ph.D…
Skydiver Bill Booth's second rule states that "The safer skydiving gear becomes, the more chances skydivers will take, in order to keep the fatality rate constant."
A breach in a levee in Papendrecht, the Netherlands, during the North Sea flood of 1953, flooding houses that had been built behind it