Risk-Benefit Analysis: From a Logical Point of View [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Bioethical Inquiry 9 (2):161-170 (2012)
In this paper I am concerned with risk–benefit analysis; that is, the comparison of the risks of a situation to its related benefits. We all face such situations in our daily lives and they are very common in medicine too, where risk–benefit analysis has become an important tool for rational decision-making. This paper explores risk–benefit analysis from a logical point of view. In particular, it seeks a better understanding of the common view that decisions should be made by weighing risks against benefits and that an option should be chosen if its benefits outweigh its risks. I devote a good deal of this paper scrutinizing this popular view. Specifically, I demonstrate that this mode of reasoning is logically faulty if “risk” and “benefit” are taken in their absolute sense. But I also show that arguing in favour of an action because its benefits outweigh its risks can be valid if we refer to incremental risks and benefits
|Keywords||Risk–benefit analysis Absolute risks/benefits Incremental risks/benefits Medical decision-making Practical reasoning|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Elizabeth Anderson (1993). Value in Ethics and Economics. Harvard University Press.
World Medical Association (2009). Declaration of Helsinki. Ethical Principles for Medical Research Involving Human Subjects. Jahrbuch für Wissenschaft Und Ethik 14 (1).
D. R. Buchanan & F. G. Miller (2006). A Public Health Perspective on Research Ethics. Journal of Medical Ethics 32 (12):729-733.
John Etchemendy (1983). The Doctrine of Logic as Form. Linguistics and Philosophy 6 (3):319 - 334.
Sven Ove Hansson (2007). Philosophical Problems in Cost–Benefit Analysis. Economics and Philosophy 23 (2):163-183.
Citations of this work BETA
Michael A. Ashby & Leigh E. Rich (2012). Signposts in a Familiar Land? Journal of Bioethical Inquiry 9 (2):119-124.
Similar books and articles
Janet Malek (2007). Understanding Risks and Benefits in Research on Reproductive Genetic Technologies. Journal of Medicine and Philosophy 32 (4):339 – 358.
Sven Ove Hansson (2004). Weighing Risks and Benefits. Topoi 23 (2):145-152.
Annette Rid & David Wendler (2011). A Framework for Risk-Benefit Evaluations in Biomedical Research. Kennedy Institute of Ethics Journal 21 (2):141-179.
Gary E. Marchant, Douglas J. Sylvester & Kenneth W. Abbott (2008). Risk Management Principles for Nanotechnology. NanoEthics 2 (1):43-60.
E. Marchant Gary, J. Sylvester Douglas & W. Abbott Kenneth (2008). Risk Management Principles for Nanotechnology. NanoEthics 2 (1).
Sven Ove Hansson (2006). Economic (Ir)Rationality in Risk Analysis. Economics and Philosophy 22 (2):231-241.
Elisabeth Weisser-Lohmann (2012). Ethical Aspects of Vulnerability in Research. Poiesis and Praxis 9 (1-2):157-162.
Charles Weijer, The Ethical Analysis of Risks and Potential Benefits in Human Subjects Research: History, Theory, and Implications for U.S. Regulation.
Alan Wertheimer (2013). Is Payment a Benefit? Bioethics 27 (2):105-116.
Eric Chwang (2010). Against Risk-Benefit Review of Prisoner Research. Bioethics 24 (1):14-22.
Charles Weijer & Paul B. Miller (2007). Refuting the Net Risks Test: A Response to Wendler and Miller's "Assessing Research Risks Systematically". Journal of Medical Ethics 33 (8):487-490.
K. S. Shrader-Frechette (1982). Economics, Risk-Cost-Benefit Analysis, and the Linearity Assumption. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1982:217 - 232.
Alex Rajczi (2004). Making Risk-Benefit Assessments of Medical Research Protocols. Journal of Law, Medicine and Ethics 32 (2):338-348.
Jonathan Wolff (2006). Risk, Fear, Blame, Shame and the Regulation of Public Safety. Economics and Philosophy 22 (3):409-427.
Added to index2012-03-24
Total downloads6 ( #213,996 of 1,101,879 )
Recent downloads (6 months)1 ( #306,556 of 1,101,879 )
How can I increase my downloads?