2020
DOI: 10.1111/risa.13445
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Against the De Minimis Principle

Abstract: According to the class of de minimis decision principles, risks can be ignored (or at least treated very differently from other risks) if the risk is sufficiently small. In this article, we argue that a de minimis threshold has no place in a normative theory of decision making, because the application of the principle will either recommend ignoring risks that should not be ignored (e.g., the sure death of a person) or it cannot be used by ordinary bounded and information‐constrained agents.

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Cited by 12 publications
(36 citation statements)
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“…Lundgren and Stefánsson 8 discuss this issue in detail and conclude that even a context-sensitive approach to specifying a level p 0 cannot be justified. The argumentation adopted is that, if the context-sensitive de minimis principle is accepted, then the application of the principle will give contradictory results, depending on the perspective of the decision-maker.…”
Section: Review Of the Current Discussion Of The Suitability Of The De Minimis Principlementioning
confidence: 99%
See 4 more Smart Citations
“…Lundgren and Stefánsson 8 discuss this issue in detail and conclude that even a context-sensitive approach to specifying a level p 0 cannot be justified. The argumentation adopted is that, if the context-sensitive de minimis principle is accepted, then the application of the principle will give contradictory results, depending on the perspective of the decision-maker.…”
Section: Review Of the Current Discussion Of The Suitability Of The De Minimis Principlementioning
confidence: 99%
“…Thus, a context-sensitive p 0 level can be both de minimis and non-de minimis. The question raised by Lundgren and Stefánsson 8 is then: Should the de minimis consideration be made on the local levels or on the aggregated global level?…”
Section: Review Of the Current Discussion Of The Suitability Of The De Minimis Principlementioning
confidence: 99%
See 3 more Smart Citations