A number of proposals have been put forth regarding the proper way to model the societal impact of fatal accidents. Most of these proposals are based on some form of utility function asserting that the social cost (or disutility) of N lives lost in a single accident is a function of N^\alpha. A...

Standards are an effective means for managing hazardous technologies only if three conditions are satisfied: (a) setting general standards is preferable to case-by-case decision making; (b) some general safety philosophy, balancing risk and other factors, can be justified on normative grounds;...