Abstract

Risk management of nanotechnology is challenged by the enormous uncertainties about the risks, benefits, properties, and future direction of nanotechnology applications. Because of these uncertainties, traditional risk management principles such as acceptable risk, cost-benefit analysis, and feasibility are unworkable, as is the newest risk management principle, the precautionary principle. Yet, simply waiting for these uncertainties to be resolved before undertaking risk management efforts would not be prudent, in part because of the growing public concerns about nanotechnology driven by risk perception heuristics such as affect and availability. A more reflexive, incremental, and cooperative risk management approach is required, which not only will help manage emerging risks from nanotechnology applications, but will also create a new risk management model for managing future emerging technologies.

Original languageEnglish (US)
Pages (from-to)43-60
Number of pages18
JournalNanoEthics
Volume2
Issue number1
DOIs
StatePublished - Apr 2008

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nanotechnology
Risk management
Nanotechnology
risk management
uncertainty
Risk perception
Cost benefit analysis
cost-benefit analysis
Risk Management
heuristics
Availability
Uncertainty

Keywords

  • Heuristics
  • Nanotechnology
  • Regulation
  • Risk management
  • Risk perception
  • Voluntary programs

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Sociology and Political Science
  • Philosophy
  • History and Philosophy of Science
  • Management of Technology and Innovation

Cite this

Risk management principles for nanotechnology. / Marchant, Gary; Sylvester, Douglas; Abbott, Kenneth.

In: NanoEthics, Vol. 2, No. 1, 04.2008, p. 43-60.

Research output: Contribution to journalArticle

Marchant, Gary ; Sylvester, Douglas ; Abbott, Kenneth. / Risk management principles for nanotechnology. In: NanoEthics. 2008 ; Vol. 2, No. 1. pp. 43-60.
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