Risk Regulation

The Economist has a nice survey on risk. Here’s one chart on the cost per life saved of various regulations. Bottom line: the cost per life saved of many regulations is absurdly high and we are often required to buy more safety than we want. John Morrall, whose study the Economist bases its figures on finds that almost half of the regulations that he studied do not pass a cost-benefit test.

Thanks to Zev Safran for the pointer.