Related Experiment Video
Updated: Jul 15, 2026

13:04
Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Acceptable risk as a psychological judgment: risk perception, trust, and fairness
Yiju Tang1, Junjie Wei2, Haoyang Ren2
1College of Municipal and Environmental Engineering, Henan University of Urban Construction, Pingdingshan, China.
Frontiers in Psychology
|July 13, 2026
Summary
People do not judge risk acceptability solely on technical data. Perceptions of trust, fairness, and control significantly influence whether risks are deemed acceptable, impacting public judgment and legitimacy.
Area of Science:
- Risk analysis and management
- Social psychology of risk perception
- Decision science
Background:
- Acceptable risk is typically defined by technical, regulatory, or ethical standards.
- Individual risk acceptability judgments extend beyond probability and harm estimation.
- Factors like hazard perception, trust in risk managers, and perceived fairness play crucial roles.
Purpose of the Study:
- To synthesize research on risk perception, trust, and fairness.
- To develop a framework for understanding acceptable-risk judgments.
- To explore how interpersonal configurations of exposure, control, and justification shape risk acceptability.
Main Methods:
- Mini-review integrating research from risk perception, trust, and fairness literature.
- Development of a framework distinguishing self-regarding, other-controlled, and collectively governed risks.
- Analysis of how these configurations influence perceived threat, credibility, and legitimacy.
Main Results:
- Acceptable-risk judgments are influenced by how hazards are perceived, trust in management, and fairness of exposure.
- Risk configurations (self-regarding, other-controlled, collectively governed) affect the salience of threat, credibility, and legitimacy.
- This framework explains variations in risk tolerance across different settings.
Conclusions:
- Acceptable-risk judgments are complex, involving psychological and social factors beyond technical assessments.
- Understanding these factors is crucial for effective risk communication and public engagement.
- Future research should focus on the psychology of legitimacy and public judgment in risk contexts.
Related Concept Videos
Equity Theory
Equity theory explains how our sense of fairness influences the dynamics of close relationships. Rooted in social psychology, the theory posits that individuals evaluate fairness by comparing the ratio of their contributions to the rewards they receive. Relationship satisfaction is highest when these ratios are perceived as balanced between partners, promoting mutual reciprocity and a sense of justice.Equity vs. Equality in RelationshipsEquity is distinct from equality. Fairness does not...
Protecting Self-Esteem
Self-esteem, a central component of psychological well-being, is actively maintained through various cognitive and behavioral strategies. Individuals employ specific mechanisms to preserve a positive self-concept and mitigate threats to their self-worth, particularly in contexts involving social evaluation or personal feedback. Four primary techniques are commonly used to sustain self-esteem.Manipulating AppraisalsOne prominent strategy involves manipulating appraisals from others. Individuals...
Halo Effect
The halo effect is a cognitive bias in which an individual's overall impression influences judgments about their specific traits. This psychological phenomenon leads people to associate positive characteristics with those they perceive as generally good and negative characteristics with those they view as bad. This effect is particularly influential in social perception, professional evaluations, and decision-making processes.The Psychological Basis of the Halo EffectThe halo effect is rooted...
Motivational Bias
Cognitive bias results from limitations in thinking and information processing, leading to systematic errors in judgment. Conversely, motivational bias stems from personal desires or emotions, causing distortions in perception to align with self-interest. Motivational bias influences how individuals perceive and attribute causes to events, often shaped by personal needs, goals, and self-esteem preservation. This bias can distort judgment, leading to inaccurate assessments of success, failure,...
Unrealistic Optimism Bias
Unrealistic optimism bias is the tendency to overestimate the likelihood of positive outcomes. This cognitive bias makes individuals believe they are less likely to experience failures, setbacks, or risks and more likely to succeed than others. For example, people may assume they are less prone to health issues, accidents, or financial struggles than their peers, even when they share similar risk factors.One key component of this bias is the above-average effect, where individuals perceive...
Obedience
According to obedience research, we may harm others under the forceful pressures of an authority figure (Milgram, 1974). How about if the inappropriate orders were delivered with less force? The increasing interdependence between nurses and physicians compelled Hofling and his colleagues to explore nurses’ reactions to a potentially harmful medical request made by the perceived authority figure, the doctor (Hofling, Brotzman, Dalrymple, Graves, & Pierce, 1966). In this situation, obedience...
