PROJECT M
 

The safer we feel, the more risks we take

Safety regulations can be counterproductive, argues economist Sam Peltzman

© John Drysdale/voller Ernst

The safer we feel, the more risks we take

Safety regulations can be counterproductive, argues economist Sam Peltzman

Booth’s rule #2

In skydiving, the Peltzman Effect is known as Booth’s rule #2. Attributed to skydiving equipment inventor Bill Booth it states, “The safer skydiving gear becomes, the more chances skydivers will take, in order to keep the fatality rate constant.”

Comments