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In the present study the societal acceptance of various risks is analyzed and rules of risk acceptance as a function of different parameters (e. g., expected benefit, intensity of effect) are spelled out. The monetary value of a human life is estimated, based on investments in safety of different human activities. The acceptable risks and safety investments in different human activities are then compared with risks and safety investments of the nuclear industry. Safety investments required to reduce radioactivity releases and risks from nuclear power stations to ALAP (as low as practicable) levels are taken as a study case. It is found that risks in the nuclear industry are several orders of magnitude lower and safety investments per human life saved are several orders of magnitude higher, as compared with risks and safety investments in other human activities.

Risk and safety in the nuclear industry and conventional norms of society