On the Use of ß in Regulatory Proceedings: A Comment
Volume: Volume 3, No. 2
Issue: Autumn 1972
Pages: pp. 622-627
Authors: Stewart C. Myers
Title: On the Use of ß in Regulatory Proceedings: A Comment
Abstract: The purpose of this comment is to provide further clarification of the usefulness of ß as a measure of risk in the regulatory process. Breen and Lerner list several of the problems in using this coefficient and argue that a great deal of caution is necessary when interpreting its meaning, but they fail to provide sufficient or correct reasons for their concern. Although the comment is critical of the Breen-Lerner paper, it also redirects attention to the real problems associated with using the ß coefficient in regulation.