If a conscientious manufacturer underestimates the probability of his product killing someone, the manufacturer will likely take precautions that are not cost justified.

Question

Quizplus · Accepted Answer

Underestimating the probability of a product causing death would likely lead to fewer precautions being taken, as the manufacturer perceives the risk to be lower than it actually is, potentially not justifying the necessary safety measures based on their risk assessment.

If a Conscientious Manufacturer Underestimates the Probability of His Product