CROSS EXAM REGARDING BALANCING COST vs BENEFIT

COST  vs RISK ANALYSIS

1.         Analyzing What is Reasonable

(1)        SHOULD CONSIDER:

(a)        LIKELIHOOD OF INJURY HAPPENING

(b)        SERIOUSNESS OF HARM IF IT DOES HAPPEN

2.         Cost vs Benefit Analysis

(1)        SHOULD CONSIDER:

(a)        COST OF INFORMING

(b)        DIFFICULTY AND TIME TO WARN

(c)        THE BENEFIT FROM GIVING THE WARNING

(d)        WHETHER METHOD OF INFORMING INVOLVES
ACCEPTED PROCEDURE IN INDUSTRY

(e)        WHAT HARM CAUSED BY GIVING WARNING

a.         THE LIKELIHOOD OF THE HARM

b.         THE SERIOUSNESS OF THE HARM COMPARED TO
THE BENEFIT

3.         Analysis & Conclusion

(1)        THE GREATER THE POTENTIAL HARM THE
GREATER THE DUTY TO ACT

(a)        CYANIDE POISON PILLS IN SIX OUT OF
HUNDREDS OF THOUSANDS OF BOTTLES

(2)        “OUNCE OF PREVENTION WORTH A POUND
OF CURE”

(3)        “BETTER TO BE SAFE THEN SORRY”

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