This reminds me of the story of the US army moving from canvas to metal helmets. To their surprise, they found that the number of head injuries went up, and not down. Why? Because the metal helmets converted fatalities to head injuries.
Same thing with bicycle helmets and seatbelts in cars.
Under the risk compensation theory, helmeted cyclists may be expected to ride less carefully; this is supported by evidence for other road safety interventions such as seat belts and anti-lock braking systems. Anecdotally, many riders report feeling safer with a helmet: "When I wear it, I feel safe..." One researcher randomized his helmet use over a year of commuting to work and found that he rode slightly faster with a helmet.
Motorists may also alter their behavior toward helmeted cyclists. One small study from England found that vehicles passed a helmeted cyclist with measurably less clearance (8.5 cm) than that given to the same cyclist unhelmeted (out of an average total passing distance of 1.2 to 1.3 metres).
http://en.wikipedia.org/wiki/Bicycle_helmet#Risk_compensatio...