In an emergency stop in a car with ABS, you should apply the brake pedal firmly and hold it while the ABS does all the work. You will feel a pulsing in the pedal that may be quite violent, but this is normal so don't let off the brake.
The Insurance Institute for Highway Safety (IIHS) has conducted several studies trying to determine if cars equipped with ABS are involved in more or fewer fatal accidents. It turns out that in a 1996 study, vehicles equipped with ABS were overall no less likely to be involved in fatal accidents than vehicles without. The study actually stated that although cars with ABS were less likely to be involved in accidents fatal to the occupants of other cars, they are more likely to be involved in accidents fatal to the occupants of the ABS car, especially single-vehicle accidents.
There is much speculation about the reason for this. Some people think that drivers of ABS-equipped cars use the ABS incorrectly, either by pumping the brakes or by releasing the brakes when they feel the system pulsing. Some people think that since ABS allows you to steer during a panic stop, more people run off the road and crash.
Some more recent information may indicate that the accident rate for ABS cars is improving, but there is still no evidence to show that ABS improves overall safety.
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