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One War We Shouldn't Avoid: A New Approach to Reducing the Cost of Future Catastrophes
In 2005, three major hurricanes -- Katrina, Rita and Wilma -- struck the U.S. Gulf Coast area, causing not just death and destruction, but also leading to insurance payments and federal disaster relief of more than $180 billion...
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Katrina, 9/11, Global Recession: Moving Beyond Old Thinking about New Risks
The 9/11 terrorist attacks, extreme weather events and the financial collapse: These and other recent catastrophes are a wakeup call for the need to better prepare for natural and man-made disasters that have wider effects as the world grows more interconnected...
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Professor Howard Kunreuther

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James G. Dinan Professor

Professor of Operations and Information Management

Professor of Decision Sciences and Business Economics and Public Policy

Co-Director, Wharton Risk Management and Decision Processes Center

Research Interests: decision processes, insurance, low-probability events and decision making, managerial economics, operations management, regulation, risk assessment

 


Howard C. Kunreuther is the James G. Dinan Professor; Professor of Decision Sciences and Business and Public Policy at the Wharton School, and co-director of the Wharton Risk Management and Decision Processes Center.  He has a long-standing interest in ways that society can better manage low-probability, high-consequence events related to technological and natural hazards. Dr. Kunreuther is a member of the World Economic Forum’s Global Agenda Council on Insurance and Asset Management for 2011-2012, and in 2009-2010 served as co-chair of the Forum’s Global Agenda Council on Leadership and Innovation for Reducing Risks from Natural Disasters. He is a member of the National Research Council’s panel on Increasing National Resilience to Hazards and Disasters and serves the Intergovernmental Panel on Climate Change (IPCC) as a chapter lead author of the IPCC’s 5th Assessment Report on Integrated Risk and Uncertainty Assessment of Climate Change Response. He is a Fellow of the American Association for the Advancement of Science, and a Distinguished Fellow of the Society for Risk Analysis, receiving the Society’s Distinguished Achievement Award in 2001. His most recent books are At War with the Weather (with E. Michel-Kerjan) (2009, paperback, 2011), winner of the Kulp-Wright Book Award from the American Risk and Insurance Association in 2011; Learning from Catastrophes: Strategies for Reaction and Response (with M. Useem) (2010); and Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry” (with Mark Pauly and Stacey McMorrow) (forthcoming 2013).