Wharton Risk Management and
Decision Processes Center

The Wharton Risk Management and Decision Processes Center, established in 1985, is a research center affiliated with the Wharton School at the University of Pennsylvania. Engaging students and faculty throughout the University in collaborations, research projects, and other partnerships, the Center is recognized worldwide as a leader in risk-related research and policy analysis. The Risk Center also serves as a bridge between scholars at Penn and organizations and decision-makers in the public and private sectors.

The Business, Climate, and Environment Lab will support cutting edge research, provide thought leadership, and bring together stakeholders from academia, government, communities, and the private sector to design smart public and private sector policies related to topics such as climate change, renewable energy, air and water pollution, waste disposal, biodiversity, and deforestation. Sarah E. Light and Arthur van Benthem are the faculty members responsible for leading the lab.  Current projects and contributing Wharton scholars can be found on the lab page.

Covid-19 Response (1)

The world now struggles to halt the spread of the novel coronavirus and the impacts are rippling through the global economy. Sound risk management is more important than ever. At the Wharton Risk Center, we engage with our partners to meaningfully support management of evolving threats, such as this one.

Risk Center resources and contributions from our scholars will be added to the site as made available. See the resources here.

Scaling up Coastal Ecosystem Protection

In our fifth Digital Dialogue, fourteen experts weigh in on what financial measures and policies are most successful for scaling coastal ecosystem protection.

Check out the dialogue!

Making a Case for Climate Change Adaptation

The long history of climate risk research that the Risk Center has done is highlighted in the Spring/Summer 2020 Issue of the Wharton Magazine.

Read More

Student Solutions to Climate Risk

In honor of the 50th anniversary of Earth Day, Penn student voices join faculty and researchers from across multiple schools, departments, and research centers at the university to share Climate Risk Solutions.

Visit the Website to Read Students’ Submissions

Featured Publications

In the News

Preserving Small Business in the Aftermath of the Coronavirus Catastrophe


Risk Center Executive Director Carolyn Kousky, Co-Director Howard Kunreuther and Senior Fellows Alexander Braun and Benjamin Collier offer their insights on public-private partnership opportunities and other policy approaches to business interruption due to the Coronavirus.

Read the full interview

What the Coronavirus Curve Teaches Us About Climate Change                                              


Howard Kunreuther, and Risk Center Senior Fellow, Paul Slovic, compare the challenges of the coronavirus with those of climate change. “As with the coronavirus, we need to anticipate the climate crisis and act quickly and aggressively to minimize further damages before they overwhelm us.”

Read more here

Can insurance lessen the economic costs of the coronavirus pandemic?

The Hill 

Op-Ed by Carolyn Kousky: “While insurance typically provides financial assistance in response to a damaging event, innovative risk transfer solutions are now starting to be used to actually prevent a disaster or to halt cascading impacts in the economy.”

See full article here

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Wharton Risk Management
and Decision Processes Center

St. Leonard’s Court | Suite 130
3819 Chestnut Street
Philadelphia, PA  19104

P: 215-898-5688
F: 215-573-2130