Wharton Risk Management and
Decision Processes Center
For three decades, the Risk Management and Decision Processes Center at the Wharton School of the University of Pennsylvania has been at the forefront of basic and applied research to promote effective corporate and public policies for low-probability events with potentially catastrophic consequences.
What We Do
Understanding and improving individual decision-making in the presence of uncertainty
Researching and evaluating strategies for risk communication, risk reduction, and risk transfer
Engaging decision-makers in designing
effective risk management policies
Howard Kunreuther and Michael Useem
- Draws on interviews with managers from a range of sectors that shed light on real-world experiences
- Provides important lessons for decision makers at all levels to reduce the likelihood and curtail the costs — human, financial, and reputational — of large-scale disruptions
- Hardcover; Published: 01 June 2018; 248 Pages; ISBN: 9780190499402
In the News
Wall Street Journal
“After superstorm Sandy hit the northeast in 2012, 8% of firms affected by the storm borrowed money from the agency’s disaster-lending program, according to a 2016 study by the University of Pennsylvania’s Wharton School and the Federal Reserve Bank of New York…”
Risk Center Updates
A new book from Cambridge University Press, Policy Shock, has just been released. Carolyn Kousky, Director for Policy Research and Engagement, wrote a chapter titled Revised Risk Assessments and Insurance Industry. The chapter addresses two questions: (1) What types of events lead the (re)insurance industry to update risk assessments? (2) How do companies, consumers, and the government respond to updated risk assessments?
The article by Jeffrey Czajkowski, Kevin Simmons and James Done has been selected to receive the RMIR Award for Best Article by the American Risk and Insurance Association (ARIA). This award is selected by a committee, chaired by Dr. Joan Schmit, which reviews all the articles published in the prior calendar year (2017) in ARIA’s Risk Management and Insurance Review.
Carolyn Kousky presented “National Flood Insurance Program: Issues and Implementation Strategies” at the 2018 annual conference of the Association of State Flood Plain Managers.
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Wharton Risk Management
and Decision Processes Center
St. Leonard’s Court | Suite 130
3819 Chestnut Street
Philadelphia, PA 19104