For over 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 to address a range of risks.
Building on the disciplines of economics, finance, insurance, marketing, psychology, and decision sciences, the Center’s research program is oriented around descriptive and prescriptive analyses.  Descriptive research focuses on how individuals and organizations interact and make decisions regarding the management of risk under existing institutional arrangements.  Prescriptive analyses propose ways that individuals and organizations, both private and governmental, can make better risk management decisions.