NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Rules Rather Than Discretion: Lessons from Hurricane Katrina

Howard Kunreuther, Mark Pauly

NBER Working Paper No. 12503
Issued in August 2006

---- Acknowledgements -----

We would like to thank Erwann Michel Kerjan and Kip Viscusi for their helpful comments on an earlier draft of this paper. Support from NSF Grant Number CMS-0527598 and the Wharton Risk Management and Decision Processes Center is gratefully acknowledged.

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