Howard Kunreuther

Department of Operations and Information Management

The Wharton School

University of Pennsylvania

Philadelphia, PA  19104-6366


Fax:      215-573-2130                                                                       

E-Mail:   kunreuther@wharton.UPENN.EDU                                       Work:  215/898-4589




9/55 - 6/59                   Bates College, A.B. (Major:  Economics)

                                    Magna Cum Laude


9/59 - 6/63                   September 1959 - June 1963

                                    M. I. T., Ph.D. in Economics (1965)




Current             Cecelia Yen Koo Professor of Decision Sciences and Public Policy

                                    Co-Director of the Wharton Risk Management and Decision Processes Center


Current             National Bureau of Economic Research (Research Associate)

            Senior Fellow, Wharton Financial Institutions Center, University of Pennsylvania


7/99 - present               Acting Chairman, Operations and Information Management Department


9/88 - 8/89                   Program Manager, Decision Risk and Management Science Program, National Science Foundation


7/80 - 6/82                   Task Leader of Risk Group, International Institute for Applied Systems Analysis


7/77 - 6/80                   Chairman of Decision Sciences Department


7/72 - 6/75                   Associate Professor of Decision Sciences, University of Pennsylvania


8/70 - 6/71                   Research Advisor at Pakistan Institute of Development Economics under Ford Foundation-Yale University Pakistan Project


10/66 - 6/72                 Assistant Professor, Graduate School of Business, University of Chicago


10/64 - 9/66                 Economist of the Institute for Defense Analyses (Economics and Political Studies Division), Arlington, Virginia


1963 - 1964                 Fulbright Scholar at Econometric Institute, Netherlands School of Economics



1999 –present              Delaware Valley Child Care Council (Board Member)


1999- present               Public Entity Risk Institute  (Board Member)


1999-present                Multi-Hazard Mitigation Council  (Board Member)


1994-2000                   National Academy of Science's Board on Natural Disasters.


1994-1996                   Advisory Panel for the Office of Technology Assessment on Federal  Efforts to  Reduce Earthquake Damage.


1996-1998                   Participant in National Science Foundation Mentoring Program on Natural Hazards


1993-1998                   Member of Building Seismic Safety Committee, National Research Council.


1991                            IIASA Review Panel, National Science Foundation, November 1991


1990 - 1991                 Policy Steering Committee for the CSIS Catastrophic Earthquake Project


1990                            "Issues Related to Earthquake Insurance and Earthquake Hazard Mitigation," testimony to US House of Representatives (Subcommittee on Policy Research and Insurance of Committee on Banking, Finance, and Urban Affairs), September 12.


1990                            "Issues Relating to Insurer Liability for Cleaning-Up Hazardous Waste Sites," testimony to US House of Representatives (Subcommittee on Policy Research and Insurance of  Committee on Banking, Finance, and Urban Affairs), September 27.


1989 - 1990                 Consultant to WGBH/NOVA Television Special, "Living Against the Odds."


1989                            Member of National Academy Advisory Group on Earthquake Economic Issues


1989 - 1991                 Member of National Academy Water Sciences and Technology Board


1988 - 1989                 Director, Decision Risk and Management Science Program, National Science Foundation


1986 - 1988                 Panel Member, Decision Risk and Management Science Program, National Science Foundation


1983 - 1984                 Member of National Association of Insurance Commissioner Task Force on Nuclear Risks


1979                            National Science Foundation Flood Hazard Mitigation Study


1979                            National Bureau of Standards Building Research and Technology Review Panel,


1979 - 1982.                Testified before US Subcommittee on Science and Technology, February 1980.


1976 - 1978                 Panel Member of National Academy of Sciences -- National Research Council Panel on "Socioeconomic Effects of Earthquake Prediction."


1972 - 1976                 Consultant to Federal Disaster Assistance Administration.


1975                            Consultant to UNESCO panel on "Man and the Biosphere."


1974 - 1975                 Consultant to National Academy of Sciences -- National Research Council Panel on Public Policy on Earthquake Prediction."


1972 - 1973                 Consultant to the Office of Emergency Preparedness, Office of Management and Budget, Disaster Study Task Force for the President.




1/97-Present                “Managing Catastrophic  Risks”   (joint with  Financial Institutions Center)


2/98-1/00                     National Science Foundation, “Role of Insurance and Other Policy Instruments in Managing Catastrophic Risks,”


6/97-5/98                     University of Washington/National Science Foundation, “Collaborative Study of Analogs to Earthquake Mitigation  


3/96-6/96                     National Science Foundation “Cost-Benefit Analysis Workshop” Co-Principal Investigator.


3/96-9/96                     U.S. Environmental Protection Agency, “Chemical Accident Investigation and the OECD’s Risk Assessment Terminology Project”, a joint project undertaken by the Wharton Risk Management and Decision Processes Center.


10/94 – 3/98               National Science Foundation grant on "The Role of Insurance and Regulations in Dealing with Natural Hazards,"Principal Investigator


10/93 – present            EPA cooperative agreement on "Implementing the Clean Air Act," with other faculty associated with the Wharton Risk Management and Decision Processes Center.


10/87-present               "Socioeconomic Impacts of Siting High Level Radioactive Waste Repository," State of Nevada.


4/94-8/94                     "Past Siting Experiences with Waste Storage Facilities,"  Office of the Nuclear Waste Negotiator.


1/91 - 1/94                   William and Flora Hewlett Foundation Grant on "Linking Descriptive Analysis with Policy Analysis for Dealing with Environmental Problems," principal investigator.


9/88 - 9/91                   National Science Foundation Grant on "The Role of Insurance, Compensation, Regulation, and Protective Behavior in Decision making About Risk and Misfortune," co-principal investigator.


1/87 - 1/89                   National Science Foundation Grant on "Low Bid Auctions with Benefit-Sharing for Noxious Facility Siting, co-principal investigator.


1/84 - 1/85                   National Science Foundation Grant on "The Role of Compensation and Negotiation in Siting Hazardous Waste Facilities," co-principal investigator.


11/82 - 12/83               National Science Foundation Grant on "Misinformation and Decision Processes in Insurance Markets," co-principal investigator.


9/76 - 9/77                   National Science Foundation Grant on "Mitigation and Recovery from Natural Hazards," co-principal investigator.


7/73 - 7/76                   National Science Foundation Grant on "Reducing Losses from Selected Natural Hazards, Role of Public and Private Sectors," co-principal investigator.


1972                            Ford Foundation Summer Study Award to study "Decision-Making by Firms in Developing Countries."


1963 - 1964                 Fulbright Scholar, Econometric Institute, Netherlands




Society for Risk Analysis: Elected Fellow 1992; Outstanding Service Award, 1990;Treasurer, 1983-85

Phi Beta Kappa

American Economic Association

The Institute of Management Sciences --Associate Editor, 1974 - 1980;Council Member, 1989-1991

Risk Analysis, Associate Editor, 1984 -Present

Risk Abstracts, Board of Editors, 1984-Present

Journal of Risk and Uncertainty, Associate Editor, 1987 -Present

Journal of Regulatory Economics, Associate Editor, 1988 -1998

Mass Emergencies, Associate Editor, 1977 - 1981




1980                Western Electric Fund Award, with Paul Schoemaker and Paul Kleindorfer, for the program "Decision Sciences Applied to University Problems."  The award is given annually for outstanding achievements in the area of educational innovation in undergraduate education for business administration.


1983                Wharton Graduate Teaching Excellence Award.




Books and Monographs

Paying the Price: The Status and Role of Insurance Against Natural Disasters in the United States, with Roth, Richard, Sr.  ed.  (1998), Washington, D.C: Joseph Henry Press.


Managing Environmental Risk Through Insurance, with Paul K. Freeman Washington, DC:  American Enterprise Institute and Boston Kluwer Academic Publishers , 1997.


“Challenges in Risk Assessment and Management,” edited with Paul Slovic, Annals of American Academy of Political and Social Science, May 1996.


Energy, Environment and the Economy:  Asian Perspectives, with Paul R. Kleindorfer and David S. Hong (eds.)  Edward Elgar Publishing Limited, 1996.


The Dilemma of Siting a High-Level Radioactive Waste Repository, with Doug Easterling, Boston Kluwer (1995).


Decision Sciences, An Integrated Perspective, with Paul Kleindorfer and Paul Schoemaker, Cambridge University Press, 1993.


Edited special issue of Journal of Risk and Uncertainty with Colin Camerer on "Making Decisions about the Liability in Insurance," December 1993.


International Trade in Insurance, with Mark Pauly.  Irwin Publishers, 1990.


Integrating Insurance and Risk Management Strategies for Hazardous Wastes, with Rajeev Gowda (eds.).  Kluwer Publishers, 1990.


Insuring and Managing Hazardous Risks:  From Seveso to Bhopal and Beyond, with Paul Kleindorfer (eds.).  Berlin:  Springer-Verlag, 1987.


Risk Analysis and Decision Processes:  The Siting of LEG Facilities in Four Countries, with J. Linnerooth, J. Lathrop, H. Atz, C. Mandl, S. MacGill, M. Schwartz, M. Thompson.  Berlin:  Springer-Verlag, 1983.


Risk:  A Seminar Series, H. Kunreuther (ed.).  IIASA, 1982.


The Risk Analysis Controversy, with E. Lay (ed.).  Berlin:  Springer-Verlag, 1982.


Disaster Insurance Protection:  Public Policy Lessons, with R. Ginsberg, L. Miller, P. Sagi, P. Slovic, B. Borkan, and N. Katz.  Wiley Interscience, 1978.


An Interactive Modelling System for Disaster Policy Analysis, with Lepore, Miller, Vinso, Wilson, Borkan, Duffy, and Katz.  Boulder:  Institute for Behavioral Science, 1978.


Recovery from Natural Disasters:  Insurance or Federal Aid?  Washington:  American Enterprise Institute for Public Policy Research, 1973.


The Economics of Natural Disasters:  Implications for Federal Policy, with D. Dacy.  New York:  The Free Press, MacMillan, 1969.  This book won the 1971 Elizur Wright Award for the publication that made "the most significant contribution to the literature of insurance."


Published Papers


“The Affection Effect in Insurance Decisions,” with Christopher K. Hsee Journal of Risk and Uncertainty (in press)


“Determinants of Priority for Risk Reduction:  The Role of Worry,” (with  Jonathan Baron and John

Hershey)   Risk Analysis   (forthcoming)


“Coping with Stigma:  Challenges and Opportunities,” (with Paul Slovic)   Risk  (Summer 1999). This paper is reprinted in Risk, Media, and Stigma   (London: Earthscan)  ( in press)


“Incentives for Mitigation Investment and More Effective Risk Management: The  Need for Public-Private Partnerships”  Journal of Hazardous Material   (in press)


“Risk Management in an   Era Of Global Environmental Change” in Encyclopedia for Earth and Environmental Science   New York: Wiley  (in press)


“Public Policy”  (with Patricia Grossi)   Chapter  in  Financial Decisions and Catastrophe Risk Berkeley, CA: Earthquake Engineering Research Institute


“The Use of Insurance and Other Policy Instruments in Managing Catastrophic Risk”  (with Patricia Grossi, Weimin Dong, Paul Kleindorfer, Scott Lawson)   in  Proceedings of 12th World Conference on Earthquake Engineering  Auckland, New Zealand  2000.


“The Financial Management of  Catastrophic Flood Risks in Emerging Economy Countries,”  with

Joanne Linnerooth-Bayer  Risk Analysis   (forthcoming)


“Third Party Inspections as an Alternative to Command and Control Regulation,” with Patrick McNulty and Yong Kang to be published in  (Eric Orts ed) Environmental Contracts and Regulatory Innovation: Comparative Approaches in Europe and the United States    (forthcoming)


 “Customizing Indemnity Contracts and Indexed Cat Bonds  (with David Croson)   Journal of Risk Finance   (forthcoming)


"Insurance as a Cornerstone for Public-Private Sector Partnerships", Natural

Hazards Review  (forthcoming)


“The Need for Public-Private Partnerships in Reducing Losses from Natural Disasters” Building Standards   March-April 2000



“Linking Insurance and Mitigation to Manage Natural Disaster Risk,”

Handbook of Insurance, Georges Dionne (ed), Kluwer Academic Publishers, Boston, 2000.


 “A Cat Bond Premium Puzzle?” (with Vivek Bantwal)   Journal of Psychology and Financial Markets 2000, Vol. 1, No. 1


"The Complimentary Roles of Mitigation and Insurance In Managing Catastrophic Risks, "   with Paul Kleindorfer, Risk Analysis   Vol 19.  No. 4  (1999)


"Challenges Facing the Insurance Industry in  Managing Catastrophic Risks with Paul Kleindorfer, in Kenneth Froot (ed.), The Financing of Property/Casualty Risks, (Chicago: University of Chicago Press) (1999).


“The Role of Insurance in Dealing with Catastrophic Risks from Natural Disasters,” Alternative Approaches to Insurance Regulation, (1998).


“Policy Design for Earthquake Hazard Mitigation:  lessons from Energy Conservation, Radon

Reduction and Termite Control,” with Peter J. May and Raymond J. Burby, Earthquake Spectra, Vol.

14, No. 4, November 1998.


"Guaranteed Renewability with Group Insurance," with Mark Pauly and Andreas Nickel Journal of Risk

and Uncertainty, 16:211-221, 1998.


“Time Insensitivity for Protective Investments,”  with Ayse Onculer and Paul Slovic, Journal of Risk

and Uncertainty, 16:279-299 (1998).


“Utilizing Third Party Inspections for Preventing Major Chemical Accidents,” with Jweeping Er

and Isadore Rosenthal, Risk Analysis    April, 1998.


"Managing Catastrophic Risks Through Insurance and Mitigation", in Proceedings of the 5th Alexander Howden Conference on "Financial Risk Management for Natural Catastrophes Gold

Coast, Australia, August 24-26, 1997.


 “Overcoming Tunnel Vision:  Redirecting the U.S. High-Level Nuclear Waste Program,” with James Flynn, Roger Kasperson and Paul Slovic, Enviornment, April 1997, Volume 39, Number 3.


 “Retroactive Liability or the Public Purse?” with James Boyd, Journal of Regulatory Economics, 11:79-90 (1997).


"A Dynamic Model of Organizational Decision Making Chemco Revisited Six Years After Bhopal," with Edward Bowman, Organization Science, Vol. 8, No. 4, July-August 1997.


“Verbesserung von Allokationsentscheidungen bei geringem Informationsstand am Beispiel von Managed-Care,” with Andreas Nickel, Allokation der Ressourcen bei Sicherheit und Unsicherheit, Nomos Verlagsgesellschaft Baden-Baden (1997).


“Insurance Solutions for Environmental Risk,” with Paul Freeman, Engineering News-Record, June 2, 1996.


 “Protecting the Environment:  Finding the Balance Between Delaney and Free Play,” with Geoffrey Hazard, Jr., Journal of International Economic Law, Summer 1997, Volume 18, Number 2.


  “Rethinking Society’s Management of Catastrophic Risks,” The Geneva Papers on Risk and Insurance, (No. 83, April, 1997) 151-176.


“Retroactive Liability or the Public Purse?” with James Boyd, Journal of Regulatory Economics, 11:79-90 (1997).


"The Role of Compensation in Siting Hazardous Facilities," with  Doug Easterling, Journal of Policy Analysis and Management  (September 1996)


"Organizational Choice Under Ambiguity:  Decision Making  in the Chemical Industry Following Bhopal,” with Jacqueline Meszaros, Zur Shapira (ed.) Organizational Decision Making (Cambridge University Press, 1996).


 “The Role of Insurance and Well-Specified Standards in Dealing with Environmental Risks,”  with Paul Freeman,  Managerial and Decision Economics Vol. 17, 517-530, (1996).


Voluntary Procedures for Siting Noxious Facilities:    Lotteries, Auctions and Benefit-Sharing," Critical Cases in Hazardous Waste Facility Siting:  Seeds of  Success and Roots of Failure,  Munton-Castle (1996).       


  “The Insurability of Risks,” with Paul K. Freeman, Vlasta Molak (ed.) Fundamentals of Risk Analysis and Risk Management, Lewis Publishers, 1996.


 “Parents’ Decisions to Forego Pertussis Vaccination for their  Children: Nonfinancial Barriers to Access,” with Jacqueline R. Meszaros, David A. Asch, Jonathan Baron, John C. Hershey, and Joanne Schwartz-Buzaglo,  Journal of Clinical Epidemiology, 49, 697-703, 1996.


“Risk Perception and Trust: Challenges for Facility Siting,” with Paul Slovic, Donald MacGregor Risk

Risk Health, Safety and Enviornment, Volume 7, No. 2, Spring 1996.


 “Science, Values, and Risk,” with Paul Slovic,  Challenges in Risk Assessment and Risk Management, Ed. by Howard Kunreuther and Paul Slovic, Special Issue of The Annals of the American Academy of Political and Social Science, May 1996.


             “Mitigating Disaster Losses Through Insurance,”  Journal of Risk and Uncertainty,  May, 1996.


“Environment, Regimentation et Assurance,” with Paul Freeman, Risqué, Juillet, September 1995.


"Short-run and long-run policies for increasing bicycle transportation for daily commuter trips," with Robert B. Noland, Transportation Policy, Vol.2, No1,    pp. 67 - 79, 1995.


“Guaranteed Renewability in Insurance,” with Mark Pauly and Richard Hirth, Journal of Risk and Uncertainty, (March 1995).


"Safety First and Ambiguity" with Lawrence Berger,  Journal of Actuarial Practice, (1995).


"Ambiguity and Underwriter Decision Processes" with Meszaros, Hogarth and Spranca, Journal of Economic Behavior and Organization , 1995.


"Decision Making Under-Ignorance:  Arguing with Yourself," with R. Hogarth, Journal of Risk and Uncertainty, 1995.


 “How the Scope and Method of Public Funding Affect Willingness to pay for Public Goods,” with Donald

Philip Green and Daniel Kahneman, Public Opinion Quarterly, Volume 58:49-57, 1994.


"Protection Against Low Probability, High Consequence Events," Sistema Terra, July, 1994.


The Role of the National Flood Insurance Program in Reducing Losses and Promoting Wise Use of Floodplanning, (with Gilbert White) Water Resources Update, Spring 1994.


"The Role of Insurance in Dealing with Hazard Problems," in World Conference on Natural Disasters Reduction, Yokahamo, Japan, May 1994.


"Siting of Hazardous Facilities," with Paul Kleindorfer, in Handbook of Operations Research, 1994.


"The Role of Insurance and Mitigation in Reducing Disaster Losses,"John Liner Review, January 1994.


"Reducing the Risk:  Is Insurance doing all it should?"  in (Britton, N. and Henry, J. Catastrophe Insurance for Tomorrow:  Planning for Future Adversitics, (Brishae, Australia: Sterling Offices 1993).


"Insurer Ambiguity and Market Failure," with Hogarth and Meszaros, Journal of Risk and Uncertainty, December 1993.


"Framing Probability Distortions and Decisions," with Johnson, Hershey and Meszaros, Journal of Risk and Uncertainty, December 1993.


"Earthquake Insurance as a Hazard Reduction Strategy: The Case of a Homeowner," in USGS Monograph on Socioeconomic Impacts of Earthquakes, 1993.


"The Vulnerability of the Convention Industry to the Siting of a High Level Nuclear Waste Repository," with Douglas Easterling.  Public Opinion and Nuclear Waste, Riley Dunlap and Eugene Rosa (eds.) Duke University Press, 1993.


"Public Opinion, Perceived Risk and Nuclear Wastes:  National and Nevada Perspectives," with William Desvousges and Paul Slovic.  Public Opinion and Nuclear Waste, Riley Dunlap and Eugene Rosa (eds.) Duke University Press, 1993.


"Siting Noxious Facilities: A Test of the Facility Siting Credo," with Kevin Fitzgerald and Thomas Aarts, Risk Analysis, Vol 13 (3), 1993.


"Attitudes Toward Managing Hazardous Waste: What Should be Cleaned Up and Who Should Pay for It?" with Jonathan Baron and Rajeev Gowda, Risk Analysis, April 1993.


"How Should Society Deal with the Earthquake Problem?" with Neil Doherty and Anne Kleffner, Regulation Magazine, Spring 1992.


"Should Earthquake Mitigation Measures Be Voluntary or Required?" with Anne Kleffner, Journal of Regulatory Economics, Vol. 4, 1992.


"A Conceptual Framework for Managing Low Probability Events," in Social Theories of Risk, Sheldon Krimsky and Dominic Golding (eds.).  New York:  Praeger, 1992.


"Time to Rethink Nuclear Waste Storage," with James Flynn, Roger Kasperson and Paul Slovic,  Issues in Science and Technology, Vol VIII (4), 1992.


"Pricing Insurance and Warranties: Ambiguity and Correlated Risks," with Robin Hogarth, The Geneva Papers on Risk and Insurance Theory, July 1992.


"Decision making under ignorance: Arguing with yourself," with Robin Hogarth, Decision-Making and Leadership, Frank Heller (ed.).  Cambridge University Press, 1992.


"Gaining Acceptance for Noxious Facilities with Economic Incentives," with Douglas Easterling, The Social Response to Environmental Risk:  Policy Formulation in an Age of Uncertainty, D.W. Bromley and K. Segerson (eds.), Boston: Kluwer Publishers, 1992.


"How Does Ambiguity Affect Insurance Decisions?" with Robin Hogarth, in Georges Dionne (ed.) Contributions to Insurance Economics, Boston: Kluwer, 1992.


"Wheel of Fortune: A Lottery/Auction Mechanism for Siting of Noxious Facilities," with Paul Portney, Journal of Energy Engineering, December 1991.


"Incentives Policies to Site Hazardous Waste Facilities," with Robin Gregory, Douglas Easterling, Ken Richards,  Risk Analysis, Vol 11 (4), 1991.


"The Impact of a Catastrophic Earthquake on Insurance Markets," with Neil Doherty and Anne Kleffner report prepared for the Federal Emergency Management Agency (FEMA), September 1991.


"Insurance Perspectives on an Integrated Hazardous Waste Management Strategy," with Neil Doherty and Paul Kleindorfer.  Paper presented at conference on "Risk Assessment and Risk Management Strategies for Hazardous Waste Storage and Disposal Problems," The Geneva Papers, Summer 1991.


"Ambiguity and Government Risk-Bearing for Low Probability Events."  Proceedings of Conference on Government Risk-Bearing, Federal Reserve Bank of Cleveland, May 1991.


"Compensation Schemes for Negative Externalities: A Field Experiment," with David Brookshire and Don Coursey, Research in Experimental Economics, Greenwich: Jai Press, Vol 4, 1991.


"Managing the Risks of Hazardous Waste," with Ruth Patrick, Environment, April 1991.


"Managing Hazardous Wastes - Past, Present, and Future.  Special Issue of Risk Analysis."  Proceedings of Conference on Minimizing Environmental Damage: Strategies for Managing Hazardous Waste, March 1991.


"Public Attitudes Toward Siting a High Level Nuclear Waste Repository in Nevada," with Douglas Easterling, William Desvousges and Paul Slovic, Risk Analysis, December 1990.


"Are Risk-Benefit Tradeoffs Possible in Siting Hazardous Facilities?" with Douglas Easterling, American Economic Review: Papers and Proceedings, May 1990.


"Successful Siting Incentives," with Robin Gregory, Civil Engineering, April 1990.


"Experimental Markets for Insurance," with Colin Camerer, Journal of Risk and Uncertainty, 1989


"The Role of Actuaries and Underwriters in Insuring Risks: The Case of Environmental Pollution Liability Coverage," Risk Analysis, September 1989.


"Decision Processes for Low Probability Events: Policy Implications," with Colin Camerer, Journal of Policy Analysis and Management, September 1989.


"Risk, Ambiguity, and Insurance," with Robin Hogarth, Journal of Risk and Uncertainty, April 1989.


"A Dynamic Model of the Transmission of Price Information in Auto Insurance Markets," with Paul Kleindorfer and Larry Berger, Journal of Risk and Insurance, March 1989.


"Ex Ante and Ex Post Valuation Problems: Economic and Psychological Considerations, Amenity Resource Valuation: Integrating Economics with Other Disciplines," with Paul Kleindorfer, Amenity Resource Valuation:  Integrating Economics with Other Disciplines, 1988.


"Risk Management Tools for Bridging the Expert/Layperson Gap," with Rudy Yaksick, Industrial Crisis Quarterly, 2, 1988.


"Nevada's Predicament: Public Perceptions of Risk from the Proposed Nuclear Waste Repository," with William Desvousges and Paul Slovic, Environment, October 1988.


"Post-Bhopal Behavior at a Chemical Company," with Edward Bowman, Journal of Management Studies, July 1988.


"A Compensation Mechanism for Siting Noxious Facilities: Theory and Experimental Design," with Paul Kleindorfer, Peter Knez and Rudy Yaksick, Journal of Environmental Economics and Management,  December 1987.


"Problems and Issues of Environmental Liability Insurance," The Geneva Papers on Risk and Insurance, July 1987.

"Gridlock in Environmental Insurance," Environment, January-February 1987.


"Failure of Environmental Pollution Insurance:  Proposed Solutions and Research needs," Environment, January-February 1987.


"Benefits Assessment for Regulatory Problems" with Lisa Bendixen, Benefits Assessment: The State of the Art, J.D. Bentkover et. al. (eds.), D. Reidel Publishers, 1986.


"Behavioral Insights for Public Policy:  Ex-Ante/Ex-Post Considerations," Handbook of Behavioral Economics:  Behavioral Macroeconomics, 1986.


"Market Behavior with Inside Information," with Mark Pauly, Journal of Public Economics, 1986.


"Comments on Plott and on Kahneman, Knetsh and Thaler," The Journal of Business, October 1986.


"A Sealed Bid Auction Mechanism for Siting Noxious Facilities"  with Paul Kleindorfer American Economic Review, May 1986.


"A Behavioral Model of the Adoption of Protective Activities," with W. Sanderson and R. Vetschera, Journal of Economic Behavior and Organization, March 1985.


"Public Protection Against Misperceived Risks:  Insights from Positive Political Economy," with Mark Pauly and J. Vaupel, Public Choice, 1984.


"Health Insurance under Competition:  Will People Choose What is Expected?" with jack Hershey, S. Schwartz and S. Williams, Inquiry, 1984.


"Natural and Technical Hazards:  Similarities and Differences," Proceedings for NATO Advanced Study Institute Program for Technology Assessment, Environmental Impact Assessment and Risk Analysis, 1983.


"Decision Making in Hazard Resource Management," with Paul Slovic, Geography Resources and Environment, Vol II, Robert W. Kates and Ian Burton (eds.), University of Chicago Press, pp. 153-158, 1986.


"The Decision-Process Perspective on Risk Analysis," with J. Linnerooth and J. Vaupel, Management Science, April 1984.


"Low Probability Accidents," with J. Linnerooth, Risk Analysis, June 1984.


"Causes of Underinsurance Against Natural Disasters," Geneva Papers on Risk and Insurance, April 1984.


"Equilibrium in Insurance Markets with Experience Rating," Chapter 5, Economic Analysis of Regulated Markets, with Mark Paul, J. Finsinger (ed.), 1983.


"Misinformation and Equilibrium in Insurance Markets," Chapter 4, Economic Analysis of Regulated Markets, with Paul Kleindorfer, J. Finsinger (ed.), 1983.


"Insuring Against Country Risks:  Descriptive and Prescriptive Aspects," Managing International Risk, R. Herring (ed.).  Cambridge University Press, 1983.


"Insurance Regulation and Consumer Behavior in the United States:  The Property and Liability Industry," Journal of Institutional and Theoretical Economics, with Paul kleindorfer and Mark Pauly, 1983.


"Societal Decision making for Low Probability Events."  Panel discussion at ORSA/TIMS Meeting in Chicago, 1983.


"Interactive Computer Modeling for Policy Analysis:  The Flood Hazard Problem."  Paper prepared for special issue, Water Resources Research, with L. Miller, 1983.


"A Multi-Attribute Multi-Party Model of Choice:  Descriptive and Prescriptive Considerations," Analyzing and Aiding Decision Processes, P. Humphreys and A. Vari (eds.).  Amsterdam:  North Holland, 1983.


"Sources of Bias in Assessment Procedures for Utility Functions," Management Science, with Jack Hershey and Paul Schoemaker, 1982.


"A Descriptive Model of Choice for Siting Facilities," Behavioral Science, with J. Lathrop and J. Linnerooth, 1982.


"Societal Decision making for Low Probability Events:  Descriptive and Prescriptive Aspects," Liquified Energy Gas Facility Siting, H. Kunreuther, J. Linnerooth and R. Starnes (eds.).  Proceedings of an IIASA Task Force Meeting, 23 - 26 September, Laxenburg, IIASA, 1982.


"Decision Making for Low Probability Events:  A Conceptual Framework," Risk:  A Seminar Series, H. Kunreuther (ed.).  Laxenburg, IIASA, 1982.


"The Economics of Protection Against Low Probability Events," New Directions in Decision Making:  An Interdisciplinary Approach to the Study of Organizations, G. Ungson and D. Braunstein (eds.).  Boston:  Kent Publishing, 1982.


"Natural Disasters and their Long-Term Effects:  A Commentary," Social Science and Natural Hazards, J. Wright and P. Rossi (eds.).  Abt Books, Cambridge, MA, 1981.


"Siting Hazardous Facilities:  Lessons from LNG," with J. Lathrop, Risk Analysis, 1981.


"Issues on Earthquake Insurance," CPCU Journal, September 1981.


"Decision Analysis for Complex Systems," Knowledge, with Paul Schoemaker, March 1981.


"The Changing Societal Consequences of Risks from natural Hazards," Annals of the American Academy of Political and Social Science, Vol 443, May 1979.


"Contingency Planning Against Low Probability Events," Best's Review, with B. Borkan, Vol 80, May 1979.


"Why Aren't They Insurer?" The Journal of Insurance, Vol XL, September-October 1979.


"An Experimental Study of Insurance Decisions," The Journal of Risk and Insurance, with Paul Schoemaker, December 1979.


"Safety-First, Gambling, and Subsistence Farmer," Risk Uncertainty and Agricultural Development, with G. Wright, J. Roumasset, J. Boussard and I. Singh (eds.).  Philippines:  Searca 1979.


"Stochastic Horizons for the Aggregate Planning Problem," Management Science, with Paul Kleindorfer, January 1978.


"Even Noah Built an Ark -- Why Aren't you Insured?" Wharton Magazine, Summer 1978.


"Economics, Psychology and Protective Behavior," American Economic Review:  Papers and Proceedings, May 1979.


"Drug Taking Compliance as an Innovation -- Decision Process," Health Services Research, with Jack Hershey, Winter 1978.


"Guidelines for Coping with the Impact of Natural Disasters and Climatic Change," The Future of Risk.  New York:  Risk Studies Foundation, 1978.


"Towards a Community Disaster Model," Mass Emergencies, with B. Borkan, N. Katz and L. Miller, March 1978.


"Protection Against Low Probability Events:  A Sequential Model of Choice," Proceedings of the Seventh Annual Pittsburgh Conference on Modelling and Simulation, April 1978.


"Reducing Losses from Selected Hazards:  Role of the Public and Private Sectors," Proceedings of the RANN 2 Symposium, Washington, DC, November 1976.


"Limited Knowledge and Insurance Protection," Public Policy, Spring 1976.


"Cotton, Corn, and Risk in the Nineteenth Century," with G. Wright, Journal of Economic History, September 1975.


"Economic Analysis of Natural Hazards:  An Ordered Choice Approach," Natural Hazards:  Local, National and Global, G. White (ed.).  Oxford University Press, 1974.


"Decision Processes, Rationality, and Adjustments to Natural Hazards:  A Review and Some Hypotheses," Natural Hazards:  Local, National and Global, with Paul Slovic and G. White, G. White (ed.).  Oxford University Press, 1974.


"Disaster Insurance:  A Tool for Hazard Mitigation," Journal of Risk and Insurance, June 1974.


"Planning Horizons for the Dynamic lot Size Model with Backlogging," Management Science, with J. Blackburn, November 1974.


"General Planning Horizons for Production Smoothing with Deterministic Demands, II.  Extensions to Overtime, Undertime and Backlogging," with T. Morton, Management Science, 1974.


"General Planning Horizons for Production Smoothing with Deterministic Demands, I. All Demands Met from Regular Production," Management Science, with T. Morton, September 1973.


"The Challenge of Long‑Term Recovery from Natural Disasters:  Implications for Bangladesh," in The Oriental Geographer, with M.A. Islam, July 1973.


"Why the Poor May Pay More: Theoretical and Empirical Evidence," Journal of Business, July 1973.


"Joint Pricing and Inventory Decisions for Stable Priced Items," Management Science, with L. Schrage, March 1973.


"Values and Costs," Building Practices for Disaster Mitigation, National Bureau of Standards, February 1973.


"Production Planning Algorithms for the Inventory‑Overtime Trade‑off," Operations Research, November‑December 1971.


"Risk Taking and Disaster Insurance," Proceedings of Earthquake Risk Conference, San Jose, CA: Joint Committee on Seismic Safety, October 1971.


"Optimal Pricing and Inventory Decisions for Non‑Seasonal Items," Econometrica, with J.F. Richard, January 1971.


"Developing an Economically Meaningful and Feasible System of Flood Insurance," Water Resources Research, with J. Schaeffer, April 1970.


"Statistical Studies of the Postdisasater Period," Human Ecology of the Alaska Earthquake, Washington, DC, NAS-NRC, July 1970.


"Extensions of Bowman's Theory on Managerial Decision-Making," Management Science, April 1969.


"The Case for Comprehensive Disaster Insurance," Journal of Law and Economics, April 1968.


"The Peculiar Economics of Disaster," Papers on Non-Market Decision Making, Vol III, Fall 1967.


"Disaster and Recovery," Symposium on Emergency Operations, Santa Monica, CA: Systems Development Corporation, 1966.


"Scheduling Short-Run Production Changes to Minimize Long-Run Expected Costs," Management Science, March 1966.


"The Use of Pearsonian Approximation in Comparing Deflated and Undeflated Regression Estimates," Econometrica, January 1966.






Unpublished Papers


“Making Low Probabilities Useful  (with Nathan Novemsky and Daniel Kahneman)  (submitted  to   Journal of Risk and Uncertainty)


“Incentives for Mitigation Investment and More Effective Risk

Management The need for Public-Private partnerships,” Presented at the World Bank Conference

on “Issues for a Consultative Group for Global Disaster Reduction,” Paris, France, June 1-2,



"Worry and Warranties," Christian Schade.


 “Mitigation and Benefits Measures as Policy Tools for Siting potentially, Hazardous Facilities: 

Determinants of Effectiveness and Appropriateness,”  Hank Jenkins Smith



 “Strategies for Dealing with Large-Scale Natural and Environmental

Risks,” Center Working Paper.


“Reducing Losses from Technical and Natural Hazards: The Need for Public- Private Sector 

Partnerships” Presented at the “Forum Engelberg:  Risk and Safety of Technical Systems in

View of Profound Changes,” March 23-26, 1999.



“Insurance as an Integrating Policy Tool for Disaster Management the Role of Public-Private Partnerships.” Paper Presented at the Western United States Earthquake Insurance Summit Conference, Sacramento, CA June 24-26, 1998.


 “Mitigation and Competition as Policy Tools For Siting Potentially Hazardous Facilities: Evidence From Field Survey Data,” with Hank Jenkins Smith, Center working paper.


 “Challenges in Providing Information for Decision Making,” Center working paper.


 “Environmental Insurance as Facilitator in Brownfields Transactions,” with Steven L. Bray and  Paul K. Freeman, Center working paper.


 “Coping with Stigma:  Challenges and Opportunities,” with and Paul Slovic, Presented at the “Annenberg Conference on Risk, Media, and Stigma,” Philadelphia, PA  March 23-24, 1997.


 “Mitigating Losses and Providing Protection Against Catastrophic Risks  The Role of Insurance and Other Policy Instruments,” presented at the European Society for Risk Analysis meeting in Guildford, England on June 4, 1996.


                         “The Insurability of Risks,” with Paul K. Freeman.


              “The Role of Insurance in Dealing with Catastrophic Risks from Natural Disasters” (Presented at the

              Allied Social Science Association Meeting  January, 1996)


“New Strategies for Dealing with the  Earthquake Hazard” (Presented at the Conference on Economic Consequences of Earthquakes:  Preparing for the Unexpected, September 12-13, 1995) to be published in  proceedings.


"Reducing Losses from Natural Disasters Through Insurance and Mitigation: A Cross-Cultural Comparison," with  Neil Ericksen, and John Handmer, October, 1, 1994.


"Siting Hazardous Facilities: Lessons form Europe and America," with Joanne Linnerooth-Bayer and Kevin Fitzgerald, August 1994. 


"The Role of Insurance and Performance Standards in Dealing with Environmental Risks," with Paul Freeman . This paper was presented at American Enterprise Institute Conference on Superfund,         June, 3, 1994.


"The Role of Insurance in Reducing Losses from Natural Hazards."  This paper was presented at the World Conference for Natural Disaster Reduction in Yokohama, Japan,  June 1994.   


"Risk Perception and Trust Challenges for Facility Siting and Risk Management," with Paul Slovic, and Donald MacGregor.This paper was presented at the IIASA Workshop on Risk and Fairness, May 23, 1994


Book Reviews


Viscusi, K. "Learning About Risk: Consumer and Worker Responses to Hazard Information," Journal of Economic Literature, Vol. XXVII, March 1989.


Abraham, K. "Disturbing Risk," Regulation, Issue 2, 1987.


Akerlof, G. "An Economic Theorist's Book of Takes," Journal of Economic Literature, March 1986.


Palm R. "Real Estate Agents and Special Studies Zone Disclosure," Mass Emergencies and Disasters, 1986.


May P., "Recovering from Catastrophies," Journal of Policy Analysis and Management, 1986.


Saarinen, T. and J. Sell, "Warning and Responses to the Mount St. Helen's Eruption," Journal of Policy Analysis and Management, 1986.


Mazur, A., "Dynamics of Technical Controversy," American Journal of Sociology, May 1984.


Griffiths, R. (Ed.), "Dealing with Risk:  The Planning Management Acceptability of Technological Risk," European Economic Review, 1982.


Abernathy, et. al., "Operations Management:  Text and Cases," with M. Cohen, Journal of Business, January 1978.


D. Sexton, Jr., "Groceries in the Ghetto" Journal of Business, July 1975.


R. Harris and M. Maggard, "Computer Models in Operations Management," with J. DeVogd, Journal of Business, January 1974.


M. Hottenstein, "Models and Analysis of Production Management," Journal of Business, July 1969.



Op‑Ed Pieces


“Risk Analysis For Catastrophic Events “   Financial Times   (Mastering Risk Series)   June 2000


"Selling the Average Joe on Strict Building Codes Disasters"  Los Angeles Times, November 16, 1999.


“How can the insurance industry’s record losses from natural disasters in recent years be reduced?” Risk: The Times Higher, May 31, 1998.


 "Please! Choose My Backyard," Christian Science Monitor, September 19, 1990.


"An Insurance Crisis for Polluters," Philadelphia Inquirer, January 12, 1988.


"A New Way to Site Hazardous Facilties," The Wall Street Journal, December 27, 1985.