Howard Kunreuther

Professor of Operations and Information Management

AB, Bates College

Ph.D., Massachusetts Institute of Technology

Current research projects are associated with ways that society can deal more effectively with problems of managing catastrophic risks. Also concerned with how insurance can be utilized to deal with natural hazards and environmental risk more effectively through a better understanding of the concepts of insurability and interdependent security.

Office Location: 
563 Huntsman Hall
Research Interests: 

Decision Processes

Selected Publications: 

Howard Kunreuther, Mark V. Pauly, Stacey McMorrow, Behavioral Economics and Insurance: Improving Decisions in the Most Misunderstood Industry (2013).

Erwann Michel-Kerjan, Howard Kunreuther (2011), Redesigning Flood Insurance, Science Magazine, 333 (6041), 408 - 409.

Howard Kunreuther, Erwann Michel-Kerjan (2011), People Get Ready: Disaster Preparedness, Issues in Science and Technology

Howard Kunreuther, Christian Schade (2011), Protecting Against Low Probability Disasters: The Role of Worry,Journal of Behavioral Decision Making, J. Behav. Dec. Making doi: DOI: 10.1002/bdm.754.

Howard Kunreuther, Michael Useem, Learning from Catastrophes: Strategies for Reaction and Response (2010).

Howard Kunreuther, Erwann Michel-Kerjan, At War with the Weather (2009).

Howard Kunreuther, Erwann Michel-Kerjan (2009), Market and Government Failure in Insuring and Mitigating Natural Catastrophes: How Long-Term Contracts Can Help, Public Insurance and Private Markets, Jeffrey R, Brown, (ed.), AEI Press.

Ronald Daniels, Donald Kettl, Howard Kunreuther, On Risk and Disaster: Lessons from Hurricane Katrina (2006).

Managing Large-Scale Risks in a New Era of Catastrophes (with Neil Doherty, Martin Grace, Robert Klein, Erwann Michel-Kerjan, Mark Pauly), The Wharton Risk Management Center’s report on Phase II of its study in conjunction with Georgia State University and the Insurance Information Institute, March, 2008. MIT Press (forthcoming).

(with R. Daniels and D. Kettl)
On Risk and Disaster: Lessons Learned from Hurricane Katrina . Philadelphia: University of Pennsylvania Press (2006).

(with N. Doherty, E. Goldsmith, S. Harrington, P. Kleindorfer, E. Michel-Kerjan, M. Pauly, I. Rosenthal, and P. Schmeidler)
TRIA and Beyond . Wharton Risk Center (2005).

Catastrophe Modeling: A New Approach to Managing Risk P. Grossi and C. Patel, eds., Boston: Kluwer Academic Publishers (2005).

“Long-Term Insurance for Reducing Losses from Catastrophic Risks.” Social Research. 75:3 (Forthcoming). (with A. Muermann) “Self-protection and insurance with interdependencies,” Journal of Risk and Uncertainty, (2008) 36:103–123. (with G. Heal)
“Modeling Interdependent Risks” Risk Analysis, Vol. 27, No. 3, pp. 621-634, 2007.

(with E. Michel-Kerjan)
“Climate Change, Insurability, and Liability” University of Pennsylvania Law Review, Vol. 155, June 2007.

(with D. Krantz)
“Goals and Plans in Decision Making” Judgment and Decision Making, Vol. 2, No. 3, pp. 137-168, June 2007.

(with M. Pauly) “Rules Rather than Discretion: Lessons from Hurricane Katrina,” in Journal of Risk and Uncertainty, Vol. 33, No. 1-2, Sept 2006.