The Future of Risk Management / Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan.

Format:

Book

Contributor:

Kunreuther, Howard, Editor.

Meyer, Robert J., Editor.

Michel-Kerjan, Erwann O., Editor.

Series:

Critical studies in risk and disaster.

Critical Studies in Risk and Disaster

Language:

English

Subjects (All):

Risk management.

Risk (Insurance).

Insurance--Decision making.

Insurance.

Emergency management.

Genre:

Electronic books.

Physical Description:

1 online resource (415 pages).

Edition:

1st ed.

Place of Publication:

Philadelphia : University of Pennsylvania Press, [2019]

Language Note:

In English.

Summary:

Whether man-made or naturally occurring, large-scale disasters can cause fatalities and injuries, devastate property and communities, savage the environment, impose significant financial burdens on individuals and firms, and test political leadership. Moreover, global challenges such as climate change and terrorism reveal the interdependent and interconnected nature of our current moment: what occurs in one nation or geographical region is likely to have effects across the globe. Our information age creates new and more integrated forms of communication that incur risks that are difficult to evaluate, let alone anticipate. All of this makes clear that innovative approaches to assessing and managing risk are urgently required.When catastrophic risk management was in its inception thirty years ago, scientists and engineers would provide estimates of the probability of specific types of accidents and their potential consequences. Economists would then propose risk management policies based on those experts' estimates with little thought as to how this data would be used by interested parties. Today, however, the disciplines of finance, geography, history, insurance, marketing, political science, sociology, and the decision sciences combine scientific knowledge on risk assessment with a better appreciation for the importance of improving individual and collective decision-making processes.The essays in this volume highlight past research, recent discoveries, and open questions written by leading thinkers in risk management and behavioral sciences. The Future of Risk Management provides scholars, businesses, civil servants, and the concerned public tools for making more informed decisions and developing long-term strategies for reducing future losses from potentially catastrophic events.Contributors: Mona Ahmadiani, Joshua D. Baker, W. J. Wouter Botzen, Cary Coglianese, Gregory Colson, Jeffrey Czajkowski, Nate Dieckmann, Robin Dillon, Baruch Fischhoff, Jeffrey A. Friedman, Robin Gregory, Robert W. Klein, Carolyn Kousky, Howard Kunreuther, Craig E. Landry, Barbara Mellers, Robert J. Meyer, Erwann Michel-Kerjan, Robert Muir-Wood, Mark Pauly, Lisa Robinson, Adam Rose, Paul J. H. Schoemaker, Paul Slovic, Phil Tetlock, Daniel Västfjäll, W. Kip Viscusi, Elke U. Weber, Richard Zeckhauser.

Contents:

Part I, Behavioral factors influencing decision-making under risk and uncertainty. Arithmetic of compassion and the future of risk management / Paul Slovic and Daniel Västfjäll

"Risk as feelings" and "perception matters" : psychological contributions on risk, risk-taking, and risk management / Elke U. Weber

Risk-based thinking / Baruch Fischhoff

Structured empirical analysis of decisions under natural hazard risk / Craig E. Landry, Gregory Colson, and Mona Ahmadiani

Mixing rationality and irrationality in insurance demand and supply / Mark Pauly

Disaster cycle : what we do not learn from experience / Robert J. Meyer ; Part II, Improving risk assessment. Using models to set a baseline and measure progress in reducing disaster casualties / Robert Muir-Wood

Learning from all types of near-misses / Robin Dillon

Managing systemic industry risk : the need for collective leadership / Paul J.H. Schoemaker

Measuring economic resilience : recent advances and future priorities / Adam Rose ; Part III, Developing better risk communication strategies. Improving stakeholder engagement for upstream risks / Robin Gregory and Nate Dieckmann

Improving the accuracy of geopolitical risk assessments / Barbara A. Mellers, Philip E. Tetlock, Joshua D. Baker, Jeffrey A. Friedman, and Richard Zeckhauser

Efficient warnings, not "wolf or puppy" warnings / Lisa A. Robinson, W. Kip Viscusi, and Richard Zeckhauser ; Part IV, Role of risk mitigation, risk-sharing, and insurance. Threats to insurability / Carolyn Kousky

Role of insurance in risk management for natural disasters : back to the future / Howard Kunreuther

Improving individual flood preparedness through insurance incentives / W.J. Wouter Botzen

Strong and well-enforced building codes as an effective disaster risk reduction tool : an evaluation / Jeffrey Czajkowski ; Part V, Government and risk management. Getting the blend right : public-private partnerships in risk management / Cary Coglianese

Regulation of insurance markets subject to catastrophic risks / Robert W. Klein

Rethinking government disaster relief in the United States : evidence and a way forward / Erwann O. Michel-Kerjan.

Notes:

Includes bibliographical references and indexes.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 06. Apr 2020)

ISBN:

9780812296228

0812296222

OCLC:

1107584969