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
Vastfjall, W. Kip Viscusi, Elke U. Weber, Richard Zeckhauser.
General
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