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Risk Regulation Seminars
Managing and Financing Extreme Events
Interdependent Security
The Irrational Economist Conference
Decision Processes
Roles for Third Parties in the Management of Low-Probability, High-Consequence Process Safety Risks
Sustainability
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The Penn Symposium on Fostering and Financing Long-Term Investments in Prevention and Protection
The Wharton School, University of Pennsylvania
December 13-14, 2010
Co-sponsors: The Wharton School, Penn School of Medicine, Leonard Davis Institute,
Wharton Center for Risk Management and Decision Processes
Academic Directors: David A. Asch, MD (Medicine), Howard Kunreuther (Wharton),
Robert Meyer (Wharton), and Mark Pauly (Wharton)
Objective: Foster cross-field learning on the problem of how to encourage individuals and communities to invest in protection against harm from uncertain future events such as disease, natural hazards, and man-made catastrophes, and to formulate a set of new fundable research projects in this area. While the problem of how to encourage long-term investments in protection has been studied by multiple fields over the years, progress has often been hindered by the relative absence of interactions among scholars working in different domains, as well as between academics and policy makers. Hence, the objective of the symposium is to fuse these areas, pooling what we know about:
1. How individuals think about the future and make decisions to invest in protection against future harm;
2. How to encourage people to make such protective investments, be it via persuasive messages, the development of social norms, or by providing explicit financial incentives; and
3. How to manage the cost of long-term prevention as a society, such as how to design long-term health and property insurance contracts given (1) and (2) above) and the implications of all this for public policy.
Roles for Third Parties in Improving Implementation of EPA’s and OSHA’s Regulations
on the Management of Low-Probability, High-Consequence Process Safety Risks
co-sponsored by the Penn Program on Regulation and the Wharton Risk Management and Decision Processes Center
November 18, 2010
Proposal on improving implementation of 3rd party audits funded with imposed fees to OSHA and EPA process safety regulations. More here.
Marrakech, Morocco, October 27, 2010
The objective of the session is to arrive at innovative solutions or proposals to a given topic through "open source" collaboration, hence, submitting initial input (expert's opinion piece) for subsequent iterations through the social media prior to the session. Students representing Wharton MBA clubs from the MENA region participated as breakout group via video connection. Visit the World Economic Forum website for more information.
Discussion leaders from the World Economic Forum:
- Falah Al Ahbabi, General Manager, Abu Dhabi Urban Planning Council, United Arab Emirates
- Smail Hamdani, Prime Minister of Algeria (1998-1999); President, Algerian Association of International Relations (ARI), Algeria
- Jafar Hassan, Minister of Planning and International Cooperation of the Hashemite Kingdom of Jordan
- Roberto Quarta, Chairman, Europe, Clayton, Dubilier & Rice, United Kingdom
- Subramanian Rangan, Professor of Strategy and Management, INSEAD, France
- Geoff Riddell, Member of the Group Executive Committee; Regional Chairman, Asia-Pacific and Middle East, Zurich Financial Services, Switzerland
- Erwann Michel-Kerjan, Managing Director, Wharton Risk Center, The Wharton School, University of Pennsylvania, USA
Risk Regulation Seminar Series: The Wharton Risk Management and Decision Processes Center in conjunction with the Fels Institute of Government, Penn Program on Regulation; and Program on Law, the Environment and the Economy, with support from the Office of the Provost, host an interdisciplinary seminar on risk regulation. Additional information is available on the seminar website.
"The Hackers’ Market: Cybersecurity in the Digital Age"
Richard Falkenrath, Principal, The Chertoff Group
April 9, 2013
"International Cooperation to Address Climate Change: An Interim Report from the Intergovernmental Panel on Climate Change (IPCC)"
Robert Stavins, Albert Pratt Professor of Business and Government, John F. Kennedy School of Government, Harvard University
February 26, 2013
"Deciding By Default: Some Lessons from Behavioral Economics"
Cass R. Sunstein, Felix Frankfurter Professor of Law, Harvard Law School
January 16, 2013
Paul Joskow, President, Alfred P. Sloan Foundation; Elizabeth and James Killian Professor of Economics, Emeritus, MIT
March 27, 2012
"Will Adaptation Save Us from Climate Change?"
Michael Greenstone, 3M Professor of Environmental Economics, MIT
February 21, 2012
"A Regulatory Framework for Managing Systemic Risk"
Steven L. Schwarcz, Stanley A. Star Professor of Law & Business, Duke University
January 24, 2012
"Out of Balance: How Uncertainty Figures in Risk Analysis and Regulatory Economics"
Adam M. Finkel, Senior Fellow and Executive Director, Penn Program on Regulation Professor of Environmental and Occupational Health, UMDNJ School of Public Health
November 29, 2011
"The Tragedy of the Risk-Perception Commons: Culture Conflict, Rationality Conflict, and Climate Change"
Dan M. Kahan, Elizabeth K. Dollard Professor of Law, Yale Law School
October 25, 2011
"Ambiguity and Climate Policy"
Geoffrey Heal, Paul Garrett Professor of Public Policy and Business Responsibility Columbia Business School
September 27, 2011
"Long-term Strategies for Reducing Losses from Extreme Events"
Howard Kunreuther and Erwann Michel-Kerjan, Wharton Risk Management Center
November 16, 2010
"Capture by Information: How Information Warfare is Waged in the Administrative State"
Wendy Wagner, Joe A. Worsham Centennial Professor, University of Texas School of Law
October 26, 2010
"Regulating from Nowhere: Environmental Law and the Search for Objectivity"
Douglas Kysar, Joseph M. Field '55 Professor of Law at Yale Law School
Discussants:
Kathleen Segerson, Department of Economics, University of Connecticut
Matthew Adler, Leio Meltzer Professor of Law, University of Pennsylvania Law School
September 28, 2010
"Why the Law is So Perverse"
Leo Katz, Frank Carano Professor of Law, University of Pennsylvania
Commentators: Bruce Chapman, Univeristy of Toronto, and Lewis Kornhauser, Alfred B. Engelberg Professor of Law, New York University
April 20, 2010
"Science and Policy after Climate-gate"
Gary Yohe, Woodhouse/Sysco Professor of Economics, Wesleyan University
March 23, 2010
"Well-being and Equity: A Framework for Policy Analysis"
Matthew Adler, Leon Meltzer Professor of Law, University of Pennsylvania
February 23, 2010
"Obama's Regulatory Agenda: A One-Year Retrospective"
Panel appraising the first year of regulation under President Obama.
Susan E. Dudley, Director, The Regulatory Studies Center, George Washington University (former Administrator, Office of Information and Regulatory Affairs)
Sally Katzen, Executive Managing Director, the Podesta Group (former OIRA Administrator)
Jeff Ruch, Executive Director, Public Employees for Environmental Responsibility (PEER)
Rena Steinzor, President, Center for Progressive Reform and Professor of Law, University of Maryland
Jim Tozzi, Co-Founder, Center for Regulatory Effectiveness (former Assistant Director, Office of Management & Budget)
January 26, 2010
"Does the Sarbanes-Oxley Act Have a Future?"
Roberta Romano, Oscar M. Ruebhausen Professor of Law at Yale Law School; Director, Yale Law School's Center for the Study of Corporate Law
November 17, 2009
Regulating in the 21st Century: A New Federal Environmental and Consumer Protection Agency and Other Proposals for Reform
J. Clarence "Terry" Davies, Senior Fellow, Resources for the Future.
Commentary by E. Donald Elliott, Willkie Farr & Gallagher LLP and Marissa Golden, Bryn Mawr College
October 20, 2009
Comparative Effectiveness Research as Social Science: Implications for Technology Assessment in US Health Care Reform
David Meltzer, Department of Medicine, Department of Economics and Graduate School of Public Policy Studies, University of Chicago.
September 22, 2009
Risks and Opportunities of Manned and Unmanned Space Flight
Molly Macauley, Senior Fellow and Director of Academic Programs, Resources for the Future, Washington DC
April 21, 2009
Rethinking Regulation in the Wake of the Financial Crisis
David Moss, John G. McLean Professor of Business Administration, Harvard Business School
March 24, 2009
Climate Change, Nature, and Action
Thomas E. Lovejoy, President, H. John Heinz III Center for Science, Economics, and the Environment, Washington DC
February 24, 2009
New Directions for Risk Assessment in the Incoming Administration and Beyond
Thomas Burke, Associate Dean for Public Health Practice and Training, Johns Hopkins Bloomberg School of Public Health
January 27, 2009
"The Irrational Economist" Conference
December 4-5, 2008
More than 100 leading scholars in the fields of decision sciences, economics of information, political economy, catastrophic risk management and insurance gathered at the Wharton School.
Katrina, 9/11, Global Recession: Moving Beyond Old Thinking about New Risks Knowledge@Wharton, February 18, 2009
Secretary Michael Chertoff, U.S. Department of Homeland Security
"When We Fail to Manage Risk"
October 16, 2008
watch video
read transcript
Risk Regulation Seminar Series:
The Preemption War: When Federal Bureaucracies Trump Local Juries
Thomas McGarity, Joe R. and Teresa Lozano Long Endowed Chair in Administrative Law, University of Texas at Austin School of Law
Tuesday, November 18, 2008
Complex Risks Require Simplified Regulation: Lessons from the Subprime Mortgage Crisis
Dwight Jaffee, Willis Booth Professor of Banking, Finance, and Real Estate; Haas School of Business, University of California, Berkeley
Tuesday, October 28, 2008
Should Different Regulatory Agencies Use Different Values of Statistical Lives?
Lisa Robinson, Harvard Center for Risk Analysis
Tuesday, September 23, 2008
Evolved Altruism, Strong Reciprocity, and Perception of Risk
Troy Tucker, RAMAS Software
March 25, 2008
Decision and Risk Analysis to Counter Terrorism
Detlof von Winterfeldt, Director, CREATE
February 26, 2008
Hurricane Risk Perceptions
David Kelly, Associate Professor of Economics and Chair of the Economics Department at the University of Miami
January 28, 2008
"Risk Management Principles for Nanotechnology"
Gary Marchant, Professor of Law, Executive Director, and Faculty Fellow Center for the Study of Law, Science, & Technology; Lincoln Professor of Emerging Technologies, Law & Ethics
Sandra Day O'Connor College of Law, Arizona State University
"Risk Regulation in 3-D: How to See (and Balance) Benefits and Costs as They Truly Are"
Adam Finkel, Fellow and Executive Director, Penn Program on Regulation;
Lecturer of Public and International Affairs Woodrow Wilson School, Princeton University;
Professor of Environmental and Occupational Health, UMDNJ School of Public Health
'"Managing Large-Scale Risks in a New Era of Catastrophes"
Howard C. Kunreuther and Erwann O. Michel-Kerjan
Wharton Risk Management and Decision Processes Center
The Wharton School, University of Pennsylvania
Data on losses from natural disasters and other extreme events suggest we are now in a new era of catastrophes. Hurricane Katrina alone caused $65 billion in insured losses (including for floods), the most costly disaster the insurance industry has ever had; All 20 of the most costly events to the insurance industry since 1970 occurred after 1987 with half of them occurring since 2001. This talk describes a major research project currently being undertaken by the Wharton Risk Center in conjunction with Georgia State University and the Insurance Information Institute on the role of the private and public sectors in mitigating and financing recovery from natural disasters in the United States.
We will address the following question: What is the best way for the nation to prepare and recover from large-scale disasters? Alternative disaster insurance and mitigation programs will be evaluated with a focus on how the current programs, where insurance is highly regulated, compare with a private market solution where insurers are free to set risk-based rates. The talk will propose a set of new programs for mitigating and insuring risks that include long-term insurance and mitigation loans, comprehensive insurance and vouchers for low-income residents in hazard-prone areas who may not be able to afford risk-based insurance premiums.
Wharton-GSU-III Disaster Project - Extreme Events Conference
Friday October 12, 2007, Washington DC
Invitational Choice Symposium
June 13-17, 2007
The Wharton School of the University of Pennsylvania is proud to host the Seventh Triennial Invitational Choice Symposium. The goal of the symposium is to foster an inter-disciplinary discussion of recent theoretical, empirical, and methodological advances in the study of choice and decision making, as well as to set an agenda for future work in the area. The symposium will be comprised of seventeen interdisciplinary workshops that will meet over the course of four days, each charged with producing a summary paper for review for publication in a special issue of Marketing Letters .
The 2007 Wharton Economic summit:
Next Moves in a Global Economy
April 12-13, 2007: Philadelphia
Gain valuable business knowledge from world leaders in business, academia, and government as they discuss the key economic issues and challenges to watch in 2007. Wharton faculty will host leading industry experts at this two-day Wharton anniversary event.
Included among over 30 conference topics:
- Globalization and Outsourcing: Integration with China and India
- Emerging Markets
- International Human Rights
Seminar Series: (co-sponsored with Penn Law)
Lewis Branscomb
Public Service Professor of Public Policy and
Corporate Management in the Aetna Chair Emeritus, Harvard University
"Is Private Efficiency a Threat to Public Security and to Economic Resilience? The Challenge to Governance in a Market Economy"
January 30, 2007
Robert E. Litan
VP for Research and Policy at the Kauffman Foundation
Senior Fellow, Economic Studies Program, The Brookings Institution
"Preparing for Mega-Catastrophes: Mitigation, Insurance, Response and Recovery"
February 27, 2007
Richard Zeckhauser
Frank Plumpton Ramsey Professor of Political Economy, Harvard University
"Obstacles to Clear Thinking about Natural Disasters: Five Lessons for Policy"
March 27, 2007
Roundtable on "Enhancing Interdependent Global Supply Chain Effectiveness:
Information Sharing and Economic/Security Trade-Offs"
Sponsored by Lockheed Martin
November 3, 2006
Annual Advisory Committee Meeting
June 16, 2006
Jon M. Huntsman Hall, 3730 Walnut St., Philadelphia
See Agenda
Presentations:
- Update on EPA Cooperative Agreement
- Update on Drug Safety Research
- Update on Third-Party Inspections and ISO 14001 Study
- Critical Infrastructure and National Security Studies
- Disaster Insurance Project
- Web-based Study on Disasters
- Climate Change Workshop
- Joint Initiative on Global Risks with the World Economic Forum
- Ackoff Fellows Program
Insuring and Mitigating Risks of Large-Scale Natural Disasters
June 15, 2006
Jon M. Huntsman Hall, 3730 Walnut St., Philadelphia
May 31-June 1, 2006
Jon M. Huntsman Hall, 3730 Walnut Street, Philadelphia
Co-sponsored by the Wharton Risk Center, the Center for Human Performance and Risk Analysis at the University of Wisconsin-Madison, and CREATE at the University of Southern California
The Insurance Industry and Climate Change
May 8-9, 2006
AAAS Building, 1200 New York Avenue, Washington, DC
Co-sponsored by Carnegie Mellon University and the Wharton Risk Center
National Symposium on Risk and Disasters
December 1, 2005
Lessons from Hurricane Katrina for American Life
Rebuilding the Gulf: Case Study for the Future
As Congress debates how to rebuild the Gulf Coast and confront new policies to deal with future catastrophic events, nearly 300 leaders from government, business, and the community and journalists took part in this National Symposium on Risk and Disasters held in the Cannon House Office Building in the United States Capitol. The Symposium was cosponsored by the Communications Institute, the University of Pennsylvania, and Congressional Quarterly .
Report on Conference Discussion by Robert Gunther
National Symposium on the Future of Terrorism Risk Insurance, Part 2
October 7 , 2005
(a joint USC-RAND-Wharton Initiative)
In Part 2 of the symposium, leaders from business, academia, and industry will gather in Washington to discuss national policy on terrorism insurance.
June 20, 2005 - National Symposium on the Future of Terrorism Risk Insurance
(a joint USC-RAND-Wharton Initiative)
Hundreds of leaders and journalists from throughout the country came together at USC to discuss the relationship between terrorism risk, insurance, national security and public policy.
May 5th, 2005 - "Recent Advances in Operations and Risk Management"
A conference in honor of Paul Kleindorfer sponsored by the Wharton Operations and Information Management Department, the SEI Center for Advanced Studies in Management, and the Wharton Risk Management and Decision Processes Center.
February 25, 2005 - "Assessing and Managing Extreme Events"
The Wharton Risk Center "Managing and Financing Extreme Events" project will hold its Winter 2005 meeting on February 25, 2005. More than 50 people from 25 organizations (Industry, Government and Academic) will participate in this Roundtable at the Wharton School, University of Pennsylvania. This year the meeting will focus on "The future of terrorism risk insurance in the US"
Exclusive summary of the TRIA and Beyond Conference
Bridging the Gap: Sustainable Environment
The First UN Global Compact Academic Conference
May, 31-June 1, 2004 - Istanbul
September 17-18, 2004 - Philadelphia
THE WHARTON SCHOOL-SABANCI UNIVERSITY
With the Support of UNEP
The Global Compact (GC) initiative was first proposed by United Nations Secretary-General Kofi Annan in his address to The World Economic Forum on January 31, 1999 and became operational in New York on July 26th, 2000. The GC pursues two complementary goals. The first involves efforts for businesses to internalize the GC principles and integrate them into their strategy and operations. The second is to facilitate cooperation and collective problem solving between different stakeholders.
May 19, 2004 - May 21, 2004
3rd International Conference on Systems Thinking in Management (ICSTM 2004)
April 23, 2004 - Advisory Committee Meeting:
Agenda Maps Minutes EPA Snapshot Extreme Events Snapshot
April 22, 2004 - "Designing and Auditing Management Systems for Safety, Health and Environmental Risks Related to Chemical Processing"
Agenda Maps Minutes
June 27, 2003 - Near Miss Project Review Meeting: "How to Prioritize"
Agenda
April 29, 2003 - Advisory Committee Meeting:
"Extreme Risks, Interdependency and Global Risk Management"
Agenda Attendees Minutes
April 28, 2003 - "Assessing and Managing Extreme Events"
(in conjunction with the Earth Institute at Columbia University)
Agenda Attendees Summary
December 10, 2002 - Advisory Committee Meeting:
"Effective Private-Public Partnerships for Dealing with Extreme Events"
Agenda Attendees Minutes
July 15-16, 2002 - "Systems Approach to Terrorism"
The Wharton Risk Center joined forces with the Washington-based Association for Enterprise Integration (AFEI) and several other University Centers to sponsor a conference "Systems Approach to Terrorism." [AFEI is the information technology arm of the National Defense Industrial Association, which has over 800 corporate members and over 22,000 individual members.] The conference was held at George Washington University, Washington DC.
