Podcast appearances and mentions of Howard Kunreuther

Howard Kunreuther is the foremost authority on applying behavioral economics to unlikely, high consequence events. I remain astounded that Howard's teachings are not part of the educational canon for all insurance professionals. This is important stuff!In this episode we discuss:* Cognitive bias and how it impacts society generally and insurance in particular* How we might overcome cognitive bias in our decision making* Prioritization of risk* How politics really is the mediating force for discussing risk* Does voter irrationality give us cause for hope? show notes at:http://notunreasonable.com/?p=7470youtube link:https://youtu.be/wxSsddUAIFU

Howard Kunreuther, Wharton Faculty Director Emeritus of the Risk Management & Decision Processes Center, talks about shifts FEMA is making to the National Flood Insurance Program to better help owners in flood areas. See acast.com/privacy for privacy and opt-out information.

For many small businesses such as restaurants the denial of insurance claims for COVID-19 losses spells bankruptcy and closure. Public-private partnerships could help provide a solution says Wharton's Howard Kunreuther. See acast.com/privacy for privacy and opt-out information.

For many small businesses such as restaurants, the denial of insurance claims for COVID-19 losses spells bankruptcy and closure. Public-private partnerships could help provide a solution, says Wharton’s Howard Kunreuther.

For many small businesses such as restaurants, the denial of "business interruption insurance" for COVID-19 losses spells bankruptcy and closure. Public-private partnerships could help provide a solution, says Wharton’s Howard Kunreuther.

For years, people had warned that New Orleans was vulnerable - but when a hurricane came close to destroying the city, the reaction was muted. Some people took the near miss as a warning - others, as confirmation that there was nothing to worry about. So why do we struggle to prepare for disasters? And why don't we draw the obvious lessons from clear warnings? Sources for this episode include Amanda Ripley's The Unthinkable, The Ostrich Paradox by Howard Kunreuther and Robert Meyer, Margaret Heffernan's Willful Blindness, and Predictable Surprises by Max Bazerman and Michael Watkins. For a full list of sources see http://timharford.com/ Tim's latest books 'Fifty Inventions That Shaped The Modern Economy' and 'The Next Fifty Things That Made The Modern Economy' are available now. Learn more about your ad choices. Visit megaphone.fm/adchoices

As certain geographic locations approach hurricane season, wildfire season, and earthquake season, the impacts of the pandemic will be amplified. Multiple disasters will be striking at the same time. How can governments and its citizens know how much to worry or how much to prepare? Join us in this conversation with Howard Kunreuther, the co-director of the Wharton Risk Management and Decisions Processes Center, to learn about risk communication and see if a more crucial type of communication is needed in today’s day and age. You can find more of Kunreuther’s information here: https://riskcenter.wharton.upenn.edu/howard-kunreuther/. In today’s discussion, also listen to an update on Philadelphia’s COVID-19 status from returning guest, Dr. Esther Chernak, a professor at the Dornsife School of Public Health. Her information can be found here: https://drexel.edu/dornsife/academics/faculty/Esther%20Chernak/.

Leadership is hard. What are the traits you should look to emulate from others? How will you know you are doing a good job? Another question is how do you prepare for inevitable disasters? In their book The Ostrich Paradox the authors Robert Meyer & Howard Kunreuther discuss this aspect of underpreparation in depth. We as individuals, organisations and societies generally underprepare for disasters. In this podcast episode we take a peek inside their findings and discuss the 6 biases that they say lead to this lack of preparation. Whether you are new to leadership or are looking to audit your skill set, this episode has something for you. Get on our newsletter for exclusive content and offers: http://usebecause.com/subscribe/

Guest speakers include Josh Harris, Jonathan Haidt, John Sides, Howard Kunreuther, Philip Tetlock, Steve Fulop, Victor Cha, Simon Johnson, Alan Auerbach, Betsey Stevenson, Dr. Kari Christine Nadeau, Ted Hull, and Brendan Hoffman.

Much like flattening the curve on COVID-19 the world must act now to lessen the cumulative effects of climate change says Wharton's Howard Kunreuther. See acast.com/privacy for privacy and opt-out information.

Much like flattening the curve on COVID-19, the world must act now to lessen the cumulative effects of climate change, says Wharton’s Howard Kunreuther.

Much like flattening the curve on COVID-19, the world must act now to lessen the cumulative effects of climate change, says Wharton’s Howard Kunreuther.

This week we are talking to Dr. Howard Kunreuther about his book the Ostrich Paradox Why we underprepared for disasters. Right now, as we deal with the Coronavirus and witness people making strange choices, Dr. Kunreuther gives us some insight into the issues facing why people don’t prepare. Links Twitter: https://twitter.com/Wharton/status/842937356940447745Website: https://wsp.wharton.upenn.edu/book/ostrich-paradox/?fbclid=IwAR3NsMYKeEH1tHk8ieTIrMdOxpxgoNdY_ioA2pYhWQGDnjiW2QkvnQ3n5hoEmail: kunreuth@wharton.upenn.eduEM Weekly Information www.emweekly.com www.Sitchradio.comAdvertisersTitan HST https://www.titanhst.com/

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 The Future of Risk Management (University of Pennsylvania Press, 2019), edited by Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan, 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. Visit the University of Pennsylvania Press and enter promo code RISK50 during checkout to receive a 50% discount. Valid until November 15, 2019. Beth Windisch is a national security practitioner. You can tweet her @bethwindisch. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 The Future of Risk Management (University of Pennsylvania Press, 2019), edited by Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan, 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. Visit the University of Pennsylvania Press and enter promo code RISK50 during checkout to receive a 50% discount. Valid until November 15, 2019. Beth Windisch is a national security practitioner. You can tweet her @bethwindisch. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 The Future of Risk Management (University of Pennsylvania Press, 2019), edited by Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan, 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. Visit the University of Pennsylvania Press and enter promo code RISK50 during checkout to receive a 50% discount. Valid until November 15, 2019. Beth Windisch is a national security practitioner. You can tweet her @bethwindisch.

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 The Future of Risk Management (University of Pennsylvania Press, 2019), edited by Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan, 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. Visit the University of Pennsylvania Press and enter promo code RISK50 during checkout to receive a 50% discount. Valid until November 15, 2019. Beth Windisch is a national security practitioner. You can tweet her @bethwindisch. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 The Future of Risk Management (University of Pennsylvania Press, 2019), edited by Howard Kunreuther, Robert J. Meyer, Erwann O. Michel-Kerjan, 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. Visit the University of Pennsylvania Press and enter promo code RISK50 during checkout to receive a 50% discount. Valid until November 15, 2019. Beth Windisch is a national security practitioner. You can tweet her @bethwindisch. Learn more about your ad choices. Visit megaphone.fm/adchoices

Guest: Dr. Howard Kunreuther, Wharton Risk Management & Decision Processes CenterIntro: We’ve heard the words before: “I didn’t think this would happen to me...” As meteorologists, our job is to communicate the weather forecasts and the risks that go along with them. But with all these warnings, why are people still unprepared when disaster strikes? Today, we welcome Dr. Howard Kunreuther who has spent years of his career trying to answer this question. We’ll discuss the inherent biases many of us have when it comes to disaster preparedness, and we’ll outline strategies he recommends to ensure we are prepared for the next catastrophe.

Every day we talk about disruption as if it's mostly positive within the business and consumer environment. But for companies today, both large and small, an array of challenges and potentially disruptive events can have a real negative impact on the company, its earnings, its employees and its customers. Corporate executives today realize that the degree to which they can anticipate and prepare for that disruption will have a deep impact on how it all turns out on the other end. What's more, many of the approaches and techniques that today's companies can and should adhere to just might be applicable to the chaotic lives of all of us. Studying this for years is Wharton professor Howard Kunreuther.  He's the James G Dinan Professor of Decision Science and Public Policy and co-director of the Center for Risk Management and Decision Processes at the Wharton School at the University of Pennsylvania, and he’s the co-author of Mastering Catastrophic Risk: How Companies Are Coping with Disruption. My conversation with Howard Kunreuther: 

Business leaders and their governing boards face ever more challenging disruptions and must be ever more on guard. While some disruptions can be anticipated, others arrive without warning. In "Mastering Catastrophic Risk: Leading Authorities on Risk Management Strategy and Company Leadership", Howard Kunreuther and Michael Useem provide real world practical insights into how large companies are responding to this new reality and developed a framework for smarter thinking about events that can damage a business.

Natural disasters are becoming a more frequent occurrence these days and as a result, more and more companies are experiencing disruption in their business. Host Dan Loney talks with Wharton Professors Mike Useem, Director of Wharton's Center for Leadership and Change Management, and Howard Kunreuther, Co-Director of Wharton's Risk Management and Decision Processes Center, to discuss their new book "Mastering Catastrophic Risk: How Companies Are Coping with Disruption" which examines why and how companies can prepare for such events on Knowledge@Wharton. See acast.com/privacy for privacy and opt-out information.

How boards and executives prepare for risks can make the difference between riding the roughest wave or drowning in it according to a new book by Wharton's Howard Kunreuther and Michael Useem. See acast.com/privacy for privacy and opt-out information.

Howard Kunreuther, Co-Director of Wharton’s Public Policy Risk Management and Decision Processes Center, joins host Dan Loney on Knowledge@Wharton to discuss the potential re-authorization of the National Flood Insurance Program and the benefits of a more fair and risk-based insurance plan to help combat rising premium rates as presented to congressional staffers as part of the Penn Wharton B-School for Public Policy, a new monthly series of faculty-led seminars for policymakers. For more information about how to get involved with Penn Wharton B-School for Public Policy, visit: https://publicpolicy.wharton.upenn.edu/b-school/get-involved See acast.com/privacy for privacy and opt-out information.

In The Ostrich Paradox: Why We Underprepare for Disasters (Wharton Digital Press, 2017), Robert Meyer and Howard Kunreuther summarize six major cognitive biases that explain why humans fail to adequately prepare for potential disasters. Leveraging examples of high-impact events, The Ostrich Paradox summarizes how preparedness efforts are affected by issues with human memory, risk probability comprehension, and information overload. Finally, the authors provide a tool for assessing and mitigating these biases through a behavioral risk audit. The book is a slim volume that may lend itself for use in professional settings as a training tool.   Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Ostrich Paradox: Why We Underprepare for Disasters (Wharton Digital Press, 2017), Robert Meyer and Howard Kunreuther summarize six major cognitive biases that explain why humans fail to adequately prepare for potential disasters. Leveraging examples of high-impact events, The Ostrich Paradox summarizes how preparedness efforts are affected by issues with human memory, risk probability comprehension, and information overload. Finally, the authors provide a tool for assessing and mitigating these biases through a behavioral risk audit. The book is a slim volume that may lend itself for use in professional settings as a training tool.   Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Ostrich Paradox: Why We Underprepare for Disasters (Wharton Digital Press, 2017), Robert Meyer and Howard Kunreuther summarize six major cognitive biases that explain why humans fail to adequately prepare for potential disasters. Leveraging examples of high-impact events, The Ostrich Paradox summarizes how preparedness efforts are affected by issues with human memory, risk probability comprehension, and information overload. Finally, the authors provide a tool for assessing and mitigating these biases through a behavioral risk audit. The book is a slim volume that may lend itself for use in professional settings as a training tool.   Learn more about your ad choices. Visit megaphone.fm/adchoices

In The Ostrich Paradox: Why We Underprepare for Disasters (Wharton Digital Press, 2017), Robert Meyer and Howard Kunreuther summarize six major cognitive biases that explain why humans fail to adequately prepare for potential disasters. Leveraging examples of high-impact events, The Ostrich Paradox summarizes how preparedness efforts are affected by issues with human memory, risk probability comprehension, and information overload. Finally, the authors provide a tool for assessing and mitigating these biases through a behavioral risk audit. The book is a slim volume that may lend itself for use in professional settings as a training tool.   Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/psychology

In The Ostrich Paradox: Why We Underprepare for Disasters (Wharton Digital Press, 2017), Robert Meyer and Howard Kunreuther summarize six major cognitive biases that explain why humans fail to adequately prepare for potential disasters. Leveraging examples of high-impact events, The Ostrich Paradox summarizes how preparedness efforts are affected by issues with human memory, risk probability comprehension, and information overload. Finally, the authors provide a tool for assessing and mitigating these biases through a behavioral risk audit. The book is a slim volume that may lend itself for use in professional settings as a training tool.   Learn more about your ad choices. Visit megaphone.fm/adchoices

The risk models that policymakers, insurers and communities rely on to predict the nature and frequency of weather-related disasters are becoming less reliable as climate change advances. A Wharton School climate risk expert examines how we might adequately, and equitably, prepare for future disasters. --- In 2012 Hurricane Sandy caused over $70 billion in damage along the U.S. Atlantic coast, leaving communities in desperate financial condition and pushing the National Flood Insurance Program, already financially stretched by a decade of severe weather-related claims, deeper into debt. In addition, coastal cities like Miami and Norfolk, Virginia now experience regular nuisance flooding, demanding huge investments in protective infrastructure to fend off rising seas. How will the U.S. pay for infrastructure needed to minimize the impact of future disasters even as population grows in increasingly flood-prone areas? Howard Kunreuther, Co-Director of the Risk Management and Decision Processes Center at the Wharton School at the University of Pennsylvania, discusses the challenge of balancing support for communities at risk for natural disaster with the economic and political challenges to doing so. He also highlights how human psychology can make it hard for people to grasp the likelihood of future disasters, and the role this has played in pushing the national flood insurance program to the brink of insolvency. Howard Kunreuther is the James G. Dinan professor of Decision Sciences and Business and Public Policy at the Wharton School. He is a Fellow of the American Association for the Advancement of Science, and a Distinguished Fellow of the Society for Risk Analysis. He has served on the Intergovernmental Panel on Climate Change. (Episode recorded on 5/25/17)

Our ability to foresee and protect against natural catastrophes has never been greater; yet, we consistently fail to heed the warnings and protect ourselves and our communities, often with devastating consequences. In The Ostrich Paradox: Why We Underprepare for Disasters, Wharton professors Robert Meyer and Howard Kunreuther draw on years of teaching and research to explain why disaster preparedness efforts consistently fall short.

Aired Wednesday, 8 February 2017, 2:00 PM ET Today’s Star is Robert Meyer Why are we humans so poor at dealing with disastrous risks when met with a sudden emergency, and what can we do about it? About the Guest: Robert Meyer Robert Meyer is the Frederick H. Ecker/MetLife Insurance Professor of Marketing and co-director of the Wharton Risk Management and Decision Processes Center at The Wharton School of the University of Pennsylvania. His work has appeared in a wide variety of professional journals and books, including the Journal of Consumer Research; Journal of Marketing Research; Journal of Risk and Uncertainty; Marketing Science; Management Science; and Risk Analysis. He is the co-author with Howard Kunreuther of The Ostrich Paradox, which presents the six cognitive biases that lead individuals, communities, and institutions to make grave errors when met with a sudden emergency – whether a natural disaster like a hurricane or earthquake, or a catastrophe such as a plane crash or a building fire. They present in the book a Behavioral Risk Audit, a systematic approach for improving our risk preparedness by designing strategies that anticipate our biases, and could help us design more effective strategies and enact policies that work with, rather than against, our natural psychologies. Website: http://wdp.wharton.upenn.edu/book/ostrich-paradox/

A new book by Wharton professors Howard Kunreuther and Robert Meyer offers an innovative solution for addressing the biases that prevent people and groups from adequately preparing for disasters. See acast.com/privacy for privacy and opt-out information.

May 19, 2015 Overpower Fear w Michael Luckman & Risk Expert Dr. Howard Kunreuther

California's drought-related water usage regulations will work best if they become a social norm with a higher level of awareness says Wharton's Howard Kunreuther. See acast.com/privacy for privacy and opt-out information.

The earthquake that rocked Haiti last week has caused unimaginable death and destruction a reminder that catastrophes are usually unforeseeable and therefore almost impossible to prepare for. Can any country or region of the world rich or poor take meaningful steps to avoid the destruction caused by catastrophes ranging from earthquakes and hurricanes to terrorist attacks and pandemics? Knowledge at Wharton asked professors Howard Kunreuther and Michael Useem authors of a new book titled Learning from Catastrophes: Strategies for Reaction and Response and Morris A. Cohen to talk about the situation in Haiti and the challenges of dealing with such crises. See acast.com/privacy for privacy and opt-out information.

In 2005 three major hurricanes -- Katrina Rita and Wilma -- struck the U.S. Gulf Coast area causing not just death and destruction but also leading to insurance payments and federal disaster relief of more than $180 billion. Today say the authors of a new book titled At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes the U.S. is even more vulnerable to catastrophic losses. Written by Howard Kunreuther and Erwann Michel-Kerjan with colleagues Neil Doherty Martin Grace Robert Klein and Mark Pauly At War with the Weather analyzes current thinking about catastrophes and proposes new solutions for reducing loss and providing financial protection against future disasters. Kunreuther co-director of Wharton's Risk Management and Decision Processes Center and Michel-Kerjan the Center's managing director recently talked to Knowledge at Wharton about their book. See acast.com/privacy for privacy and opt-out information.