- Office Address
- Mailing Address
John F. Kennedy School of Government
79 JFK Street
Cambridge, MA 02138
Richard Zeckhauser is the Frank P. Ramsey
Professor of Political Economy, Kennedy School, Harvard University. He graduated from
Harvard College (summa cum laude) and received his Ph.D. there. He
is an elected fellow of the Econometric Society, the Institute of
Medicine (National Academy of Sciences), and the American Academy
of Arts and Sciences. In 2014, he was named a Distinguished Fellow
of the American Economic Association. His contributions to decision
theory and behavioral economics include the concepts of
quality-adjusted life years (QALYs), status quo bias, betrayal
aversion, and ignorance (states of the world unknown) as a
complement to the categories of risk and uncertainty. Many of his
policy investigations explore ways to promote the health of human
beings, to help markets work more effectively, and to foster
informed and appropriate choices by individuals and government
agencies. Zeckhauser has published over 280 articles. His recent
coauthored books are The Patron's Payoff: Conspicuous
Commissions in Italian Renaissance Art (2008), and
Collaborative Governance: Private Roles for Public Goals
(2011). Apart from academics, Zeckhauser is a Senior Principal at
Equity Resource Investments, a real estate private equity firm. He
has won multiple national championships in contract bridge.
Analytic Frameworks for Policy
Doctoral Research Seminar
Richard Zeckhauser welcomes media inquiries on the following subjects:
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For a complete list of faculty citations from 2001 - present, please visit the Harvard Kennedy School Research Report Online.
Selected Publication Citations:
- Academic Journal/Scholarly Articles
Kotowski, Maciej, David A. Weisbach, and Richard J. Zeckhauser.
"Audits as Signals." University of Chicago Law Review 81.1
(February 2014): 179-202.
Fang, Hai, Karen N. Eggleston, John A. Rizzo, and Richard J.
Zeckhauser. "Jobs and Kids: Female Employment and Fertility in
China." IZA Journal of Labor and Development 2.12 (2013).
Trautmann, Stefan T., Gijs van de Kuilen, and Richard J.
Zeckhauser. "Social Class and (Un)Ethical Behavior: A Framework,
With Evidence From a Large Population Sample." Perspectives on
Psychological Science 8.5 (September 2013): 487-497.
Miller, Nolan, Alexander F. Wagner, and Richard J. Zeckhauser.
"Solomonic Separation: Risk Decisions as Productivity Indicators."
Journal of Risk and Uncertainty 46.3 (June 2013): 265-297.
Alan M. Berger, Casey L. Brown, Carolyn Kousky, Ken Laberteaux, and
Richard Zeckhauser. "Where Americans Live: A Geographic and
Environmental Tally." Harvard Journal of Real Estate: Navigating
Investments with Ethical Risk (2013): 38-48.
- Book Chapters
Zeckhauser, Richard. "New Frontiers Beyond Risk and Uncertainty:
Ignorance, Group Decision, and Unanticipated Themes, Preface 2."
Handbook of the Economics of Risk and Uncertainty. Ed. W.
Kip Viscusi and Mark Machina. Elsevier, 2013, xvii-xxix.
Donahue, John D. and Richard J. Zeckhauser. Collaborative
Governance: Private Roles for Public Goals in Turbulent Times.
Princeton University Press, 2011.
Zeckhauser, Richard, and Jonathan K. Nelson. The Patron's
Payoff: Conspicuous Commissions in Italian Renaissance Art.
Princeton University Press, 2008.
Schuck, Peter H., and Richard Zeckhauser. Targeting in Social
Programs: Avoiding Bad Bets, Removing Bad Apples. Brookings
Avery, Christopher, Andrew Fairbanks, and Richard Zeckhauser.
The Early Admissions Game: Joining the Elite. Harvard
University Press, 2003.
- HKS Faculty Research Working Paper Series
Viscusi, W. Kip, and Richard J. Zeckhauser. "Regulating Ambiguous
Risks: The Less than Rational Regulation of Pharmaceuticals." HKS
Faculty Research Working Paper Series RWP14-005, February 2014.
Kotowski, Maciej, David Weisbach, and Richard Zeckhauser.
"Signaling with Audits: Mimicry, Wasteful Expenditures, and
Non-Compliance in a Model of Tax Enforcement." HKS Faculty Research
Working Paper Series RWP14-001, January 2014.
Roy, Devjani, and Richard Zeckhauser. "Ignorance: Lessons from the
Laboratory of Literature." HKS Faculty Research Working Paper
Series RWP13-039, October 2013.