Richard Zeckhauser

Frank Plumpton Ramsey Professor of Political Economy
Harvard Kennedy School
Office Address
Littauer-312
Mailing Address
John F. Kennedy School of Government
Mailbox 41
79 JFK Street
Cambridge, MA 02138
Contact
Phone: 617-495-1174
Fax: 617-384-9340
Email: richard_zeckhauser@Harvard.Edu
Assistant
Wendy Wyatt (617-495-1175)
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Profile

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.

Courses

Fall

  • API-302 Analytic Frameworks for Policy
  • API-902 Doctoral Research Seminar

Media Expertise

Richard Zeckhauser welcomes media inquiries on the following subjects:

Additional experts may be found by clicking on each subject listed. You may contact faculty directly or if you need assistance contact the Communications Office at 617-495-1115.

Research

For a complete list of faculty citations from 2001 - present, please visit the HKS Faculty Research Connection.

Selected Publication Citations:

  • Academic Journal/Scholarly Articles
    • Sinaiko, Anna D., and Richard Zeckhauser. "Medicare Advantage: What Explains Its Robust Health?" American Journal of Managed Care 21.11 (November 2015): 804-806.
    • Freeman, Mark C., Gernot Wagner, and Richard J. Zeckhauser. "Climate Sensitivity Uncertainty: When is Good News Bad?" Philosophical Transactions of the Royal Society A: Mathematical, Physical & Engineering Sciences. 373.2055 (October 2015).
    • Freeman, Mark C., Ben Groom, and Richard J. Zeckhauser. "Better Predictions, Better Allocations: Scientific Advances and Adaptation to Climate Change." Philosophical Transactions of the Royal Society A: Mathematical, Physical & Engineering Sciences 373.2055 (October 2015).
  • Books
    • 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 Institution, 2006.
    • Avery, Christopher, Andrew Fairbanks, and Richard Zeckhauser. The Early Admissions Game: Joining the Elite. Harvard University Press, 2003.
  • HKS Faculty Research Working Paper Series
    • Druz, Marina, Alexander F. Wagner, and Richard J. Zeckhauser. "Reading Managerial Tone: How Analysts and the Market Respond to Conference Calls." HKS Faculty Research Working Paper Series RWP16-004, January 2016.
    • Viscusi, W. Kip, and Richard J. Zeckhauser. "Recollection Bias and Its Underpinnings: Lessons from Terrorism-Risk Assessments." HKS Faculty Research Working Paper Series RWP16-003, January 2016.
    • Levy, Dan, Joshua Yardley, and Richard Zeckhauser. "Getting an Honest Answer: Clickers in the Classroom." HKS Faculty Research Working Paper Series RWP15-071, November 2015.
    • Viscusi, W. Kip, and Richard Zeckhauser. "Recollection Bias and Its Underpinnings: Lessons from Terrorism-Risk Assessments." HKS Faculty Research Working Paper Series RWP15-066, October 2015.
    • Freeman, Mark C., Ben Groom, and Richard Zeckhauser. "Better Predictions, Better Allocations: Scientific Advances and Adaptation to Climate Change." HKS Faculty Research Working Paper Series RWP15-051, August 2015.
    • Druz, Marina, Alexander F. Wagner, and Richard Zeckhauser. "Tips and Tells from Managers: How Analysts and the Market Read Between the Lines of Conference Calls." HKS Faculty Research Working Paper Series RWP15-006, February 2015.

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