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)
No Image

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-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
    • Zeckhauser, Richard. "Mancur Olson and the Tragedy of the Unbalanced Commons." Decisions 24 (December 2015).
    • Sinaiko, Anna D., and Richard Zeckhauser. "Medicare Advantage: What Explains Its Robust Health?" American Journal of Managed Care 21.11 (November 2015): 804-806.
    • Avery, Christopher N., Judith A. Chevalier, and Richard J. Zeckhauser. "The “CAPS” Prediction System and Stock Market Returns." Review of Finance (September 2015): 1-19.
    • Viscusi, W. Kip, and Richard J. Zeckhauser. "Regulating Ambiguous Risks: The Less than Rational Regulation of Pharmaceuticals." Journal of Legal Studies 44.S2 (June 2015): S387-S422.
  • Book Chapters
    • Devjani, Roy, and Richard Zeckhauser. "The Anatomy of Ignorance: Diagnoses from Literature." Routledge International Handbook of Ignorance Studies. Ed. Matthias Gross and Linsey McGoey. Routledge, 2015, 61-73.
  • 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
    • Robinson, Lisa A., W. Kip Viscusi, and Richard Zeckhauser. "Efficient Warnings, Not “Wolf or Puppy” Warnings." HKS Faculty Research Working Paper Series RWP16-033, September 2016: Revised November 2016.
    • Tran, Ngoc-Khanh, Thao Vuong, and Richard Zeckhauser. "Loss Sequencing in Banking Networks: Threatened Banks as Strategic Dominoes." HKS Faculty Research Working Paper Series RWP16-030, August 2106.
    • Horton, John J., and Richard J. Zeckhauser. "The Causes of Peer Effects in Production: Evidence from a Series of Field Experiments." HKS Faculty Research Working Paper Series RWP16-027, June 2016.
    • Wagner, Gernot, and Richard J. Zeckhauser. "Confronting Deep and Persistent Climate Uncertainty." HKS Faculty Research Working Paper Series RWP16-025, August 2016.
    • Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." HKS Faculty Research Working Paper Series RWP16-019, April 2016.
    • Friedman, Jeffrey A., Jennifer S. Lerner, and Richard Zeckhauser. "How Quantifying Probability Assessments Influences Analysis and Decision Making: Experimental Evidence from National Security Professionals." HKS Faculty Research Working Paper Series RWP16-016, April 2016.
    • Horton, John J., and Richard J. Zeckhauser. "Owning, Using and Renting: Some Simple Economics of the "Sharing Economy"." HKS Faculty Research Working Paper Series RWP16-007, February 2016.
    • 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.

John F. Kennedy School of Government 79 John F. Kennedy Street
Cambridge, MA 02138
617-495-1100 Get Directions Visit Contact Page