HKS Affiliated Authors


Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies. Richard Zeckhauser, November 1, 2011, Paper. "Catastrophic risks differ in terms of their natural or human origins, their possible amplification by human behaviors, and the relationships between those who create the risks and those who suffer the losses. Given their disparate anatomies, catastrophic risks generally require tailored therapies, with each prescribed therapy employing a specific portfolio of policy strategies. Given that catastrophic risks occur rarely, and impose extreme losses, traditional mechanisms for controlling risks..." Link