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Crowd of Black Lives Matters demonstrators marching in the street.
Feature: The Democratic Necessity of Reckoning

Erica Chenoweth reviews scholarship that overwhelmingly shows the Black Lives Matter movement generated high levels of public awareness about systemic racism and increased support for criminal justice reform.

Electronic stock ticker board with numbers and arabic letters.
Feature: Against Rule-of-Thumb Economics

Dani Rodrik argues against neoliberalism’s universal rule-of-thumb approach and for economic analyses grounded in contextual dependencies.

Several hands of team members covering one another in a huddle above a work table.
Feature: Leaders’ Psychological Bravery

Dana Born explores what skills leaders need to cultivate psychological safety on their teams and across their organizations.

Dollars and Euros piled on top of one another.
Feature: Dollar vs. Euro as International Reserve Currencies

Jeffrey Frankel explores the strengths and weaknesses of using the Dollar and the Euro as international reserve currencies.

Harvard Kennedy School faculty disseminate their research in working publications and papers that contribute to public knowledge and fuel policy innovation. This list features recent faculty publications, including journal articles, books, edited volumes, research papers, and public testimony.

Faculty Publications

Playing Divide-and-Choose Given Uncertain Preferences

Tucker-Foltz, Jamie, and Richard Zeckhauser. "Playing Divide-and-Choose Given Uncertain Preferences." HKS Faculty Research Working Paper Series RWP22-008, July 2022.

Extreme Leaders As Negotiation Anchors

King, David C., Benjamin Schneer, and Richard Zeckhauser. "Extreme Leaders As Negotiation Anchors." HKS Faculty Research Working Paper Series RWP20-015, April 2022.

Investor Rewards to Climate Responsibility:Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections

Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections." HKS Faculty Research Working Paper Series RWP21-011, March 2021.

Deterrence Games and the Disruption of Information

Ma, Siyu, Yair Tauman, and Richard Zeckhauser. "Deterrence Games and the Disruption of Information." HKS Faculty Research Working Paper Series RWP20-026, August 2020.

The Tax Cuts and Jobs Act: Which Firms Won? Which Lost?

Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "The Tax Cuts and Jobs Act: Which Firms Won? Which Lost?" HKS Faculty Research Working Paper Series RWP20-018, June 2020.

Three Prongs for Prudent Climate Policy

Aldy, Joseph, and Richard Zeckhauser. "Three Prongs for Prudent Climate Policy." HKS Faculty Research Working Paper Series RWP20-009, April 2020.

Bound to Happen: Explanation Bias in Historical Analysis

Mukharji, Aroop, and Richard Zeckhauser. "Bound to Happen: Explanation Bias in Historical Analysis." HKS Faculty Research Working Paper Series RWP19-032, October 2019.

Italian Renaissance Portraits that Disappoint: Isabella d’Este, Francesco del Giocondo and Other Displeased Patrons

Nelson, Jonathan K., and Richard Zeckhauser. "Italian Renaissance Portraits that Disappoint: Isabella d’Este, Francesco del Giocondo and Other Displeased Patrons." HKS Faculty Research Working Paper Series RWP19-024, July 2019.

Strategic Sorting: The Role of Ordeals in Health Care

Zeckhauser, Richard. "Strategic Sorting: The Role of Ordeals in Health Care." HKS Faculty Research Working Paper Series RWP19-023, June 2019.

Efficient Division When Preferences are Private: Using the Expected Externality Mechanism

Aperjis, Christina, Maciej Kotowski, and Richard Zeckhauser. "Efficient Division When Preferences are Private: Using the Expected Externality Mechanism." HKS Faculty Research Working Paper Series RWP19-014, April 2019.

Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election

Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election." HKS Faculty Research Working Paper Series RWP18-037, September 2018.

Sunlight and Protection Against Influenza

Slusky, David J. G., and Richard J. Zeckhauser. "Sunlight and Protection Against Influenza." HKS Faculty Research Working Paper Series RWP18-007, February 2018.

Confronting an Enemy with Unknown Preferences: Deterrer or Provocateur?

Jelnov, Artyom, Yair Tauman, and Richard Zeckhauser. "Confronting an Enemy with Unknown Preferences: Deterrer or Provocateur?" HKS Faculty Research Working Paper Series RWP18-006, January 2018.

Excess Prices for Drugs in Medicare: Diagnosis and Prescription

Frank, Richard G., and Richard J. Zeckhauser. "Excess Prices for Drugs in Medicare: Diagnosis and Prescription." HKS Faculty Research Working Paper Series RWP18-005, January 2018.

Paths to Convergence: Stock Price Adjustment After the Trump Election Shock

Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Paths to Convergence: Stock Price Adjustment After the Trump Election Shock." HKS Faculty Research Working Paper Series RWP17-039, September 2017 (Updated July 2018).

CEO Clarity

Dzielinski, Michal, Alexander F. Wagner, and Richard J. Zeckhauser. "CEO Clarity." HKS Faculty Research Working Paper Series RWP17-017, May 2017.

Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade

Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Company Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade." HKS Faculty Research Working Paper Series RWP17-005, February 2017.

Enrollee Choices After Their Health Plans Are Terminated: Default Effects Versus Persistent Preferences

Sinaiko, Anna, and Richard Zeckhauser. "Enrollee Choices After Their Health Plans Are Terminated: Default Effects Versus Persistent Preferences." HKS Faculty Research Working Paper Series RWP16-055, December 2016.

Efficient Warnings, Not “Wolf or Puppy” Warnings

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.

Loss Sequencing in Banking Networks: Threatened Banks as Strategic Dominoes

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 2016.

Confronting Deep and Persistent Climate Uncertainty

Wagner, Gernot, and Richard J. Zeckhauser. "Confronting Deep and Persistent Climate Uncertainty." HKS Faculty Research Working Paper Series RWP16-025, August 2016.

The Causes of Peer Effects in Production: Evidence from a Series of Field Experiments

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.

Collective Action in an Asymmetric World

Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." HKS Faculty Research Working Paper Series RWP16-019, April 2016.

How Quantifying Probability Assessments Influences Analysis and Decision Making: Experimental Evidence from National Security Professionals

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.

Owning, Using and Renting: Some Simple Economics of the 'Sharing Economy'

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.

Reading Managerial Tone:
How Analysts and the Market Respond to Conference Calls

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.

Recollection Bias and Its Underpinnings:
Lessons from Terrorism-Risk Assessments

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.

Getting an Honest Answer: Clickers in the Classroom

Levy, Dan, Joshua Yardley, and Richard Zeckhauser. "Getting an Honest Answer: Clickers in the Classroom." HKS Faculty Research Working Paper Series RWP15-071, June 2016 (Revised from November 2015).

Recollection Bias and Its Underpinnings: Lessons from Terrorism-Risk Assessments

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.

Better Predictions, Better Allocations: Scientific Advances and Adaptation to Climate Change

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.

Tips and Tells from Managers: How Analysts and the Market Read Between the Lines of Conference Calls

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.

Climate Sensitivity Uncertainty: When is Good News Bad?

Freeman, Mark C., Gernot Wagner, and Richard J. Zeckhauser. "Climate Sensitivity Uncertainty: When is Good News Bad?" HKS Faculty Research Working Paper Series RWP15-002, January 2015.

Second Trimester Sunlight and Asthma: Evidence from Two Independent Studies

Wernerfelt, Nils, David Slusky, and Richard Zeckhauser. "Second Trimester Sunlight and Asthma: Evidence from Two Independent Studies." HKS Faculty Research Working Paper Series RWP14-050, October 2014.

Artful Paltering: The Risks and Rewards of Using Truthful Statements to Mislead Others

Rogers, Todd, Richard Zeckhauser, Francesca Gino, Maurice Schweitzer, and Mike Norton. "Artful Paltering: The Risks and Rewards of Using Truthful Statements to Mislead Others." HKS Faculty Research Working Paper Series RWP14-045, September 2014.

Regulating Ambiguous Risks: The Less than Rational Regulation of Pharmaceuticals

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 (Revised January 2015).

Signaling with Audits: Mimicry, Wasteful Expenditures, and Non-Compliance in a Model of Tax Enforcement

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.

Ignorance: Lessons from the Laboratory of Literature

Roy, Devjani, and Richard Zeckhauser. "Ignorance: Lessons from the Laboratory of Literature." HKS Faculty Research Working Paper Series RWP13-039, October 2013.

Audits as Signals

Kotowski, Maciej, David A. Weisbach, and Richard Zeckhauser. "Audits as Signals." HKS Faculty Research Working Paper Series RWP13-026, September 2013.

The Decisions of Entrepreneurs and Their Agents: Revealed Levels of Risk Aversion and Betrayal Aversion

Dreber, Anna, David Rand, Nils Wernerfelt, Peter Worrell, and Richard Zeckhauser. "The Decisions of Entrepreneurs and Their Agents: Revealed Levels of Risk Aversion and Betrayal Aversion." HKS Faculty Research Working Paper Series RWP13-016, May 2013.

Social Class and (Un)ethical Behavior: A Framework, with Evidence from a Large Population Sample

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." HKS Faculty Research Working Paper Series RWP13-004, March 2013.

Solomonic Separation: Risk Decisions as Productivity Indicators

Miller, Nolan, Alexander F. Wagner, and Richard J. Zeckhauser. "Solomonic Separation: Risk Decisions as Productivity Indicators." HKS Faculty Research Working Paper Series RWP12-057, November 2012.

Jobs and Kids: Female Employment and Fertility in China

Fang, Hai, Karen N. Eggleston, John A. Rizzo, and Richard J. Zeckhauser. "Jobs and Kids: Female Employment and Fertility in China." HKS Faculty Research Working Paper Series RWP12-054, November 2012.

Variable Temptations and Black Mark Reputations

Aperjis, Christina, Yali Miao, and Richard J. Zeckhauser. "Variable Temptations and Black Mark Reputations." HKS Faculty Research Working Paper Series RWP12-055, November 2012.

Assessing Uncertainty in Intelligence

Friedman, Jeffrey A., and Richard Zeckhauser. "Assessing Uncertainty in Intelligence." HKS Faculty Research Working Paper Series RWP12-027, June 2012.

Social Class and (Un)ethical Behavior: Evidence from a Large Population Sample

Trautmann, Stefan T., Gijs van de Kuilen, and Richard Zeckhauser. "Social Class and (Un)ethical Behavior: Evidence from a Large Population Sample." HKS Faculty Research Working Paper Series RWP12-019, May 2012.

Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies

Viscusi, W. Kip, and Richard Zeckhauser. "Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies." HKS Faculty Research Working Paper Series RWP11-045, November 2011.

Shunning Uncertainty: The Neglect of Learning Opportunities

Trautmann, Stefan T., and Richard Zeckhauser. "Shunning Uncertainty: The Neglect of Learning Opportunities." HKS Faculty Research Working Paper Series RWP11-044, November 2011.

The Dopamine Receptor D4 Gene (DRD4) and Self-Reported Risk Taking in the Economic Domain

Dreber, Anna, David G. Rand, Nils Wernerfelt, Justin R. Garcia, J. Koji Lum, and Richard Zeckhauser. "The Dopamine Receptor D4 Gene (DRD4) and Self-Reported Risk Taking in the Economic Domain." HKS Faculty Research Working Paper Series RWP11-042, November 2011.

The "CAPS" Prediction System and Stock Market Returns

Avery, Christopher, Judith Chevalier, and Richard Zeckhauser. "The "CAPS" Prediction System and Stock Market Returns." HKS Faculty Research Working Paper Series RWP11-028, July 2011.

Deterring and Compensating Oil Spill Catastrophes: The Need for Strict and Two-Tier Liability

Viscusi, W. Kip, and Richard Zeckhauser. "Deterring and Compensating Oil Spill Catastrophes: The Need for Strict and Two-Tier Liability." HKS Faculty Research Working Paper Series RWP11-025, July 2011.