IMPROVING THE NATIONAL FLOOD INSURANCE PROGRAM: HOW PSYCHOLOGY AND ECONOMICS CAN BE BROUGHT TOGETHER TO INFORM AND DRIVE POLICY
Speaker: Howard Kunreuther, co-director, Wharton Risk Management Center
Howard will discuss how psychology and economics can be brought together to help society better manage low-probability, high-consequence events related to technological and natural hazards. Our innate human biases make it difficult for us to assess the risk of unlikely events, and it is important to understand that while we cannot prevent these biases, it is both possible and necessary to develop and implement policies that manage the risks appropriately. Dr. Kunreuther’s work has required deep and long-term collaborations with a wide range of partners, including policy makers, insurance providers, and disaster management experts.
Sponsored by the HIBAR Research Alliance, www.hibar-research.org.