CREATE Researchers in the News

CREATE researchers, Howard Kunreuther and Erwann Michel-Kerjan from the Wharton Risk Center, were recently featured in the recent interviews and opinion articles below.

Prepare yourself, natural disasters will only get worse, The Washington Post, September 15, 2011
By Erwann Michel-Kerjan
“Unless we start to get serious about making the country more resilient to natural disasters, we won’t be prepared for what the 21st century has in store for us."

Dealing with large-scale risks, The Daily Pennsylvanian, September 9, 2011 
By Howard Kunreuther 
“The 10th anniversary of 9/11 provides all of us who experienced the event to use it as an opportunity to take stock of how we dealt with the terrorist attack and what we may want to do differently in the future when facing disasters that have a small chance of occurring but have severe consequences if they do." 

Are Extreme Events Roadblocks to Growth? Huffington Post, September 9, 2011 
By Erwann Michel-Kerjan 
“In OECD countries it takes an average of 16 days to open a business and 5 percent of the average income per capita to do it. In Haiti it takes more than 100 days and costs proportionally 40 times more (or about 200 percent of the average income per capita). 
So when a 7.0 magnitude earthquake hit Haiti on January 12, 2010 and destroyed a substantial portion of Port-au-Prince, the losses were truly devastating."

To Dodge Blame, Officials Prepare Public For Worst, NPR’s All Things Considered, August 31, 2011
If you’re an elected public official, should you focus on truck bombs, which are more likely, or airline security, which makes the public more scared?  
Radio interview with Howard Kunreuther about the public’s reaction to disasters and its effect on policymakers.

Does politicians’ fear of blame hinder the war on terror? Washington Post, August 26, 2011 
Wharton Risk Center research underscores policymakers’ dilemma.

East Coast Gets ‘Irened’, CNBC, August 25, 2011, 7:40 PM ET(Windows Media Video) 
Howard Kunreuther discusses the worst case scenario of Hurricane Irene 

To buy or not to buy? When do companies choose terrorism insurance? Canadian Insurance Top Broker, May 24, 2011 
Wharton Risk Center research suggests that price has little impact on demand.

Time to switch off nuclear? In The Black (Australia), July 2011 (PDF)
Howard Kunreuther and other experts give their differing opinions on the future of nuclear energy.