CREATE is pleased to announce that Scott Farrow has been appointed the new economics coordinator for the center’s research activities.
CREATE researchers are making conceptual and empirical advances in developing a comprehensive consequence analysis framework. CREATE embeds this cost analysis in the broader risk-based framework, including the impact of behavioral economics, and further integrates these efforts by providing the estimates of benefits and costs related to risk management applications
Scott Farrow is a Professor in the Department of Economics at UMBC, a branch of the University of Maryland. Previously, he was the Chief Economist of the US GAO (Government Accountability Office) where he also led a group focused on Government wide risk management. He earlier directed the Center for the Study and Improvement of Regulation at Carnegie Mellon University where he led development of a simulation based benefit-cost template, FERET.
Since receiving his PhD in economics from Washington State University in 1983, Dr. Farrow has served as a member of the faculty at Carnegie Mellon University and the Pennsylvania State University, twice in the Executive Office of the President under both Democratic and Republican administrations including time as Associate Director of the Council on Environmental Quality, and in the Department of the Interior. He has consulted internationally and is the founding editor of the Journal of Benefit-Cost Analysis.
Established in 2004, CREATE is a U.S. Department of Homeland Security Center of Excellence funded by Science & Technology Directorate, Office of University Programs, and based at the University of Southern California in the Sol Price School of Public Policy and the Viterbi School of Engineering.