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Richard Zeckhauser Bibliography Creator

Richard Jay Zeckhauser (born 1940) is an American economist and the Frank P. Ramsey Professor of Political Economy at the Kennedy School of Government at Harvard University.[2]

He holds a BA (summa cum laude) and a PhD in economics from Harvard University. Early in his career, he was one of the "whiz kids" assembled by Defense Secretary Robert S. McNamara to apply cutting-edge analysis to Cold War military strategy. He is married to Sally H. Zeckhauser.[1]

He is the author or co-author of many books and over 300 peer-reviewed articles. His most significant works focus on risk management, decision sciences, investment, and policy-making under uncertainty. Zeckhauser introduced the term "ignorance" into decision-making under uncertainty, as in: there's "risk", "uncertainty", and outright "ignorance".[3]

His most recent book, with Peter Schuck, is Targeting in Social Programs. The book examines how and why to deploy scarce public resources to solve public problems. While he holds no formal office, he has long been an informal leader at the Kennedy School and at Harvard. He is also a consultant with Analysis Group.[4]

Bridge career[edit]

Zeckhauser is a champion bridge player.[5]



Significant Works[edit]

  • Zeckhauser, Richard. "Investing in the Unknown and Unknowable." (2010): 77-117.
  • Samuelson, William, and Richard Zeckhauser. "Status quo bias in decision making." Journal of risk and uncertainty 1, no. 1 (1988): 7-59.
  • Zeckhauser, Richard (2006) "Investing in the Unknown and Unknowable", Capitalism and Society: Vol. 1 : Iss. 2, Article 5. doi:10.2202/1932-0213.1009
  • Schuck, Peter H. & Zeckhauser, Richard J. Targeting in Social Programs: Avoiding Bad Bets, Removing Bad Apples, Brookings Institution Press, 2010, ISBN 978-0-8157-0428-7
  • Zeckhauser, Richard, Strategy and choice, MIT Press, 1991, ISBN 978-0-262-24033-8
  • Zeckhauser, Richard, Keeney, Ralph L., Sebenius, James K. Wise choices: decisions, games, and negotiations, Harvard Business Press, 1996, ISBN 978-0-87584-677-4
  • Zeckhauser, Richard (2008). "Insurance". In David R. Henderson (ed.). Concise Encyclopedia of Economics (2nd ed.). Indianapolis: Library of Economics and Liberty. ISBN 978-0865976658. OCLC 237794267. 


External links[edit]


Richard J. Zeckhauser

Books and Edited Books

Benefit Cost and Policy Analysis Annual 1974, principal editor, Chicago: Aldine Publishing Company. 1974 Introduction written with Albert Nichols. Co-editor of 1971, 1972, 1973 volumes.

A Primer for Policy Analysis, with Edith Stokey, : W.W. Norton & Company, 1978.

Demographic Dimensions of the New Republic: American Interregional Migration, Vital Statistics, and Manumissions, 1800-1860, with Peter D. McClelland, : Press, 1982.

What Role for Government?: Lessons from Policy Research, editor, with Derek Leebaert, : Duke University Press, 1983.

Principals and Agents: The Structure of Business, editor, with John W. Pratt, : Press, 1985; paperback, 1991.

American Society: Public and Private Responsibilities, editor, with Winthrop Knowlton, Cambridge, MA: Ballinger Publishing Company, 1986.

Privatization and State-Owned Enterprises: Lessons from the United States, Great Britain, and Canada, editor, with Paul W. MacAvoy, William T. Stanbury, and George Yarrow, Boston: Kluwer Academic Publishers, 1989.

Strategy and Choice, editor, : MIT Press, 1991.

Wise Choices: Decisions, Games, and Negotiations, editor with Ralph L. Keeney and James K. Sebenius, : Press, 1996.

The Early Admissions Game: Joining the Elite, with Christopher Avery and Andrew Fairbanks, , : Press, 2003.

Targeting in Social Programs: Avoiding Bad Bets, Removing Bad Apples, with Peter H. Schuck, : Brookings Institution Press, 2006.

The Patron's Payoff: Conspicuous Commissions in Italian Renaissance Art, with Jonathan K. Nelson, , : Press, 2008.

Collaborative Governance: Private Roles for Public Goals, with John Donahue, , : Press, 2011.


1."An Economic Theory of Alliances," with Mancur Olson, Jr., Review of Economics and Statistics 48(3), August 1966, 266-279. Also reprinted in Alliances: Latent War Communities in the Contemporary World, Francis Beer (ed.), New York: Holt, Rinehart and Winston, 1970; in Economic Theories of International Politics, Bruce M. Russett (ed.), Chicago: Markham, 1968; in The Economic Approach to Politics: An Introductory Reader, Bruno S. Frey (ed.), Tubingen, Germany: J.C.B. Mohr; in The Economics of Defence, Keith Hartley and Todd Sandler (eds.), Cheltenham, U.K.: Edward Elgar Publishing, forthcoming.

2."Collective Goods, Comparative Advantage, and Efficiency," with Mancur Olson, Jr., in Issues in Defense Economics, Roland N. McKean (ed.), : National Bureau of Economic Research, Press, 1967, 25-48.

3."Some Thoughts on The Allocation of Resources to Bio-Medical Research," Department of Health, Education, and Welfare, Office of the Assistant Secretary for Planning and Evaluation, Occasional Paper No. 4, November 9, 1967.

4."Optimality in a World of Progress and Learning," Review of Economic Studies 35(3), July 1968, 363-65.

5."Public Policy and Normative Economic Theory," with Elmer Schaefer, in The Study of Policy Formation, Raymond Bauer (ed.), : The Free Press, 1968, Chapter 2,

6."Resource Allocation with Probabilistic Individual Preferences," American Economic Review 59(2), May 1969, 546-52.

7."Uncertainty and the Need for Collective Action," in The Analysis and Evaluation of Public Expenditures: The PPB System, Joint Economic , Congress, vol. 8, , : Government Printing Office,1969. Also reprinted in Public Expenditure and Policy Analysis, Robert Haveman and Julius Margolis (eds.), Chicago: Markham, 1970, Chapter 4, 96-116.

8."Majority Rule with Lotteries on Alternatives," Quarterly Journal of Economics 83, November 1969, 696-703.

9."An Approach to the Analysis of Societal Decision," in La Decision: Agregation et dynamique des ordres de preference, Paris: Centre National de la Recherche Scientifique, 1969, 317-333.

10."Medical Insurance: A Case Study of the Tradeoff between Risk Spreading and Appropriate Incentives," Journal of Economic Theory 2(1), March 1970, 10-26.

11."An Alternative to the Nixon Income Maintenance Plan," with Peter Schuck, The Public Interest, no. 19, Spring 1970, 120-30. Also reprinted in R. Eckaus, Readings in Basic Economics, Boston: Little, Brown & Co., 1971.

12."The Efficient Production of External Economies," with Mancur Olson, Jr., American Economic Review 60 (3), June 1970, 512-17.

13."Linear Regression with Non-Normal Error Terms," with Mark Thompson, Review of Economics and Statistics 52(3), August 1970, 280-86.

14."Another Type of Risk Aversion," with Emmett Keeler, Econometrica 38(5), September 1970, 661-65.

15."Education Vouchers: A Review," with Leonard Ross, Yale Law Journal 80(2), December 1970, 451-61.

16."Combining Overlapping Information," Journal of the American Statistical Association 66(333), March 1971, 91-92.

17."Optimal Mechanisms for Income Transfer," American Economic Review 61(3), pt. 1, June 1971, 324-34.

18."Insurance, Information, and Individual Action," with Michael Spence, American Economic Review 61(2), May 1971, 380-87.

19."A Tale of Probable Regions: A Statistical Fable," Journal of Political Economy, March/April 1971, 376-80.

20."The Optimal Control of Pollution," with Emmett Keeler and Michael Spence, Journal of Economic Theory 4(1), February 1972, 19-34. Also reprinted in Economics of Natural and Environmental Resources, L. Smith (ed.), : Academic Press, 1972, 19-34.

21."The Effect of the Timing of Consumption Decisions and the Resolution of Lotteries on the Choice of Lotteries," with Michael Spence, Econometrica 40(2), March 1972, 401-404; and in Surgery, John Bunker, F. Mosteller, and Benjamin Barnes (eds.), New York: Oxford University Press, 1977, 59-69.

22."Determining the Qualities of a Public Good -- A Paradigm on Location," Western Economic Journal 10(4), December 1972, 39-60.

23."Critical Ratios and Efficient Allocation," with Milton Weinstein, Journal of Public Economics 2(2), April 1973, 147-57.

24. "Coverage for Catastrophic Illness," Public Policy 21(2), Spring 1973, 149-72. Also reprinted in Benefit Cost and Policy Analysis Annual 1973, R. Haveman, A. Harberger, L. Lynn, , R. Turvey, R. Zeckhauser, and D. Wisecarver (eds.), Chicago: Aldine Publishing Company.

25."Voting Systems, Honest Preferences, and Pareto Optimality," American Political Science Review 67(3), September 1973, 934-46.

26."The Risks of Growth," Daedalus 102(4), Fall 1973, 103-18. Also reprinted in No Growth Society, M. Olson and H.H. Landsberg (eds.), New York: W.W. Norton Co., 1973; and Management and Control of Growth: Issues, Techniques, Problems, Trends, Washington, D.C.: The Urban Land Institute, 1975.

27."Time as the Ultimate Source of Utility," Quarterly Journal of Economics 87, November 1973, 668-73. Also reprinted in Time in Economic Theory, Stefano Zamagni and Elettra Agliardi (eds.), Camberley Surrey, UK: Edward Elgar Publishing, 2004.

28."The Welfare Implications of the Extension of Life," The Gerontologist, February 1974, 2-3, 93-95. Also reprinted in Social Problems of the Aging, Robert C. Atchley, Sherry L. Corbett, and Mildred M. Seltzer (eds.), , : Publishing, 1976.

29."The Productivity Potential of the Physician Assistant," with Michael Eliastam, Journal of Human Resources 9(1), Winter 1974, 95-116.

30."Treating External Diseconomies -- Markets or Taxes?," with David Starrett, in Statistical and Mathematical Aspects of Pollution Problems, John W. Pratt (ed.), : Marcel Dekker, Inc., 1974, 65-84.

31."Risk Spreading and Distribution," in Redistribution Through Public Choice, Harold M. Hochman and George E. Peterson (eds.), : Press, 1974, 206-28. Also reprinted in Benefit Cost and Policy Analysis Annual 1974, R. Haveman, A. Harberger, L. Lynn, , R. Turvey, R. Zeckhauser, and D. Wisecarver (eds.), Chicago: Aldine Publishing Co.

32."The Topology of Pareto-Optimal Regions with Public Goods," with Milton C. Weinstein, Econometrica 42(4), July 1974, 643-66.

33."The Regulation of Genetic Engineering," with Stephen Breyer, in Genetic Responsibility, Mack Lipkin, Jr. and Peter T. Rowley (eds.), : Plenum Press, 1974, 137-43. Also reprinted in Man and Medicine, Autumn 1975, 1-9.

34."Encouraging Improved Performance in Higher Education," with Sally Zeckhauser, Daedalus, Winter 1975, 97-107.

35."Use Patterns for Depletable and Recycleable Resources," with Milton C. Weinstein, Review of Economic Studies Symposium (1974), 67-88.

36."The Optimal Consumption of Depletable Natural Resources," with Milton C. Weinstein, Quarterly Journal of Economics, August 1975, 371-92.

37."Decision Analysis for Flight in the Stratosphere," with Gail Shearer and Pamela Memishian, in Economic and Social Measures of Biologic and Climatic Change, CIAP Monograph 6, Department of Transportation Climatic Impact Assessment Program, Office of the Secretary of Transportation, Washington, D.C.: U.S. Government Printing Office, September,1975.

38."Procedures for Valuing Lives," Public Policy 23(4), Fall 1975, 419-464.

39."Where Now for Saving Lives?," with Donald Shepard, Law and Contemporary Problems 40(4), Autumn 1976, 5-45.

40."Environmental Policy Choice Under Uncertainty," with W. Kip Viscusi, Journal of Environmental Economics and Management 3, 1976, 97-112.

41."Stockpiling Strategies and Cartel Prices," with Albert L. Nichols, Journal of Economics 8(1), Spring 1977, 66-96.

42."The Role of Social Security in Income Maintenance," with W. Kip Viscusi, in The Crisis in Social Security: Problems and Prospects, Michael L. Boskin (ed.), : Institute for Contemporary Studies, 1977.

43."Government Comes to the Workplace: An Assessment of OSHA," with Albert L. Nichols, Public Interest 49, Fall 1977, 39-69. Also reprinted in OSHA: History, Law and Policy, Benjamin Mintz, Washington, D.C.: Bureau of National Affairs, Inc., August 1984.

44."Taxes in Fantasy, or Most Any Tax on Labor Can Turn Out to Help the Laborers," with an epilogue by Thomas Schelling, Journal of Public Economics 8, 1977, 133-50.

45."Heterogeneity Among Patients as a Factor in Surgical Decision Making," with Donald S. Shepard, in Costs, Risks, and Benefits of Surgery, John P. Bunker, Frederick Mosteller, and Benjamin A. Barnes (eds.), New York: Oxford University Press, 1977, 56-69.

46."Summary, Conclusions, and Recommendations," with John P. Bunker, Benjamin A. Barnes, Frederick Mosteller, John P. Gilbert, and Bucknam McPeek., in Costs, Risks, and Benefits of Surgery, John P. Bunker, Frederick Mosteller, and Benjamin A. Barnes (eds.), New York: Oxford University Press, 1977, 387-94.

47."Lessons from the Economics of Safety," with Albert L. Nichols, in The Economics of Medical Malpractice, Simon Rottenberg (ed.), Washington, D.C.: American Enterprise Institute, 1977, 19-33.

48."Some Sober Thoughts on Health Care Regulation," with Penny Hollander Feldman, in Regulating Business, Donald P. Jacobs (ed.), San Francisco: Institute for Contemporary Studies, 1978, 93-123. Also reprinted in Journal of the American Health Care Association.

49."The Optimal Consumption of Depletable Natural Resources: An Elaboration, Correction, and Extension," with M.L. Cropper and Milton C. Weinstein, Quarterly Journal of Economics, May 1978, 337-44.

50."The Occupational Safety and Health Administration: An Overview," with Albert Nichols, in Study on Federal Regulation, vol. 6: Framework for Regulation, Senate Committee on Governmental Affairs, , : Government Printing Office, 1978, 163-248.

51."The Efficient Allocation of Individuals to Positions," with Aanund Hylland, Journal of Political Economy 87(2), April 1979, 293-314.

52."Price Differences in Almost Competitive Markets," with John W. Pratt and David A. Wise, Quarterly Journal of Economics, May 1979, 189-211.

53."Paying the Expected Externality for a Price Quote Achieves Bargaining Efficiency," with Kalyan Chatterjee and John W. Pratt, Economics Letters 1, 1978, 311-13.

54."Distributional Objectives Should Affect Taxes But Not Program Choice or Design," with Aanund Hylland, Scandinavian Journal of Economics 81, 1979, 264-84.

55."The Impossibility of Bayesian Group Decision Making with Separate Aggregation of Beliefs and Values," with Aanund Hylland, Econometrica 47(6), November 1979, 1321-36.

56."Optimal Standards with Incomplete Enforcement," with W. Kip Viscusi, Public Policy 27(4), Fall 1979, 437-56.

57."Social and Economic Factors in Food Safety Decision Making," Food Technology, November 1979, 47-52, 60.

58."Concepts for Measuring Risks and Benefits," in Principles and Processes for Making Food Safety Decisions, : Social and Economic Committee of the Food Safety Council, 1979, 57-81.

59."Long-Term Effects of Interventions to Improve Survival in Mixed Populations," with Donald S. Shepard, Journal of Chronic Diseases 33, 1980, 413-33.

60."Using the Wrong Tool: The Pursuit of Redistribution Through Regulation," , : Chamber of Commerce, August 1979.

61."Market Index Futures Contracts," with Victor Niederhoffer, Financial Analysts Journal, January/February 1980, 49-55. Also reprinted in Handbook of Financial Markets: Securities, Options, Futures, Frank J. Fabozzi and Frank G. Zarb (eds.), Dow Jones-Irwin; and in Interest Rate Futures: Concepts and Issues, Gerald D. Gay and Robert W. Kolb (eds.) Richmond, VA: Robert F. Dame, Inc., 1982.

62."Appropriate Functions and Rewards for State Workers," : New York State/CSEA Committee on the Work Environment and Productivity (CWEP), October 1980.

63."Principles for Saving and Valuing Lives," with Donald S. Shepard in The Benefits of Health and Safety Regulation, Allen R. Ferguson and E. Phillip LeVeen (eds.), Cambridge, MA: Ballinger Publishing Co., 1981. Also reprinted in Technical Risk Assessment, : Sijthoff & Noordhoff International Publishers, 1982.

64."'Catastrophic' Health Insurance -- A Misguided Prescription?," with Christopher J. Zook and Francis D. Moore, The Public Interest, Winter 1981.

65."The Choice of Health Policies with Heterogeneous Populations," with Donald S. Shepard, in Economic Aspects of Health, Victor R. Fuchs (ed.), : Press, 1982.

66."Failures to Control Health Costs: Departures from First Principles," with Christopher Zook in A New Approach to the Economics of Health Care, Mancur Olson (ed.), Washington, D.C.: American Enterprise Institute, 1981.

67."Preferred Policies When There is a Concern for Probability of Adoption," Journal of Environmental Economics and Management 8, June 1981, 215-37.

68."Misuse of Technology: A Symptom, Not the Disease," with David Blumenthal and Penny Feldman, in Critical Issues in Medical Technology, Barbara J. McNeil and Ernest G. Cravalho (eds.), : House, 1982, 163-174.

69."OSHA After a Decade: A Time for Reason," with Albert Nichols, in Case Studies in Regulation: Revolution and Reform, Leonard W. Weiss and Michael W. Klass (eds.), : Little, Brown & Co., 1981.

70."Pecuniary Externalities Do Matter When Contingent Claims Markets Are Incomplete," with Lee Hsien Loong, Quarterly Journal of Economics 97(1), February 1982, 171-79.

71."Inferences from Alarming Events," with John W. Pratt, Journal of Policy Analysis and Management 1(3), Spring 1982, 371-85.

72."Life-Cycle Consumption and Willingness to Pay for Increased Survival," with Donald S. Shepard, in The Value of Life and Safety, Michael W. Jones-Lee (ed.), : North Holland Publishing Co., 1982, 95-141.

73."Targeting Transfers through Restrictions on Recipients," with Albert L. Nichols, American Economic Review 72(2), May 1982, 372-77. Also reprinted in Economic Theory and the Welfare State, Nicholas Barr (ed.), : Edward Elgar Publishing, forthcoming.

74."Predictions Fulfilled: The Early Experience of Market Index Futures Contracts," with Victor Niederhoffer, in in Investment Management, Frank Fabozzi (ed.), : Richard D. Irwin, Inc., 1983, 323-29.

75."The Performance of Market Index Futures Contracts," with Victor Niederhoffer, Financial Analysts Journal, January/February 1983. Also reprinted in CFA Readings in Derivative Securities, The Institute of Chartered Financial Analysts, 1988.

76."Public Insurance Provision and Non-Market Failures," with Herman B. Leonard, Papers on Risk and Insurance 8(27), April 1983, 147-57.

77."Optimal Selling Strategies: When to Haggle, When to Hold Firm," with John Riley, Quarterly Journal of Economics, May 1983, 267-89.

78."Economic Contests: Comparative Reward Schemes," with Mary O'Keeffe and W. Kip Viscusi, Journal of Labor Economics 2(1), January 1984, 27-56.

79."Survival Versus Consumption," with Donald S. Shepard, Management Science, April 1984, 423-39.

80."The Artificial Heart as an Economic Issue," with David Blumenthal, in After Barney Clark: Reflections on the Artificial Heart Program, Margery W. Shaw (ed.), : Press, 1984, 149-67.

81."Pensions and the Retirement Decision," with Barry Nalebuff, in Pensions, Labor, and Individual Choice," David A. Wise (ed.), Chicago: Press, 1985, 283-316.

82."Cost-Benefit Analysis Applied to Risks: Its Philosophy and Legitimacy," with Herman B. Leonard, in Values at Risk, Douglas MacLean (ed.), : Rowman & Allanheld, 1986, 31-48.

83."Financial Risk and the Burden of Contracts," with Herman B. Leonard, American Economic Review, Papers and Proceedings 75(2), May 1985, 375-80.

84."New Technologies and the Valuation of Life," printed in Japanese in NEXT, : Kodansha, April 1985, 85-89.

85."Principals and Agents: An Overview," with John W. Pratt in Principals and Agents: The Structure of Business, John W. Pratt and Richard J. Zeckhauser (eds.), : Press, 1985.

86."Measuring Risks and Benefits of Food Safety Decisions," Vanderbilt Law Review 38(3), April 1985, 539-82.

87."Persistence in the Choice of Health Plans," with Joachim Neipp, in Advances in Health Economics and Health Services Research, Richard M. Scheffler and Louis F. Rossiter (eds.), : JAI Press, vol. 6, Biased Selection in Health Care Markets, 1985, 47-72.

88."Health Intervention and Population Heterogeneity: Evidence from and the ," with Ryuzo Sato and John Rizzo, : National Institute for Research Advancement, 1985.

89."The Dangers of Caution: Conservatism in Assessment and the Mismanagement of Risk," with Albert L. Nichols, in Advances in Applied Micro-Economics, vol. 4, V. Kerry Smith (ed.), Greenwich, CT: JAI Press, 1986, 55-82.

90."The Muddled Responsibilities of Public and Private America," in American Society: Public and Private Responsibilities, Knowlton and Richard Zeckhauser (eds.), : Ballinger Publishing Co., 1986, 45-77.

91."Behavioral versus Rational Economics: What You See Is What You Conquer",Journal of Business 59(4), pt. 2, 1986, S435-49. Also reprinted in Rational Choice: The Contrast Between Economics and Psychology, Robin M. Hogarth and Melvin W. Reder (eds.), Chicago: The , 1987, 251-66.

92."The Perils of Prudence: How Conservative Risk Assessments Distort Regulation," with Albert L. Nichols, Regulation, November/December 1986, 13-24. Reprinted in revised form in Regulatory Toxicology and Pharmacology, vol. 8, 1988.

93." Amnesty, Enforcement, and Tax Policy," with Herman B. Leonard, in Tax Policy and the Economy, Summers (ed.), : MIT Press, 1987, 55-86.

94."Proper Risk Aversion," with John W. Pratt, Econometrica 55(1), January 1987, 143-54.

95."Cost-effectiveness of Prenatal Screening for Neural Tube Defects," with Susan B. Meister and Donald S. Shepard, in Prenatal Screening, Policies, and Values: The Example of Neural Tube Defects, Elena O. Nightingale and Susan B. Meister (eds.), Cambridge, MA: Harvard University Press, 1987, 66-93.

96."Incentive-based Decentralization: Expected-Externality Payments Induce Efficient Behaviour in Groups," with John W. Pratt, in Arrow and the Ascent of Modern Economic Theory, George R. Feiwel (ed.), : Press, 1987, 439-83.

97."Valuing Health -- A 'Priceless' Commodity," with Victor R. Fuchs, American Economic Review, Papers and Proceedings 77(2), May 1987, 263-68.

98."Status Quo Bias in Decision Making," with William Samuelson, Journal of Risk and Uncertainty 1, March 1988, 7-59.

99."Foreword," to Health Care in America: The Political Economy of Hospitals and Health Insurance, H.E. Frech, III (ed.), San Francisco: Pacific Research Institute, 1988, xvii-xxiii.

100."The Dilemma of Government Responsiveness," with Dani Rodrik, Journal of Policy Analysis and Management 7(4), 1988, 601-20.

101."The Control and Performance of State-Owned Enterprises," with Murray Horn, in Privatization and State-Owned Enterprises: Lessons from the United States, Great Britain, and Canada, Paul W. MacAvoy, W.T. Stanbury, and George Yarrow (eds.), Boston: Kluwer Academic Publishers, 1989, 7-57.

102."Distinguished Fellow: Reflections on Thomas Schelling," Journal of Economic Perspectives 3(2), Spring 1989, 153-64.

103."Assessing Dynamic Efficiency: Theory and Evidence," with Andrew B. Abel, N. Gregory Mankiw, and Lawrence H. Summers, Review of Economic Studies 56, 1989, 1-19.

104."The Impact of Risk Sharing on Efficient Decision," with John W. Pratt, Journal of Risk and Uncertainty 2, 1989, 219-34.

105."Status Quo Bias and Insurance Markets," with William Samuelson, John Liner Review 3(2), Summer 1989, 38-50.

106."Domestic and International Mergers: Competition or Cooperation?," with Ryuzo Sato, in Beyond Trade Friction: Japan-U.S. Economic Relations, Ryuzo Sato and Julianne Nelson (eds.), : Press, 1989, 93-120.

107."Genetic Diagnosis: Implications for Medical Practice," with David Blumenthal, M.D., International Journal of Technology Assessment in Health Care 5(4), 1989, 579-600.

108."Contingent Valuation of Damage to Natural Resources: How Accurate? How Appropriate?," with Carl V. Phillips, Toxics Law Reporter 4(18), October 4, 1989, 520-29.

109."Clearly Heard on the Street: The Effect of Takeover Rumors on Stock Prices," with John Pound, Journal of Business 63(3), 1990, 291-308.

110."Treasury Bill Futures as Unbiased Predictors: New Evidence and Relation to Unexpected Inflation," with Jay Patel, Review of Futures Markets 8(3), 1989, 352-368.

111."Are Large Shareholders Effective Monitors?: An Investigation of Share Ownership and Corporate Performance," with John Pound, in Asymmetric Information, Corporate Finance, and Investment, Glenn Hubbard (ed.), : Press, 1990, 149-80.

112."Efficiency Despite Mutually Payoff-Relevant Private Information: The Finite Case," with Scott Johnson and John W. Pratt, Econometrica 58(4), July 1990, 873-900.

113."Shared Price Trends: Evidence From Cities and OECD Countries," with Jayendu Patel, Journal of Business and Economic Statistics 8(2), April 1990, 179-89.

114."Risk Within Reason," with W. Kip Viscusi, Science 248, May 4, 1990, 559-64. Also reprinted in The State of Humanity, Julian L. Simon (ed.), : Blackwell Publishers, 1995, 628-636. Also in Judgment and Decision Making: An Interdisciplinary Reader, second edition, Terry Connolly, Hal R. Arkes, and Kenneth R. Hammond (eds.), New York: Cambridge University Press, forthcoming 1997.

115."Advertising and Entry: The Case of Physician Services," with John A. Rizzo, Journal of Political Economy 98(3), June 1990, 476-500.

116."State Tort Reform Legislation: Assessing Our Control of Risks," with Glenn Blackmon, in Tort Law and the Public Interest: Competition, Innovation, and Consumer Welfare, Peter Schuck (ed.), : W.W. Norton and Company and the American Assembly, 1991, 272-309.

117."The Fair and Efficient Division of the Winsor Family Silver," with John W. Pratt, Management Science 36(11), November 1990, 1293-1301.

118."Nonrational Actors and Financial Market Behavior," with Jayendu Patel and Darryll Hendricks, Theory and Decision, vol. 31, 1991, 257-287.

119."Mispriced Equity: Regulated Rates for Auto Insurance in ," with Glenn Blackmon, American Economic Review, Papers and Proceedings 81(2), May 1991, 65-69.

120."The Rationality Struggle: Illustrations from Financial Markets," with Jayendu Patel and Darryll Hendricks, American Economic Review, Papers and Proceedings 81(2), May 1991, 232-236.

121."Paying to Improve Your Chances: Gambling or Insurance," with Martin McGuire and John W. Pratt, Journal of Risk and Uncertainty 4(4), December 1991, 329-338.

122."Advertising and the Price, Quantity, and Quality of Primary Care Physician Services," with John A. Rizzo, Journal of Human Resources 27(3), Summer 1992, 381-421.

123."Fragile Commitments and the Regulatory Process," with Glenn Blackmon, Yale Journal on Regulation 9(1), Winter 1992, 73-105.

124."Multidimensional Bargains and the Desirability of Ex Post Inefficiency," with John W. Pratt, Journal of Risk and Uncertainty 5(3), July 1992, 205-216.

125."Hot Hands in Mutual Funds: Short-Run Persistence of Performance, 1974-88," with Darryll Hendricks and Jayendu Patel, Journal of Finance 48(1), March 1993, 93-130. Also reprinted in Mutual Fund Investment Strategies, Alan Lavine (ed.), Probus Publishing Company,1995.

126."The Effect of 1980s Tort Reform Legislation on General Liability and Medical Malpractice Insurance," with W. Kip Viscusi, Patricia Born, and Glenn Blackmon, Journal of Risk and Uncertainty 6(2), April 1993, 165-186.

127."The Reverse LBO Decision and Firm Performance: Theory and Evidence," with Francois Degeorge, Journal of Finance 48(4), September 1993, 1323-1348.

128."Delayed Compensation for Lost Income," with John W. Pratt, Journal of Risk and Uncertainty 7(3), December 1993, 301-310.

129."Demographic Characteristics and the Public Bundle," with David M. Cutler and Douglas W. Elmendorf, in On the Role of Budgetary Policy During Demographic Changes, Barbara L. Wolfe (ed.), Proceedings of the 48th Congress of the International Institute of Public Finance, Seoul 1992, Supplement to Public Finance, vol. 48, 1993, 178-198.

130."Insurance," in The Fortune Encyclopedia of Economics, David R. Henderson (ed.), : Warner Books, 1993, 22-26. Also available in The Concise Encyclopedia of Economics, Liberty Fund, Inc., Library of Economics and , 17 March 2004, http://www.econlib.org/library/Enc/Insurance.html.

131."Investment Flows and Performance: Evidence from Mutual Funds, Cross-Border Investments, and New Issues," with Jayendu Patel and Darryll Hendricks, in , Europe, and International Financial Markets: Analytical and Empirical Perspectives, Ryuzo Sato, Richard M. Levich, and Rama Ramachandran (eds.), : Press, 1994, 51-72.

132."The Fatality and Injury Costs of Expenditures," with W. Kip Viscusi, Journal of Risk and Uncertainty 8(1), January 1994, 19-41.

133."Pecuniary Redistribution through In-Kind Programs," with Stephen Coate and Stephen Johnson, Journal of Public Economics 55, 1994, 19-40.

134."Public Finance Principles and National Health Care Reform," Journal of Economic Perspectives 8(3), Summer 1994, 55-60.

135. "Cheap Tolerance," with Frederick Schauer, Filozofska Istrazivanja 55(14), 1994, 835-848.

136."Cooperation in the Unbalanced Commons," with Edward A. Parson, in Barriers to Conflict Resolution, Kenneth Arrow, Robert Wilson, Amos Tversky, Lee Ross, and Robert Mnookin (eds.), New York: W.W. Norton and Company, 1995, 212-234.

137."Equal Measures or Fair Burdens: Negotiating Environmental Treaties in an Unequal World," with Edward A. Parson, in Shaping National Responses to Climate Change: A Post-Rio Guide, Henry Lee (ed.), Washington, DC: Island Press, 1995, 81-114.

138."Equilibrium with Agglomeration Economies," with John H. Lindsey II and John W. Pratt, Regional Science and Urban Economics 25, 1995, 249-260.

139."Roles for Electronic Brokers," with Paul Resnick and Christopher Avery, in Toward a Competitive Telecommunication Industry: Selected Papers from the 1994 Telecommunciations Policy Research Conference, Gerald W. Brock (ed.), Mahwah, NJ: Lawrence Erlbaum Associates, Publishers, 1995, Chapter 15, 289-304.

140."Risks to Selves, Risks to Others," with Christopher Avery and S. Jody Heymann, American Economic Review, Papers and Proceedings 85(2), May 1995, 61-66.

141."Confronting Natural Resource Damages: The Economist's Perspective," with Carl V. Phillips, in Natural Resource Damages: A Legal, Economic, and Policy Analysis, Richard B. Stewart (ed.), Washington, DC: National Legal Center for the Public Interest, 1995, 119-151.

142."Insurance and Catastrophes," 1995 Annual Geneva Lecture. Geneva Papers on Risk and Insurance Theory 20, 1995, 157-175. Also Geneva Papers on Risk and Insurance: Issues and Practice 78, January 1996, 3-21.

143."Selling Procedures with Private Information and Common Values," with John H. Lindsey II and William Samuelson, Management Science 42(2), February 1996, 220-231.

144."Signposting: The Selective Revelation of Product Information,," with David V.P. Marks, in Wise Choices: Games, Decisions, and Negotiations, Richard J. Zeckhauser, Ralph L. Keeney, and James K. Sebenius (eds.), Boston: Harvard Business School Press, 1996, 22-41.

145."The Economics of Catastrophes," Journal of Risk and Uncertainty 12, 1996, 113-140. Also reprinted in The Social Treatment of Catastrophic Risk, Kenneth Scott (ed.); and in The Economics of Natural Hazards, vol. II, Howard Kunreuther and Adam Rose (eds.), 209-236.

146."Thomas Schelling," with Avinash Dixit, in American Economists of the Late Twentieth Century, Warren J. Samuels (ed.), Brookfield, VT: Edward Elgar Publishing, 1996, 259-273.

147."Budgets as Dynamic Gatekeepers," with Harold Pollack, Management Science 42(5), May 1996, 642-658.

148."On the Degree of Confidence for Adverse Decisions," with Frederick Schauer, Journal of Legal Studies 25, January 1996, 27-52.

149."The Risk Management Dilemma," with W. Kip Viscusi, in The Annals of the American Academy of Political and Social Science 545, "Challenges in Risk Assessment and Risk Management," Howard Kunreuther and Paul Slovic (eds.), May 1996, 144-155. Also reprinted in Environmental Risk Planning and Management, R. Kerry Turner, Ian Bateman, and Simon Gerrard (eds.), Cheltenham, UK: Edward Elgar Publishing, forthcoming.

150."Hazard Communication: Warnings and Risk," with W. Kip Viscusi, in The Annals of the American Academy of Political and Social Science 545, "Challenges in Risk Assessment and Risk Management," Howard Kunreuther and Paul Slovic (eds.), May 1996, 106-115.

151."Willingness to Pay and the Distribution of Risk and Wealth," with John W. Pratt, Journal of Political Economy, May 1996, 747-763.

152."Communicating the Health Effects of Consumer Products: The Case of Moderate Alcohol Consumption and Coronary Heart Disease," with Carl V. Phillips, Managerial and Decision Economics 17, 1996, 459-470.

153."The Challenge of Contracting for Technological Information," Proceedings of the National Academy of Sciences 93, November 12, 1996, 12743-12748.

154."The J-Shape of Performance Persistence Given Survivorship Bias," with Darryll Hendricks and Jayendu Patel, Review of Economics and Statistics 79(2), May 1997, 161-170.

155."Investment Flexibility and the Acceptance of Risk," with Christian Gollier and John Lindsey, Journal of Economic Theory 75(2), October 1997, 219-241.

156."Property Tax Limitations in Retrospect: The Example of Massachusetts," with David M. Cutler and Douglas W. Elmendorf, in 1996 Proceedings of the Eighty-Ninth Annual Conference on Taxation, Washington, DC: National Tax Association, 1997, 160-168.

157."Adverse Selection in Health Insurance," with David M. Cutler, in Frontiers in Health Policy Research, vol. 1, Alan Garber (ed.), Cambridge, MA: MIT Press, 1998, 1-31.

158."The Anatomy of Jumps and Falls in Wages," with Michael J. Moore and W. Kip Viscusi, in Research in Labor Economics 17, Solomon W. Polachek (ed.), Stamford, CT: JAI Press, 1998, 201-232.

159."Amos Tversky and the Ascent of Behavioral Economics," with David Laibson, Journal of Risk and Uncertainty 16(1), April 1998, 7-47.

160."Organizational Form and Insurance Company Performance: Stocks versus Mutuals," with Patricia Born, William M. Gentry, and W. Kip Viscusi, in The Economics of Property-Casualty Insurance, David Bradford (ed.), Chicago: University of Chicago Press, 1998, 167-192.

161."Adverse Selection and Adverse Retention," with Daniel Altman and David M. Cutler, American Economic Review, Papers and Proceedings 88(2), May 1998, 122-126.

162."Demography, Economic Performance, and Financial Markets," (Sanwa Public Lecture, March 11, 1997), Japan and the World Economy 10(3), July 1998, 381-385.

163."Two Crises and Two Chinas," with Shang-Jin Wei, Japan and the World Economy 10(3), July 1998, 359-369.

164."Restoring Natural Resources with Destination-Driven Costs," with Carl V. Phillips, Journal of Environmental Economics and Management 36, 1998, 225-242.

165."Reinsurance for Catastrophes and Cataclysms," with David M. Cutler, in The Financing of Catastrophe Risk, Kenneth A. Froot (ed.), Chicago: University of Chicago Press, 1999, 233-269.

166."Earnings Management to Exceed Thresholds," with Francois Degeorge and Jayendu Patel, Journal of Business 72(1), January 1999, 1-33. Also reprinted in Behavioral Finance, Harold M. Shefrin (ed.), Cheltenham, UK: Edward Elgar Publishing, 2001.

167."Restraining the Leviathan: Property Tax Limitation in Massachusetts," with David M. Cutler and Douglas W. Elmendorf, Journal of Public Economics 71, 1999, 313-334.

168."Price Versus Quantity: Market-Clearing Mechanisms When Consumers are Uncertain about Quality," with Andrew Metrick, Journal of Risk and Uncertainty 17(3), 1999, 215-242.

169."The Anatomy of Health Insurance," with David Cutler, in The Handbook of Health Economics, Joseph P. Newhouse and Anthony J. Culyer (eds.), Amsterdam: Elsevier Science, 2000, 563-643.

170."Legislators as Negotiators," with David C. King, in Negotiating on Behalf of Others: Advice to Lawyers, Business Executives, Sports Agents, Diplomats, Politicians, and Everybody Else, Robert H. Mnookin and Lawrence E. Susskind, with Pacey C. Foster (eds.), Thousand Oaks, CA: Sage Publications, 1999, 203-225.

171."The Market for Evaluations," with Christopher Avery and Paul Resnick, American Economic Review 89(3), June 1999, 564-584.

172."The Menu-Setting Problem and Subsidized Prices: Drug Formulary Illustration," with Todd Olmstead, Journal of Health Economics 18, 1999, 523-550.

173."Dark Deals and Dampened Destinies: Corruption and Economic Performance," with Shang-Jin Wei, Japan and the World Economy 11, 1999, 443-454.

174."Action Bias and Environmental Decisions," with Anthony Patt, Journal of Risk and Uncertainty 21(1), 2000, 45-72.

175."Reputation Systems," with Paul Resnick, Eric Friedman, and Ko Kuwabara, Communications of the ACM 43(12), 2000, 45-48.

176."The Design and Interpretation of Contracts: Why Complexity Matters," with Karen Eggleston and Eric A. Posner, Northwestern University Law Review 95(1), 2000, 91-132.

177."The Optimal Harvesting of Environmental Bads," with N.O. Keohane and B. Van Roy, Proceedings of the IEEE Conference on Decision and Control, 2000, 234-239.

178."Can Market and Voting Institutions Generate Optimal Intergenerational Risk Sharing?," with Antonio Rangel, in Risk Aspects of Investment Based Social Security Reform, John Y. Campbell and Martin Feldstein (eds.), Chicago: University of Chicago Press, 2001, 113-141.

179."The Economics of Clean Up, and Implications for Legal Design," with Carl V. Phillips, in The Law and Economics of the Environment, Anthony Heyes (ed.), Cheltenham, UK: Edward Elgar Publishing, 2001, 116-135.

180."The Rising Sun and the Stumbling Bear," with Robert E. Jensen, in Economic Theory, Dynamics, and Markets: Essays in Honor of Ryuzo Sato, Takashi Negishi, Rama V. Ramachandran, and Kazuo Mino (eds.), Boston: Kluwer Academic Publishers, 2001, 483-493.

181."Government's Role When Markets Rule," with John D. Donahue, in Governance Amid Bigger, Better Markets, John D. Donahue and Joseph S. Nye, Jr. (eds.), Washington, D.C.: Brookings Institution Press, 2001, 282-305.

182."Behavioral Perceptions and Policies Toward the Environment," with Anthony Patt, in Judgments, Decisions, and Public Policy, Rajeev Gowda and Jeffrey C. Fox (eds.), Cambridge, UK: Cambridge University Press, 2002, 265-302.

183."Political Competition and Debt Trajectories in Japan and the OECD," with David Skilling, Japan and the World Economy 14, 2002, 121-135.

184."Horizon Length and Portfolio Risk," with Christian Gollier, Journal of Risk and Uncertainty 24(3), 2002, 195-212 .

185."A Renaissance Instrument to Support Nonprofits: The Sale of Private Chapels in Florentine Churches," with Jonathan K. Nelson, in The Governance of Not-for-Profit Organizations, Edward Glaeser (ed.), Chicago: University of Chicago Press, 2003, 143-180.

186."High Stakes Decision Making: Normative, Descriptive, and Prescriptive Considerations," with Howard Kunreuther, Robert Meyer, et al., Marketing Letters 13(3), 2002, 259-268.

187."Government Contracting for Health Care," with Karen Eggleston, in Market-Based Governance: Supply Side, Demand Side, Upside, and Downside, John D. Donahue and Joseph S. Nye, Jr. (eds.), Washington, D.C.: Brookings Institution Press, 2002, 29-65.

188."Information and Communication Technologies, Markets, and Economic Development," with Karen Eggleston and Robert Jensen, in The Global Information Technology Report 2001-2002: Readiness for the Networked World, Geoffrey S. Kirkman, Peter K. Cornelius, Jeffrey D. Sachs, Klaus Schwab, eds., New York: Oxford University Press, 2002, 62-74.

189."Collective Silence and Individual Voice: The Logic of Information Games," with Edward A. Parson and Cary Coglianese, in Collective Choice: Essays in Honor of Mancur Olson, J. Heckelman and D. Coates (eds.), Springer-Verlag, 2003, 49-70.


191."Trust Among Strangers in Internet Transactions: Empirical Analysis of eBay's Reputation System," with Paul Resnick, in The Economics of the Internet and E-Commerce, M. R. Baye (ed.), Amsterdam: Elsevier Science, 2002, 127-157.

192."The Denominator Blindness Effect: Accident Frequencies and the Misjudgment of Recklessness," with W. Kip Viscusi, American Law and Economics Review 6(1), 2004, 72-94.

193."Congressional Vote Options," with David C. King, Legislative Studies Quarterly 28(3), 2003, 387-411.

194."Sacrificing Civil Liberties to Reduce Terrorism Risks," with W. Kip Viscusi, Journal of Risk and Uncertainty 26(2/3), 2003, 99-120.

195."The Ecology of Terror Defense," with Nathaniel O. Keohane, Journal of Risk and Uncertainty 26(2/3), 2003, 201-229.

196."Enrollee Mix, Treatment Intensity, and Cost in Competing Indemnity and HMO Plans," with Daniel Altman and David Cutler, Journal of Health Economics 22, 2003, 22-45.

197."Reference Incomes, Loss Aversion, and Physician Behavior," with John A. Rizzo, Review of Economics and Statistics 85(4), 2003, 909-922.

198."The Ecology of Risk Taking," with Francois Degeorge and Boaz Moselle, Journal of Risk and Uncertainty 28(3), 2004, 195-215.

199."Trust, Risk and Betrayal," with Iris Bohnet, Journal of Economic Behavior and Organization, 55(4), 2004, 467-484.

200."Racial Profiling," with Mathias Risse, Philosophy and Public Affairs 32(2), 2004: 131-170.

201."Social Comparisons in Ultimatum Bargaining," with Iris Bohnet, Scandinavian Journal of Economics 106(3), 2004, 495-510.

202."Recollection Bias and the Combat of Terrorism," with W. Kip Viscusi, Journal of Legal Studies 34, 2005, 27-55.

203."Public-Private Collaboration," with John D. Donahue, in Michael Moran, Martin Rein, and Robert E. Goodin (eds.), Oxford Handbook of Public Policy, Oxford: Oxford University Press, 2006, 496-525.

204."Extending the Theory to Meet the Practice of Insurance," with David M. Cutler, in Robert E. Litan and Richard Herring (eds.), Brookings-Wharton Papers on Financial Services, 2004, 1-53.

205."For Sale, but How? Auctions vs. Negotiations," with Guhan Subramanian, Negotiation, October, 2004.

206."On the Block: Choose the Best Type of Auction," with Guhan Subramanian, Negotiation, December, 2004.

207."‘Negotiauctions’: Taking a Hybrid Approach to the Sale of High Value Assets," with Guhan Subramanian, Negotiation 8(2), February, 2005, 4-6.

208."Seeking Truth for Power: Informational Strategy and Regulatory Policymaking," with Cary Coglianese and Edward Parson, Minnesota Law Review 89(2), 2004, 277-341, http://lsr.nellco.org/upenn/wps/papers/111.

209."The Perception and Valuation of the Risks of Climate Change: A Rational and Behavioral Blend," with W. Kip Viscusi Climatic Change 77, 2006, 151-177.

210."Irving Fisher, Victor Fuchs, and the Health-Government Tangle," American Journal of Economics and Sociology 64(1), 2005, 435-443.

211."Eliciting Informative Feedback: The Peer-Prediction Method," with Nolan Miller and Paul Resnick, Management Science 51(9), 2005, 1359-1373.

212."The Value of Reputation on eBay: A Controlled Experiment," with Paul Resnick, John Swanson, and Kate Lockwood, Experimental Economics 9(2), 2006, 79-101.

213."Aggregation of Heterogeneous Time Preferences," with Christian Gollier, Journal of Political Economy 113(4), 2005, 878-896.

214."Pushing Incomes to Reference Points: Why Do Male Doctors Earn More?," with John A. Rizzo, Journal of Economic Behavior and Organization 63(3), 2007, 514-536.

215."Screening Budgets," with Alexander Wagner and Nolan H. Miller, Journal of Economic Behavior and Organization 61(3), 2006, 351-374.

216."Possibly-Final Offers," with Nolan H. Miller and Nikita E. Piankov, Journal of Economics and Management Strategy 15(3), 2006, 789-819. "Supplementary Material." The definitive version is available at www.blackwell-synergy.com.

217."JARring Actions That Fuel the Floods," with Carolyn Kousky, in On Risk and Disaster: Lessons from Hurricane Katrina, Ronald J. Daniels, Donald F. Kettl, and Howard Kunreuther (eds.), Phildelphia: University of Pennsylvania Press, 2006, 59-73.

218."Provider Choice of Quality and Surplus," with Nolan Miller and Karen Eggleston, International Journal of Health Care Finance and Economics 6(2), 2006, 103-117.

219."Probabilities and Preferences: What Economics Can Teach Doctors and Patients Making Difficult Treatment Decisions," with Benjamin D. Sommers, Urologic Oncology 26(6), 2008, 669-673.

220."Managing the Quality of a Resource with Stock and Flow Controls," with Nathaniel O. Keohane and Benjamin Van Roy, Journal of Public Economics 91(3-4), 2007, 541-569.

221."Antibiotic Resistance as a Global Threat: Evidence from China, Kuwait, and the United States," with Ruifang Zhang, Karen Eggleston, and Vincent Rotimi, Globalization and Health 2(6), 2006, .

222."Thomas Schelling, Ricochet Thinker," in The Strategist: The Life and Times of Thomas Schelling, Robert Dodge (ed.), New Hampshire: Hollis Publishing, 2006, vii-xii.

223."Mechanism Design with Multidimensional, Continuous Types, and Interdependent Valuations ," with Nolan H. Miller, John W. Pratt, and Scott Johnson, Journal of Economic Theory 136(1), 2007, 476-496.

224."Investing in the Unknown and Unknowable ," Capitalism and Society 1(2), 2006, Berkeley Electronic Press, http://www.bepress.com/cas/vol1/iss2/art5.

225."National Survey Evidence on Disasters and Relief: Risk Beliefs, Self-Interest, and Compassion ,"with W. Kip Viscusi, Journal of Risk and Uncertainty 33, 2006, 13-36.

226."Sharing the Watch: Public-Private Collaboration for Infrastructure Security" with John D. Donahue, in Seeds of Disaster, Roots of Response: How Private Action Can Reduce Public Vulnerability, Philip E. Auerswald, Lewis M. Branscomb, Todd M. La Porte, and Erwann O. Michel-Kerjan (eds.), New York: Cambridge University Press, 2006, 429-456.

227."Options Contracts for Contingent Takings,"with Carolyn Kousky and Sam Walsh, Issues in Legal Scholarship, Catastrophic Risks: Prevention, Compensation, and Recovery, Berkeley Electronic Press, 2007, Article 2, http://www.bepress.com/ils/iss10/art2. Reprinted in abbreviated form as "Options Contracts for Contingent Takings: A Tool for Improving Disaster Management," in Weekly Policy Commentary, Resources for the Future, September 29, 2008.

228."Private Investment and Government Protection," with Carolyn Kousky and Erzo F.P. Luttmer, Journal of Risk and Uncertainty 33(1/2), 2006, 73-100.

229."Permits to Elicit Information,"with Erzo F.P. Luttmer and Carolyn Kousky, Proceedings of the National Tax Association, 99th Annual Conference, 2007, 163-170.

230."Obstacles to Clear Thinking about Natural Disasters: Five Lessons for Policy,"with Alan Berger and Carolyn Kousky, in Risking House and Home: Disasters, Cities, Public Policy, John M. Quigley and Larry A. Rosenthal (eds.), Berkeley: Berkeley Public Policy Press, 2008, 73-94.

231."Regulation by Generalization,"with Frederick Schauer, Regulation and Governance 1(1), 2007, 68-87.

232."Paltering,"with Frederick Schauer, in Deception: From Ancient Empires to Internet Dating, Brooke Harrington (ed.), Stanford: Stanford University Press, 2009, 38-54.

233."Conspicuous Conservativism in Risk Choice," with Boaz Moselle and Francois Degeorge, Journal of Risk and Uncertainty 35(1), 2007, 1-16.

234."Decision Analysis Using Individual Patient Preferences to Determine Optimal Treatment for Localized Prostate Cancer," with Benjamin D. Sommers, Clair J. Beard, Anthony V. D'Amico, Douglas Dahl, Irving Kaplan, and Jerome P. Richie, Cancer 110(10), 2007, 2210-2217.

235."Custom-Made Versus Ready-to-Wear Treatments: Behavioral Propensities in Physicians' Choices," with Richard G. Frank, Journal of Health Economics 26(6), 2007, 1101-1127.

236."Betrayal Aversion: Evidence from Brazil, China, Oman, Switzerland, Turkey, and the United States," with Iris Bohnet, Fiona Greig, and Benedikt Herrmann, American Economic Review 98(1), 2008, 294-310.

237."Resource Allocation When Projects Have Ranges of Increasing Returns," with Catherine Bobtcheff and Christian Gollier, Journal of Risk and Uncertainty 37(1), 2008, 1-33.

238."Predictors of Patient Preferences and Treatment Choices for Localized Prostate Cancer," with Benjamin D. Sommers, Clair J. Beard, Anthony V. D'Amico, Irving Kaplan, and Jerome P. Richie, Cancer 113(8), 2008, 2058-2067.

239."The Australian Pharmaceutical Subsidy Gambit: Transmuting Deadweight Loss and Oligopoly Rents to Consumer Surplus," with Mark Johnston, in Prescribing Cultures and Pharmaceutical Policy in the Asia-Pacific, Karen Eggleston (ed.), Washington D.C.: Brookings Institution Press, 2009, 145-159.

240."Discounting Dilemmas: Editors' Introduction," with W. Kip Viscusi, Journal of Risk and Uncertainty 37(2), 2008, 95-106.

241."Policymaking for Posterity," with Lawrence Summers, Journal of Risk and Uncertainty 37(2), 2008, 115-140.

242."Perfect and Total Altruism Across the Generations," with Stephen Fels, Journal of Risk and Uncertainty, 37(2), 2008, 187-197.

243."Simple Humans, Complex Insurance, Subtle Subsidies," with Jeffrey Liebman, in Using Taxes to Reform Health Insurance: Pitfalls and Promises, Henry J. Aaron and Leonard E. Burman (eds.), Washington D.C.: Brookings Institution Press, 2008, 230-252.

244."Generic Script Share and the Price of Brand-Name Drugs: The Role of Consumer Choice," with John A. Rizzo, International Journal of Health Care Finance and Economics, 9(3), 2009, 291-316.

245."Overreaction to Fearsome Risks," with Cass R. Sunstein, Environmental and Resource Economics, 48(3), 2011, 435-449.

246."Dreadful Possibilities, Neglected Probabilities," with Cass R. Sunstein, in The Irrational Economist, Erwann Michel-Kerjan and Paul Slovic (eds.), New York: Public Affairs Press, 2010, 116-123.

247."Virgin Versus Experienced Risks: Why Do We Adopt A Different Attitude?," with Carolyn Kousky and John Pratt, in The Irrational Economist: Making Decisions in a Dangerous World, Erwann Michel-Kerjan and Paul Slovic (eds.), New York: Public Affairs Press, 2010, 99-106.

248."Denying the Temptation to GRAB," with Nils Wernerfelt, in The Natural Resources Trap: Private Investment without Public Commitment, William Hogan and Federico Sturzenegger (eds.), Cambridge, MA: MIT Press, 2010, 197-226.

249."Investing in the Unknown and Unknowable," in The Known, the Unknown, and the Unknowable in Financial Risk Management: Measurement and Theory Advancing Practice, Francis X. Diebold, Neil A. Doherty, Richard J. Herring (eds.), Princeton, NJ: Princeton University Press, 2010, 304-346. (Substantial revision of article number 224 with the same title.)

250."The Five Neglects: Risks Gone Amiss," with Alan Berger, Case Brown, and Carolyn Kousky, in Learning from Catastrophes: Strategies for Reaction and Response, Howard Kunreuther and Michael Useem (eds.), Upper Saddle River, NJ: Wharton School Publishing, 2010, 83-99.

251."Trust and the Reference Points for Trustworthiness in Gulf and Western Countries ," with Iris Bohnet and Benedikt Herrmann, Quarterly Journal of Economics, 125(2), 2010, 811-828.

252."Health Insurance Exchanges: Making the Markets Work," with Richard G. Frank, New England Journal of Medicine, 361(12), 2009, 1136-1137.

253."Effective Agency, Individual Involvement and Default Choices," in The Future of Life-Cycle Saving and Investing: The Retirement Phase, Zvi Bodie, Laurence B. Siegel, and Rodney N. Sullivan (eds.), Research Foundation of CFA Institute, October 2009.

254."Causes of the Financial Crisis: Many Responsible Parties," in New Directions in Financial Services Regulation, Roger B. Porter, Robert R. Glauber, and Thomas J. Healey (eds.), MIT Press, 2011, 47-58.

255."Jobs and Kids: Female Employment and Fertility in Rural China," in with Hai Fang, Karen N. Eggleston, and John A. Rizzo, Vox, June 5, 2010 (http://www.voxeu.org/index.php?q=node/5147).

256."The Elasticity of Trust: How to Promote Trust in the Arab Middle East and the United States," with Iris Bohnet, Benedikt Herrmann, Mohamad Al-Ississ, Andrea Robbett, and Khalid Al-Yahia, in Restoring Trust in Organizations and Leaders: Enduring Challenges and Emerging Answers, Roderick M. Kramer and Todd L. Pittinsky (eds.), New York: Oxford University Press, 2012, 151-169.

257."The Challenge of Degraded Environments: How Common Biases Impair Effective Policy," with Alan Berger, Case Brown, and Carolyn Kousky, Risk Analysis: An International Journal, 31(9), 2011, 1423-1433.

258."The Global Challenge of Antimicrobial Resistance: Insights from Economic Analysis," with Karen Eggleston and Ruifang Zhang, International Journal of Environmental Research and Public Health, 7, 2010, 3141-3149.

259."Selection Stories: Understanding Movement Across Health Plans," with David Cutler and Bryan Lincoln, Journal of Health Economics, 29(6), 2010, 821-838.

260."The Methodology of Normative Policy Analysis," with Christopher Robert, Journal of Policy Analysis and Management, 30(3), 2011, 613-643.

261."The Online Laboratory: Conducting Experiments in a Real Labor Market," with John J. Horton and David G. Rand, Experimental Economics, 14(3), 2011, 399-425.

262."The Trouble with Cases," with Frederick Schauer, in Regulation versus Litigation: Perspectives from Economics and Law, Daniel P. Kessler, (ed.), National Bureau of Economic Research, 2011, 45-70.

263."Climate Policy: Hard Problem, Soft Thinking," with Gernot Wagner, Climatic Change, 110(3-4), 2012, 507-521. Online First, May 10, 2011.

264."Dopamine and Risk Choices in Different Domains: Findings Among Serious Tournament Bridge Players," with Anna Dreber, David G. Rand, Nils Wernerfelt, Justin R. Garcia, Miguel G. Vilar, and J. Koji Lum Journal of Risk and Uncertainty, 43(1), 2011, 19-38. (Appendix: Bridge Quiz and Answers)

265."Demanding Customers: Consumerist Patients and Quality of Care," with Hai Fang, Nolan H. Miller, and John Rizzo, BE Journal of Economic Analysis and Policy, 11(1), 2011, Article 59.

266."Deterring and Compensating Oil-Spill Catastrophes: The Need for Strict and Two-Tier Liability," with W. Kip Viscusi, Vanderbilt Law Review, 64(6), 2011, 1717-1765.

267."The Disgust-Promotes-Disposal Effect," with Seunghee Han and Jennifer S. Lerner, Journal of Risk and Uncertainty, 44, 2012, 101-113, DOI 10.1007/s11166-012-9139-3.

268."Addressing Catastrophic Risks: Disparate Anatomies Require Tailored Therapies," with W. Kip Viscusi, in Regulatory Breakdown? The Crisis of Confidence in U.S. Regulation, Cary Coglianese (ed.), University of Pennsylvania Press, 2012, 21-48.

269."The Tummler's Task: A Collaborative Conception of Port Protection," with John D. Donahue, in Ports in a Storm: Public Management in a Turbulent World, John D. Donahue and Mark H. Moore (eds.), Brookings Institution Press, 2012, 116-132.

270."Rank as An Inherent Incentive: Evidence from a Field Experiment," with Anh Tran, Journal of Public Economics, 96, 2012, 645-650.

271."Assessing Uncertainty in Intelligence," with Jeffrey A. Friedman, Intelligence and National Security, 27(6), 2012, 824-847.

272."Shunning Uncertainty: The Neglect of Learning Opportunities," with Stefan T. Trautmann, Games and Economic Behavior, 79, 2013, 44-55.

273."Solomonic Separation: Risk Decisions as Productivity Indicators," with Nolan Miller and Alexander F. Wagner, Journal of Risk and Uncertainty, 46, 2013, 265-297. (Online Appendix)

274."Social Class and (Un)ethical Behavior: A Framework, with Evidence from a Large Population Sample," with Stefan T. Trautmann and Gijs van de Kuilen, Perspectives on Psychological Science, 8, 2013, 487-497.

275."The Investment Returns of Nonprofit Organizations: Part I, Tales from 990 Forms," with Garth Heutel, Nonprofit Management and Leadership, 25(1), 2014, 41-57.

276."The Investment Returns of Nonprofit Organizations: Part II, The Value of Focused Attention," with Garth Heutel, Nonprofit Management and Leadership, 25(1), 2014, 59-75.

277."Where Americans Live: A Geographic and Environmental Tally," with Alan M. Berger, Casey L. Brown, Carolyn Kousky, and Ken Laberteaux, Harvard Journal of Real Estate, Navigating Investments with Ethical Risk, May 18, 2013, 38-48.

278."Handling and Mishandling Estimative Probability: Likelihood, Confidence, and the Search for Bin Laden," with Jeffrey A. Friedman, Intelligence and National Security, 2014, http://dx.doi.org/10.1080/02684527.2014.885202.

279."New Frontiers Beyond Risk and Uncertainty: Ignorance, Group Decision, and Unanticipated Themes," Preface 2 in

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