Recalibrating Risk


Recalibrating Risk is a new book project kicked off in Fall 2012 featuring 16 authors from 6 different countries and several different disciplines, including law, history, psychology, sociology, public policy, political science, and economics.  Authors will explore oil spills in the US and Europe; nuclear events in Japan, the U.S. and Europe; and economic crises in the U.S and Europe.  The authors will look at overall themes across history, across geography and across types of crises.

Duke Co-investigators on this project include: Edward Balleisen, Associate Professor of History & Public Policy, Lori Bennear, Assistant Professor of Environmental Economics, Kim Krawiec, Professor of Law, Jonathan Wiener, Professor of Law, Public Policy, & Environmental Policy.

Read more about the project in the Recalibrating Risk edition of the Kenan Institute for Ethics Good Question series.

Several workshops have been held with the authors, and the publication is forthcoming in 2015. Contributors include:

  • Elke Weber, Psychology and Columbia Business School, on cognitive heuristics, risk perceptions, and the impact of crises on those perceptions
  • Thomas Birkland and Megan Warnement, Political Science, North Carolina State University, on the political dynamics of focusing events
  • Frederick Mayer, Public Policy, Duke University, on narrative framing and agenda construction
  • Lori Bennear, Environmental Economics, Duke University, on the techniques of economic analysis for estimating distant and/or low probability risks of great potential magnitude
  • Carolyn Kousky, Economics, Resources for the Future, on the techniques of modern insurance for assessing and hedging fat-tailed risks
  • Marc Eisner, Political Science, Wesleyan College, on American regulatory responses to Santa Barbara and Exxon Valdez
  • Chris Carrigan, Political Science, University of Pennsylvania, on American regulatory responses to the BP-Deepwater Horizon oil spill.
  • Ole Andres Engen, Sociology, and Preben Lindoe, Risk Management, University of Stavanger, on European regulatory responses to North Sea oil spills
  • Michael Greenberg, Public Policy, Rutgers, on American regulatory responses to nuclear accidents at Three Mile Island, Chernobyl, and Fukushima
  • Ortwin Renn, Sociology, Stuttgart University, on German and French regulatory responses to nuclear accidents at Three Mile Island, Chernobyl, and Fukushima
  • Atsuo Kishimoto, Public Policy, National Institute of Advanced Science and Technology, Tokyo, on Japanese regulatory responses to nuclear accidents at Three Mile Island, Chernobyl, and Fukushima
  • Youssef Cassis, Economic History, European University Institute, on regulatory responses to the financial crises of the Great Depression in Britain, France, and the United States
  • David Sicilia, History and Business, University of Maryland, on regulatory responses in the United States and Western Europe to peripheral financial crises of the 1980s and 1990s
  • Barry Eichengreen, Economics, University of California at Berkeley, on regulatory responses to recent European sovereign debt crises
  • Bruce Carruthers, Sociology, Northwestern University, on regulatory responses to the recent Global Financial Crisis, focusing on the problem of asset valuation