Richard Zeckhauser
American economist and the Frank P (born 1940) / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Richard Zeckhauser?
Summarize this article for a 10 year old
Richard Jay Zeckhauser (born 1940) is an American economist and the Frank P. Ramsey Professor of Political Economy at Harvard Kennedy School at Harvard University.[2]
Richard J. Zeckhauser | |
---|---|
Born | 1940 |
Nationality | American |
Spouse | Sally H. Zeckhauser[1] |
Academic career | |
Institution | Harvard University |
Field | Decision theory, game theory, behavioral economics |
School or tradition | Decision theory, behavioral economics |
Alma mater | Harvard University |
Doctoral students | Nat Keohane, Gernot Wagner |
Influences | Thomas Schelling |
Information at IDEAS / RePEc | |
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 Harvard Kennedy School and at Harvard.[4] He is also a consultant with Analysis Group.[5] In 1994, he was elected to the Common Cause National Governing Board.