COVID-19 has had a disruptive economic impact in 2020, but how long its impact will persist remains unclear. We offer a prognosis based on an analysis of the effects of five previous major epidemics in this century. We find that these pandemics led to significant and persistent reductions in...

Societies were underprepared for the COVID-19 pandemic. This is also the case for climate change. Art may have a greater role to play in advancing societal resilience across these different categories of shocks and risks. In this Intervention, we deploy and evaluate art as a social practice...

This book revisits a distinction introduced in 1921 by economists Frank Knight and John Maynard Keynes: that between statistically predictable future events ('risks') and statistically unpredictable, uncertain events ('uncertainties'). Governments have generally ignored the latter, perceiving...

The COVID-19 pandemic has taught us lessons that can guide key decision makers in both the private and public sectors toward slowing climate change by reducing CO2 emissions now. Howard Kunreuther and Paul Slovic explain how decision makers can design a risk management strategy that heeds the...