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Decision Making Under Risk and Uncertainty

  AGENDA

Government-University-Industry Research Roundtable Meeting
 
June 19 – 20, 2012
National Academy of Sciences Building 
2101 Constitution Avenue NW
Washington, DC 20418

Decision making in the presence of risk and uncertainties is always challenging. Decision makers would like to evaluate the risks prior to their decisions to understand the ranges of possible outcomes and the significances of unintended consequences. At this meeting, GUIRR members will discuss decision making by leaders in government, academia and industry under varying levels of risk and uncertainty.

Tuesday, June 19, 2012

 
 Location:           National Academy of Sciences Building
                                                                  
5:30-6:30 PM       Cocktails
 
6:30-8:00 PM       Dinner
 
      Moderator:  Dr. C. D. (Dan) Mote, Jr, Former President and Glenn L. Martin Institute Professor of
      Engineering, University of Maryland at College Park; GUIRR Co-Chair
                           
                                    Decision Making Under Risk and Uncertainty: A Federal Science Agency Perspective                               
                           Dr. Subra Suresh, Director, National Science Foundation
                            
Wednesday, June 20, 2012

Location:            National Academy of Sciences Building

7:30-8:00 AM       Continental Breakfast
 
8:00-8:15 AM       Welcome Remarks
                           Dr. C. D. (Dan) Mote, Jr, Former President and Glenn L. Martin Institute Professor of Engineering,
                           University of Maryland at College Park; GUIRR Co-Chair          
                
                       
8:15-8:45 AM       Understanding Risk and Uncertainty: Making Decisions for Comples Challenges 
                          Dr. Baruch Fischhoff, Howard Heinz University Professor in the departments of Social and Decision
                          Sciences and Engineering and Public Policy, Carnegie Mellon University     
               
8:45-10:05 AM     Managing Catastrophes

                                   Disaster Decision Making: Smart People, Smart Institutions? 
                                  
Dr. Kathleen Tierney, Professor of Sociology and Director of the Natural Hazards Research 
                          and Applications
Information Center, University of Colorado at Boulder

                         
Managing Risk from Catastrophic Terrorism and Disasters (presentation not available - paper forthcoming)
                          Dr. Henry Willis, Associat Director of the RAND Homeland Security and Defense Center and Professor at 
                          the Pardee
RAND Graduate School, RAND Corporation

                          
Department of Defense Approach to Foreign Disaster Relief and Preparedness

                          Col. Douglas Stropes, Deputy Director for Humanitarian Assistance, Disaster Relief and Global Health,
                          U.S. Air Force
  
10:05-10:25 AM    Break
                          
10:25-10:55 AM    
Valuing Risks to Life: Ethical Issues and Policy Challenges                    
                           Dr. W. Kip Viscusi, University Distinguished Professor of Law, Economics, and Management and
                           Co-Director, Ph.D. Program in Law and Economics, Vanderbilt University

10:55 AM-            Insurance's Role in Addressing Risk and Uncertainty  
12:15 PM             
                           
Public Policy and the Denial of Risk
                           Mr. Edward Pasterick, Senior Policy Advisor, Mitigation Division/Risk Insurance, Federal Emergency
                           Management Agency

                           Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry 
                           Dr. Mark Pauly, Bendheim Professor, Professor of Health Care management, Professor of Business and
                           Public Policy, University of Pennsylvania
 
                           Enterprise Risk Management in a Highly Uncertain World
     
                      Mr. Gideon Pell, Senior Vice President and Chief Risk Officer, New York Life Insurance Company
          
12:15-1:30 PM     Lunch
 
                           Introduction: Dr. Uma Chowdhry, Chief Science and Technology Officer Emeritus, DuPont; GUIRR Co-Chair
 
                                    Regulation in an Uncertain World                          
                           Mr. Cass Sunstein, Office of Information and Regulatory Affairs Administrator, Office of Management and
                           Budget
 
1:30-2:25 PM        Risk Considerations for Industry

                           Growth Requires Risk Taking: Do We Thrive, Survive, or Fail?
                           Dr. Brenda Boultwood, Former Chief Risk Officer, Constellation Energy (now Exelon Corporation)

                           Product Development Through the Balance of Innovation and Risk (presentation not available) 
                           Mr. Mark Deadwyler, Vice President Technology Finance and Alliances, Monsanto
 
2:25-2:45 PM        Updates and Discussion on Current GUIRR Projects

                                     Moderator:  Dr. Uma Chowdhry, Chief Science and Technology Officer Emeritus, DuPont; GUIRR Co-Chair
 
                        
2:45-3:00 PM        Proposal of New Topics and Projects for GUIRR + Other Member Announcements     ·        

3:00 PM                      Adjourn