Agenda June 2012

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

Webinar: NRC Study on Research Universities
International Research Collaborations (“I-Group”)
University-Industry Demonstration Partnership (UIDP)
Federal Demonstration Partnership (FDP)

2:45-3:00 PM Proposal of New Topics and Projects for GUIRR + Other Member Announcements ·

3:00 PM Adjourn