Books

On this page you will find praise for Dr. Michel-Kerjan’s recent books; click on the book cover to access the dedicated website and buy the book you would like to receive at a discount rate.

The Irrational Economist (Public Affairs, 2010)


The Irrational Economist challenges conventional wisdoms, overturns traditional economic models and brings to light new disciveries in decision sciences. The result is a profound revolution in thinking – Joseph Stiglitz, Nobel Prize-winning economist in 2001; former chairman of the White House Council of Economic Advisers under President Clinton

In The Irrational Economist some of the world’s foremost economists and decision scientists analyze how we make decisions under pressure – and offer thought-provoking ideas about how to improve the process. The result is important and remarkably timely. – Richard M. Smith, chairman, Newsweek

Dealing with extra-ordinary situations that cannot be quantified on the basis of past experience is one of the key problems facing investors, business executives, and government officials. There is something here for any reader. – Martin Feldstein , professor of economics, Harvard University; former chairman of the White House Council of Economic Advisers under President Reagan

A terrific book that will change the way you make decisions. – Matthew Bishop, U.S. business editor, The Economist

Think of this book as a jam session in which the most virtuosic thinkers from economics and a few other social sciences try to answer that essential question. A great performance. – Justin Fox, editor-at-large, TIME magazine

At War With The Weather (MIT Press, paperback 2011)


Winner of the prestigious Kulp-Wright award in 2011 for the most influential book in risk management.


At War with the Weather will surely become a sine qua non of every researcher, corporate analyst, and state or federal policymaker, and will be extensively cited. A spectacular work. – Mark Machina, University of California, San Diego

This is a book you are going to want to read. – Joseph B. Treaster, former New York Times reporter

At War with the Weather offers more than just a detailed plan for managing weather risks. It outlines a long-overdue comprehensive, disciplined theory of risk management that applies to all manner of catastrophes. – Michael Chertoff, former U.S. Secretary of Homeland Security

In At War with the Weather Professors Howard Kunreuther and Erwann Michel-Kerjan and their colleagues present leading thinking in a data-driven analysis of the problem society faces in managing the risk of natural disasters. This book is essential reading for anyone searching for solutions to the problem of financing large-scale catastrophes. – Terri M. Vaughan, CEO, US National Association of Insurance Commissioners

Seeds of Disaster, Roots of Response (Cambridge University Press, 2006)


I strongly urge top decision makers to read this visionary book; it provides the necessary guidance to go from words to action. – Klaus Schwab, Founder and Chairman, World Economic Forum

A must-read for anyone concerned about our nation’s security. – Lee Hamilton, Vice Chair of the 9/11 Commission

This book asks the hard questions about how government and business can define and finance respective roles and stop the Alphonse-and-Gaston routine that makes disasters even more disastrous. – Ben W. Heineman, JR., Harvard’s Law School and Kennedy School of Government, Former General Counsel, General Electric

America must work hard to improve its responses to natural disasters and terror attacks. This book demonstrates that effective coordination with the operators of privately owned critical infrastructure is a vital part of that work, and offers guidance for progress. – U.S. Senator Susan M. Collins of Maine, former Chairman, Committee on Homeland Security and Governmental Affairs, U.S. Senate

Tria And Beyond: Terrorism Risk Financing in the U.S.


One of the best studies on terrorism risk insurance –
The Economist

Traité Des Nouveaux Risques (Gallimard, 2002; in French)

Avec la profondeur de sa réflexion sur les tenants et les aboutissants de l’activité humaine et la masse des connaissances mobilisées au service d’une approche nuancée et équilibrée, cet ouvrage a toutes les chances de devenir un classique » – Alternatives economiques

His contributions to other books and reports for a large audience

economics of natural and unnatural disasters Global Risks 2011 Public Insurance Private Markets risk regulations effective prevention Terrorism Insurance Catastrophe Modeling Terrorism Risks Consequences of Terrorism Hurricane Katrina Learning From Catastrophes Large Scale Catastrophes The Economic Impacts Of terrorist Attacks Global Business And The Terrorist Threat Annual Review Of Resource Economics 2008 2009 2010