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Michael R. Powers

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Powers has published numerous scholarly articles on a variety of risk-related topics, with particular focus on issues of government regulation and public policy. His major research contributions include: the introduction of intertemporal discounting into collective risk theory
190:(i.e., subjective/judgmental) approach to modeling uncertainty; a formal distinction between the "aloof" risks of insurance and the "non-aloof" risks of other financial markets; and a personalized 119: 602: 537: 673: 210:(a sub-cabinet-level post in the state government) in 1987, and subsequently was responsible for designing Pennsylvania’s current “choice” 419:, 29, 2, 271-290; and Powers, M. R., 2007, "Using Aumann-Shapley Values to Allocate Insurance Risk: The Case of Inhomogeneous Losses," 394:
Powers, M. R., 2015, "Paradox-Proof Utility Functions for Heavy-Tailed Payoffs: Two Instructive Two-Envelope Problems,"
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See, e.g., Powers, M. R., Shubik, M., and Yao, S. T., 1998, "Insurance Market Games: Scale Effects and Public Policy,"
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https://www.facebook.com/chinaplusnews/videos/five-takeaways-from-premier-lis-press-conference/585347141984469/
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https://www.springer.com/business+%26+management/book/978-0-7923-7467-1?cm_cmm=sgw-_-ps-_-book-_-0-7923-7467-3
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emphasizing randomized controlled studies, mathematical and game-theoretic modeling, and statistical
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companies operating in a national insurance market; and a utility-theoretic solution of the
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in 1990, and moved to Tsinghua University in 2011. In 2013, he succeeded Professor
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https://www.politico.com/story/2008/09/mccain-and-the-politics-of-mortality-013096
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and others as a cause for concern. He has published occasional commentary at the
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as chair of Tsinghua’s finance department, serving in that position until 2015.
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in China. Since 2014, he has held a dual appointment as professor at Tsinghua's
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Powers, M. R. and Shubik, M., 2006, "A 'Square-Root Rule' for Reinsurance,"
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campaign, Powers’ comments on the relative life expectancies of candidates
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Powers, M. R., 1992, "Equity in Automobile Insurance: Optional No-Fault,"
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https://www.emerald.com/insight/publication/doi/10.1016/S1569-3767(2002)3
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https://www.emerald.com/insight/publication/doi/10.1108/S1569-3767201617
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Global Risk Management: Financial, Operational, and Insurance Strategies
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Powers received his B.S. in Applied Mathematics, summa cum laude, from
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http://www.bbc.co.uk/blogs/ni/2008/09/the_theology_of_sarah_palin.html
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http://cup.columbia.edu/book/978-0-231-15366-9/acts-of-god-and-man
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http://cup.columbia.edu/book/978-0-231-15366-9/acts-of-god-and-man
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Powers, M. R., 1995, "A Theory of Risk, Return, and Solvency,"
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Powers was appointed Deputy Insurance Commissioner for the
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https://www.amazon.com/exec/obidos/tg/detail/-/1931333262
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The Economics and Politics of Choice No-Fault Insurance
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Acts of God and Man: Ruminations on Risk and Insurance
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automobile insurance system. He joined the faculty of
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Acts of God and Man: Ruminations on Risk and Insurance
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award. In 2013, he won the Kulp-Wright Book Award for
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http://genealogy.math.ndsu.nodak.edu/id.php?id=103799
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Zurich Insurance Group Chair Professor of Finance at
640: 618:Michael R. Powers' Tsinghua University webpage 590:http://www.huffingtonpost.com/michael-r-powers 303:received media attention when cited by actor 244:, 2012, Columbia University Press, New York. 134:expert, he was a 2011 recipient of China’s 16:For other people named Michael Powers, see 106:; born November 19, 1959) is an American 473:http://www.sem.tsinghua.edu.cn/en/powers 447:http://www.sem.tsinghua.edu.cn/en/powers 353:http://www.sem.tsinghua.edu.cn/en/powers 236:The Political Economy of Chinese Finance 120:School of Economics and Management (SEM) 641: 166:. A frequent collaborator of the late 674:Academic staff of Tsinghua University 417:Insurance: Mathematics and Economics 366:Insurance: Mathematics and Economics 623:Michael R. Powers' personal webpage 379:Revista de Contabilidade e Finanças 286: 142:(2012, Columbia University Press). 13: 14: 685: 611: 275:and his Ph.D. in Statistics from 421:North American Actuarial Journal 409:Zeitschrift fĂŒr Nationalökonomie 383:Review of Accounting and Finance 126:. An internationally recognized 595: 582: 569: 556: 543: 530: 517: 504: 491: 478: 465: 311:, and is a regular panelist on 293:2008 U.S. Presidential election 68:Professor, Statistician, Author 18:Michael Powers (disambiguation) 452: 439: 426: 401: 388: 371: 358: 345: 332: 110:who is the Chair Professor of 102: 1: 460:Journal of Risk and Insurance 434:http://www.scienceofrisk.com/ 326: 266: 208:Commonwealth of Pennsylvania 7: 145: 10: 690: 15: 659:Harvard University alumni 313:China Radio International 201: 93: 72: 64: 50: 32: 25: 229: 669:American statisticians 654:Yale University alumni 220:Fox School of Business 164:Two Envelopes Paradox 136:Thousand Talents Plan 86:Michael Roland Powers 27:Michael Roland Powers 413:Journal of Economics 184:Acts of God and Man 116:Tsinghua University 78:Tsinghua University 385:), 17, 5, 101-107. 277:Harvard University 124:Schwarzman College 59:Harvard University 462:, 59, 2, 203-220. 423:, 11, 3, 113-127. 368:, 17, 2, 101-118. 216:Temple University 192:scientific method 180:actuarial science 83: 82: 43:November 19, 1959 681: 630: 606: 599: 593: 586: 580: 573: 567: 560: 554: 547: 541: 534: 528: 521: 515: 508: 502: 495: 489: 482: 476: 469: 463: 456: 450: 443: 437: 430: 424: 405: 399: 392: 386: 375: 369: 362: 356: 349: 343: 336: 287:Other activities 104: 95: 46: 42: 40: 23: 22: 689: 688: 684: 683: 682: 680: 679: 678: 639: 638: 628: 614: 609: 600: 596: 587: 583: 574: 570: 561: 557: 548: 544: 535: 531: 522: 518: 509: 505: 496: 492: 483: 479: 470: 466: 457: 453: 444: 440: 431: 427: 406: 402: 393: 389: 376: 372: 363: 359: 350: 346: 337: 333: 329: 309:Huffington Post 289: 273:Yale University 269: 232: 224:David Daokui Li 204: 148: 57: 55:Yale University 44: 38: 36: 28: 21: 12: 11: 5: 687: 677: 676: 671: 666: 661: 656: 651: 637: 636: 625: 620: 613: 612:External links 610: 608: 607: 594: 581: 568: 555: 542: 529: 516: 503: 490: 477: 464: 451: 438: 425: 400: 398:, 3, 1, 26-34. 387: 370: 357: 344: 330: 328: 325: 288: 285: 268: 265: 264: 263: 257: 251: 245: 239: 231: 228: 203: 200: 172:game-theoretic 147: 144: 81: 80: 74: 73:Known for 70: 69: 66: 62: 61: 52: 48: 47: 34: 30: 29: 26: 9: 6: 4: 3: 2: 686: 675: 672: 670: 667: 665: 662: 660: 657: 655: 652: 650: 649:Living people 647: 646: 644: 635: 631: 626: 624: 621: 619: 616: 615: 604: 598: 591: 585: 578: 572: 565: 559: 552: 546: 539: 533: 526: 520: 513: 507: 500: 494: 487: 481: 474: 468: 461: 455: 448: 442: 435: 429: 422: 418: 414: 410: 404: 397: 391: 384: 380: 374: 367: 361: 354: 348: 341: 335: 331: 324: 322: 318: 314: 310: 306: 302: 298: 294: 284: 282: 281:John W. Pratt 278: 274: 261: 258: 255: 252: 249: 246: 243: 240: 237: 234: 233: 227: 225: 221: 217: 213: 209: 199: 197: 193: 189: 185: 181: 177: 173: 169: 168:Martin Shubik 165: 161: 157: 154: 143: 141: 137: 133: 129: 125: 121: 117: 113: 109: 105: 99: 91: 87: 79: 75: 71: 67: 65:Occupation(s) 63: 60: 56: 53: 49: 45:(age 64) 35: 31: 24: 19: 597: 584: 571: 558: 545: 532: 519: 506: 493: 480: 467: 459: 454: 441: 428: 420: 416: 412: 408: 403: 395: 390: 382: 378: 373: 365: 360: 347: 334: 320: 316: 301:Barack Obama 290: 270: 259: 253: 247: 241: 235: 205: 183: 174:modeling in 149: 139: 101: 85: 84: 664:1959 births 321:World Today 297:John McCain 291:During the 160:reinsurance 156:ruin theory 643:Categories 327:References 323:programs. 305:Matt Damon 196:simulation 103:Bāo MĂ igāo 39:1959-11-19 317:Biz Today 267:Education 176:insurance 153:actuarial 132:insurance 51:Education 212:no-fault 188:Bayesian 146:Research 108:academic 634:YouTube 112:Finance 90:Chinese 202:Career 100:: 98:pinyin 92:: 396:Risks 248:Icons 230:Books 182:. 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Index

Michael Powers (disambiguation)
Yale University
Harvard University
Tsinghua University
Chinese
pinyin
academic
Finance
Tsinghua University
School of Economics and Management (SEM)
Schwarzman College
risk
insurance
Thousand Talents Plan
actuarial
ruin theory
reinsurance
Two Envelopes Paradox
Martin Shubik
game-theoretic
insurance
actuarial science
Bayesian
scientific method
simulation
Commonwealth of Pennsylvania
no-fault
Temple University
Fox School of Business
David Daokui Li

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