R. Powers is the Zurich Group Professor of Risk Mathematics at Tsinghua University’s
School of Economics and Management, and a 2011 recipient of China’s Qian Ren Ji Hua award. His
recent book, Acts of God and Man: Ruminations on Risk and Insurance (2012, Columbia University Press) proposes a
novel science of risk based upon:
fundamentalist Bayesian (i.e., subjective/judgmental) approach to modeling uncertainty and assessing probabilities;
- a formal distinction between the aloof risks of insurance and the
non-aloof risks of other financial markets; and
- a personalized scientific method emphasizing the importance of randomized controlled studies, mathematical
and game-theoretic modeling, and statistical simulation.
Toward a Science of Risk . . .
More information at: