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Michael R. Powers(包邁高)

金融系    蘇黎世保險集團講席教授

金融系 教授

電話:(86)(10)62795565

辦公室:李華樓B306

郵箱:powers@sem.tsinghua.edu.cn

開放時間:周二:16:30-18:00(偉倫樓386 C) 周三:13:30-15:00 (偉倫樓386 C)

教育經曆

1987 美國哈佛大學統計學博士

1982 美國耶魯大學統計學碩士,應用數學學士(本碩連讀四年學制)


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工作經曆

Powers教授曾就職于天普大學福克斯商學院,擔任風險管理與保險學教授。在此之前,他是賓夕法尼洲的保險副委員,負責設計了賓夕法尼當前的選擇型無過失汽車保險制度。

從2014年起擔任BETVLCTOR伟德官方网站金融系教授,蘇黎世保險集團經濟與管理學院講座教授,施瓦茨曼學院教授。


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講授課程


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研究領域

金融監管和公共政策風險與保險中的博弈論企業風險管理中的數學模型風險轉移的稅務處理文化态度與風險融資


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學術成果

Books and Monographs

Acts of God and Man: Ruminations on Risk and Insurance, 2012, New York: Columbia University Press.

Icons (science-fiction/fantasy novel), 2003, San Francisco: Dry Bones Press.

Global Risk Management: Financial, Operational, and Insurance Strategies, 2002 (with J. Jay Choi, eds.), Amsterdam: JAI Press/Elsevier.

The Economics and Politics of Choice No-Fault Insurance, 2001 (with Edward L. Lascher, Jr., eds.), Boston: Kluwer Academic Publishers.

Selected Journal Articles


“Insurance Risk, Risk Measures, and Capital Allocation: Navigating a Copernican Shift,” 2013 (with George Zanjani), Annual Review of Financial Economics, 5, 201-223.

“Fourier-Analytic Measures for Heavy-Tailed Insurance Losses,” 2013 (with Thomas Y. Powers), Scandinavian Actuarial Journal, forthcoming.

“The Relationship between Regulatory Pressure and Insurer Risk Taking,” 2013 (with Wen-chang Lin and Yi-hsun Lai), Journal of Risk and Insurance, forthcoming.

“Risk Finance for Catastrophe Losses with Pareto-Calibrated Lévy-Stable Severities,” 2012 (with Thomas Y. Powers and Siwei Gao), Risk Analysis, 32, 11, 1967-1977.

“The Valuation of Contingent Capital with Catastrophe Risks,” 2009 (with Shih-Kuei Lin and Chia-Chien Chang), Insurance: Mathematics and Economics, 45, 1, 65-73.

“Life Insurance Efficiency in China: A Comparison of Foreign and Domestic Firms,” 2009 (with Bingzheng Chen and Joseph Qiu), China and World Economy, 17, 6, 43-63.

“Colonel Blotto in the War on Terror: Implications for Event Frequency,” 2009 (with Zhan Shen), Journal of Homeland Security and Emergency Management, 6, 1, 18, 1-16.

“Adverse Selection or Advantageous Selection? Risk and Underwriting in China’s Health Insurance Market,” 2009 (with Feng Gao and Jun Wang), Insurance: Mathematics and Economics, 44, 3, 505-510.

“Social Stability and Catastrophe Risk: Lessons from the Stag Hunt,” 2008 (with Zhan Shen), Journal of Theoretical Politics, 20, 4, 477-497.

“Using Aumann-Shapley Values to Allocate Insurance Risk: The Case of Inhomogeneous Losses,” 2007, North American Actuarial Journal, 11, 3, 113-127.

“Market Bubbles and Wasteful Avoidance: Tax and Regulatory Constraints on Short Sales,” 2004 (with David M. Schizer and Martin Shubik), Tax Law Review, 57, 2, 233-274.

“September 11 Victims, Random Events, and the Ethics of Compensation,” 2004 (with Edward L. Lascher, Jr.), American Behavioral Scientist, 48, 3, 281-294.

“Of Happy and Hapless Regulators: The Asymptotics of Ruin,” 2003 (with Emilio C. Venezian and Iana B. Jucá), Insurance: Mathematics and Economics, 32, 2, 317-330.

“Toward a Theory of Reinsurance and Retrocession,” 2001 (with Martin Shubik), Insurance: Mathematics and Economics, 29, 2, 271-290.

“Risk Transformations, Deductibles, and Policy Limits,” 2001 (with Larry Y. Tzeng), Journal of Risk and Insurance, 68, 3, 465-473.

“Insurance Market Games: Scale Effects and Public Policy,” 1998 (with Martin Shubik and Shun Tian Yao), Zeitschrift für Nationalökonomie (Journal of Economics), 67, 2, 109-134.

“Insurance Premium Taxes: A Lump-Sum Proposal,” 1998 (with Larry Y. Tzeng), Public Finance Review, 26, 1, 53-66.

“On the Tradeoff between the Law of Large Numbers and Oligopoly in Insurance,” 1998 (with Martin Shubik), Insurance: Mathematics and Economics, 23, 2, 141-156.

“Captive Insurance Tax Policy: Resolving a Global Problem,” 1995 (with M. Moshe Porat), Geneva Papers on Risk and Insurance: Issues and Practice, 20, 75, 197-229.

“A Theory of Risk, Return, and Solvency,” 1995, Insurance: Mathematics and Economics, 17, 2, 101-118.

“The Value of Information in Insurance Pricing: Comment,” 1994, Journal of Risk and Insurance, 61, 3, 519-524.

“Equity in Automobile Insurance: Optional No-Fault,” 1992, Journal of Risk and Insurance, 59, 2, 203-220.


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業界經曆



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所獲榮譽

2013年,Powers教授憑借新書《上帝與人類的行為:對風險與保險的反思》(Acts of God and Man: Ruminations on Risk and Insurance)榮獲“庫爾普賴特圖書獎”(The Kulp-Wright Book Award)。他還是三部學術專著的合著者——《中國金融的政治經濟》(The Political Economy of Chinese Finance);《全球風險管理:金融、運營、和保險策略》(Global Risk Management: Financial, Operational, and Insurance Strategies);和《選擇型無過失保險的經濟學與政治學原理》(The Economics and Politics of Choice No-Fault Insurance)。 同時,他也是科幻小說《圖标》(Icons)的作者。


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