Michael R.Powers
苏黎世保险集团讲席教授
金融系教授
CV下载

电话(86) (10) **
电邮 powers@sem.tsinghua.edu.cn
办公室 伟伦楼 386 C
办公室开放时间 周三13:30-16:00 （伟伦楼 386 C） 周四13:30-16:00 （苏世民书院103c）
个人简介
研究成果
研究项目
媒体报道

Michael R. Powers是清华大学经济管理学院苏黎世保险集团讲席教授，从事风险和保险数学的教学。他同时还是《风险金融》、《亚太风险与保险》杂志的主编，是中国“”的成员。在他的新书《上帝与人类的行为：对风险保险的反思》（哥伦比亚大学出版社2011年出版）中，他阐述了自己关于“风险科学”的想法。
Powers教授研究领域广泛，包括政府监管和公共政策、博弈中的风险与保险、企业风险管理中的数学模型、风险转移的税收待遇等。他有两本学术著作：《The Economics and Politics of Choice No-Fault Insurance》和《Global Risk Management: Financial, Operational, and Insurance Strategies》，同时他也是科幻小说《Icons》的作者。他发表过75篇以上的论文和专著章节，并且获得过《风险与保险》期刊、风险与保险管理协会、国际保险社会协会所颁发的杰出研究奖。
Powers教授在加入清华大学之前供职于天普大学商学院，从事风险管理以及保险学的教学研究。再之前，他作为宾夕法尼亚州联邦代理保险业监理专员，负责宾夕法尼亚州的设计。在过去的三十年中，他的客户不计其数，他所任职的咨询委员会不可胜数，其中包括宾夕法尼亚州医疗保健成本控制委员会以及费城市长的车险专责小组。
Powers教授在耶鲁大学以最优等的成绩获得了应用数学的理学学士学位，之后他在哈佛大学获得了统计学博士学位。


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.