Age, Biography and Wiki
Michael R. Powers was born on 19 November, 1959, is a Michael Roland Powers is American. Discover Michael R. Powers's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 64 years old?
| Popular As |
N/A |
| Occupation |
Professor, Statistician, Author |
| Age |
64 years old |
| Zodiac Sign |
Scorpio |
| Born |
19 November, 1959 |
| Birthday |
19 November |
| Birthplace |
N/A |
| Nationality |
|
We recommend you to check the complete list of Famous People born on 19 November.
He is a member of famous Professor with the age 64 years old group.
Michael R. Powers Height, Weight & Measurements
At 64 years old, Michael R. Powers height not available right now. We will update Michael R. Powers's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Not Available |
Michael R. Powers Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Michael R. Powers worth at the age of 64 years old? Michael R. Powers’s income source is mostly from being a successful Professor. He is from . We have estimated Michael R. Powers's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Professor |
Michael R. Powers Social Network
Timeline
Michael Roland Powers (born November 19, 1959) is an American academic who is the Chair Professor of Finance at Tsinghua University’s School of Economics and Management (SEM) in China.
Powers was appointed Deputy Insurance Commissioner for the Commonwealth of Pennsylvania (a sub-cabinet-level post in the state government) in 1987, and subsequently was responsible for designing Pennsylvania’s current “choice” no-fault automobile insurance system.
He joined the faculty of Temple University’s Fox School of Business in 1990, and moved to Tsinghua University in 2011.
During the 2008 U.S. Presidential election campaign, Powers’ comments on the relative life expectancies of candidates John McCain and Barack Obama received media attention when cited by actor Matt Damon and others as a cause for concern.
He has published occasional commentary at the Huffington Post, and is a regular panelist on China Radio International's Biz Today and World Today programs.
An internationally recognized risk and insurance expert, he was a 2011 recipient of China’s Thousand Talents Plan award.
In 2013, he won the Kulp-Wright Book Award for Acts of God and Man: Ruminations on Risk and Insurance (2012, Columbia University Press).
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 (actuarial ruin theory); the derivation of the “Powers-Shubik square-root rule” for the approximate number of reinsurance companies operating in a national insurance market; and a utility-theoretic solution of the Two Envelopes Paradox.
A frequent collaborator of the late Martin Shubik, he is responsible for promoting the application of game-theoretic modeling in insurance and actuarial science.
In Acts of God and Man, he proposed a science of risk based upon: a fundamentalist Bayesian (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 scientific method emphasizing randomized controlled studies, mathematical and game-theoretic modeling, and statistical simulation.
In 2013, he succeeded Professor David Daokui Li as chair of Tsinghua’s finance department, serving in that position until 2015.
Powers received his B.S. in Applied Mathematics, summa cum laude, from Yale University and his Ph.D. in Statistics from Harvard University.
At Harvard, he wrote his dissertation under the direction of John W. Pratt.
Since 2014, he has held a dual appointment as professor at Tsinghua's Schwarzman College.
