Smeal to Host Risk Management Symposium
UNIVERSITY PARK, Pa. (April 23, 2012) -- The Penn State Smeal College of Business is hosting a research symposium on April 30 featuring some of the nation's leading risk management scholars.
The symposium will focus on research on risk management and catastrophic events, which are events of low probability but of substantial economic impact (e.g., natural disasters). The ability to create contracts, price assets, and develop a rational legal and regulatory framework in a world with fat-tail events creates unique challenges for researchers, policymakers, and private enterprise.
The symposium, hosted by Smeal's Department of Risk Management, will bring together researchers from various disciplines to examine issues related to managing the risk associated with such catastrophic events. The symposium will be organized around three themes:
• financial markets and contracting in a world with catastrophic events
• legal and regulatory policy responses to catastrophic events
• decision making and catastrophic events
The speakers are Dwight M. Jaffee, Booth Professor of Banking, Finance, and Real Estate at the University of California at Berkeley; Paul Markowski, associate professor of meteorology at Penn State; Robert Meyer, co-director of Wharton's Risk Management and Decision Processes Center at the University of Pennsylvania; Lisa Grow Sun, associate professor of law at Brigham Young University; Geoffrey K. Turnbull, Jim Heistand-Naiop Eminent Scholar Chair at the University of Central Florida; and George Zanjani, associate professor of risk management and insurance at Georgia State University.
The symposium starts at 8 a.m. on April 30 in Smeal's Business Building on Penn State's University Park campus. A dinner reception at 6:30 p.m on April 29 at the Nittany Lion Inn will feature a talk by Harry Silver, managing director at Goldman Sachs.
For complete symposium details and registration information, visit lema.smeal.psu.edu/risk online.