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Michael R. Powers
Michael Roland Powers (; born November 19, 1959) is the Zurich Insurance Group Chair Professor of Finance at Tsinghua University’s School of Economics and Management (SEM). Since 2014, he has held a dual appointment as professor at Tsinghua's Schwarzman College. 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). Research 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 ...
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Yale University
Yale University is a Private university, private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the List of Colonial Colleges, third-oldest institution of higher education in the United States and among the most prestigious in the world. It is a member of the Ivy League. Chartered by the Connecticut Colony, the Collegiate School was established in 1701 by clergy to educate Congregationalism in the United States, Congregational ministers before moving to New Haven in 1716. Originally restricted to theology and sacred languages, the curriculum began to incorporate humanities and sciences by the time of the American Revolution. In the 19th century, the college expanded into graduate and professional instruction, awarding the first Doctor of Philosophy, PhD in the United States in 1861 and organizing as a university in 1887. Yale's faculty and student populations grew after 1890 with rapid expansion of the physical campus and sc ...
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Bayesian Probability
Bayesian probability is an interpretation of the concept of probability, in which, instead of frequency or propensity of some phenomenon, probability is interpreted as reasonable expectation representing a state of knowledge or as quantification of a personal belief. The Bayesian interpretation of probability can be seen as an extension of propositional logic that enables reasoning with hypotheses; that is, with propositions whose truth or falsity is unknown. In the Bayesian view, a probability is assigned to a hypothesis, whereas under frequentist inference, a hypothesis is typically tested without being assigned a probability. Bayesian probability belongs to the category of evidential probabilities; to evaluate the probability of a hypothesis, the Bayesian probabilist specifies a prior probability. This, in turn, is then updated to a posterior probability in the light of new, relevant data (evidence). The Bayesian interpretation provides a standard set of procedures and formu ...
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Huffington Post
''HuffPost'' (formerly ''The Huffington Post'' until 2017 and sometimes abbreviated ''HuffPo'') is an American progressive news website, with localized and international editions. The site offers news, satire, blogs, and original content, and covers politics, business, entertainment, environment, technology, popular media, lifestyle, culture, comedy, healthy living, women's interests, and local news featuring columnists. It was created to provide a progressive alternative to the conservative news websites such as the Drudge Report. The site offers content posted directly on the site as well as user-generated content via video blogging, audio, and photo. In 2012, the website became the first commercially run United States digital media enterprise to win a Pulitzer Prize. Founded by Andrew Breitbart, Arianna Huffington, Kenneth Lerer, and Jonah Peretti, the site was launched on May 9, 2005 as a counterpart to the Drudge Report. In March 2011, it was acquired by AOL for US ...
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Matt Damon
Matthew Paige Damon (; born October 8, 1970) is an American actor, film producer, and screenwriter. Ranked among '' Forbes'' most bankable stars, the films in which he has appeared have collectively earned over $3.88 billion at the North American box office, making him one of the highest-grossing actors of all time. He has received various awards and nominations, including an Academy Award and two Golden Globe Awards, in addition to nominations for three British Academy Film Awards and seven Primetime Emmy Awards. Damon began his acting career in the film '' Mystic Pizza'' (1988). He continued acting in ''Courage Under Fire'' (1996) and '' The Rainmaker'' (1997). He gained prominence in 1997 when he and Ben Affleck wrote and starred in '' Good Will Hunting'', which won them the Academy and Golden Globe awards for Best Screenplay. He established himself as a leading man by starring as Tom Ripley in '' The Talented Mr. Ripley'' (1999), Jason Bourne in the ''Bourne'' fr ...
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Barack Obama
Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first African-American president of the United States. He previously served as a U.S. senator from Illinois from 2005 to 2008 and as an Illinois state senator from 1997 to 2004, and previously worked as a civil rights lawyer before entering politics. Obama was born in Honolulu, Hawaii. After graduating from Columbia University in 1983, he worked as a Community organizing, community organizer in Chicago. In 1988, he enrolled in Harvard Law School, where he was the first black president of the ''Harvard Law Review''. After graduating, he became a civil rights attorney and an academic, teaching constitutional law at the University of Chicago Law School from 1992 to 2004. Turning to elective politics, he Illinois Senate career of Barack Obama, repre ...
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John McCain
John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician and United States Navy officer who served as a United States senator from Arizona from 1987 until his death in 2018. He previously served two terms in the United States House of Representatives and was the Republican nominee for president of the United States in the 2008 election, which he lost to Barack Obama. McCain graduated from the United States Naval Academy in 1958 and received a commission in the United States Navy. He became a naval aviator and flew ground-attack aircraft from aircraft carriers. During the Vietnam War, McCain almost died in the 1967 USS ''Forrestal'' fire. While on a bombing mission during Operation Rolling Thunder over Hanoi in October 1967, he was shot down, seriously injured, and captured by the North Vietnamese. McCain was a prisoner of war until 1973. He experienced episodes of torture and refused an out-of-sequence early release. During th ...
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2008 U
8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of the form , being an integer greater than 1. * the first number which is neither prime nor semiprime. * the base of the octal number system, which is mostly used with computers. In octal, one digit represents three bits. In modern computers, a byte is a grouping of eight bits, also called an octet. * a Fibonacci number, being plus . The next Fibonacci number is . 8 is the only positive Fibonacci number, aside from 1, that is a perfect cube. * the only nonzero perfect power that is one less than another perfect power, by Mihăilescu's Theorem. * the order of the smallest non-abelian group all of whose subgroups are normal. * the dimension of the octonions and is the highest possible dimension of a normed division algebra. * the first num ...
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John W
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died c. AD 30), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (lived c. AD 30), one of the twelve apostles of Jesus * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * ...
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David Daokui Li
Li Daokui (; born 22 December 1963) is a Chinese economist and the Mansfield Freeman Professor of Economics and director of the Center for China in the World Economy (CCWE) at Tsinghua University's School of Economics and Management (SEM), where he teaches courses on economic transition, corporate finance, international economics, and China's economy. In 2013, Li was appointed the founding dean of the Schwarzman Scholars program at Tsinghua. Li Daokui is a part of an academic trio that replaced Fan Gang to the Monetary Policy Committee of the People's Bank of China (PBOC), China's central bank. He is a former member of the Chinese People's Political Consultative Conference. Career Li has held numerous positions in academia. These include a visiting scholarship at the Center for International Development (CID) of the Harvard Kennedy School (1986), assistant professor at the University of Michigan-Ann Arbor, research fellow at the Hoover Institute of Stanford University, and ...
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Fox School Of Business
The Richard J. Fox School of Business and Management is the business school of Temple University. Located in Philadelphia, the Fox School offers several Master of Business Administration programs (full-time MBA, part-time MBA, international MBA, executive MBA and online MBA); several other master's degree programs; and several Ph.D. programs, including in accountancy, finance, marketing, international business, entrepreneurship, management of information systems, risk management and insurance, strategic management, and sports. The school has some 6,500 students, 155 full-time faculty, and over 42,000 graduates, of which about two-thirds live and work in the Philadelphia metropolitan area. It is the largest business school in the Philadelphia region and one of the largest in the world. Established in 1918, it was named in honor of Richard J. Fox in 1999. The MBA program began in 1942. The school has been accredited by the International Association for Management Education (now the ...
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Temple University
Temple University (Temple or TU) is a public university, public Commonwealth System of Higher Education, state-related research university in Philadelphia, Pennsylvania. It was founded in 1884 by the Baptists, Baptist minister Russell Conwell and his congregation Grace Baptist Church of Philadelphia then called Baptist Temple. On May 12, 1888, it was renamed the Temple College of Philadelphia. By 1907, the institution revised its institutional status and was incorporated as a research university. As of 2020, about 37,289 undergraduate, graduate and professional students were enrolled at the university. Temple is among the world's largest providers of professional education (law, medicine, podiatry, pharmacy, dentistry, engineering and architecture), preparing the largest body of professional practitioners in Pennsylvania. History Temple University was founded in 1884 by Grace Baptist Church of Philadelphia and its pastor Russell Conwell, a Yale-educated Boston lawyer, orato ...
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No-fault Insurance
In its broadest sense, no-fault insurance is any type of insurance contract under which the insured party is indemnified by their own insurance company for losses, regardless of the source of the cause of loss. In this sense, it is no different from first-party coverage. The term "no-fault" is most commonly used in the context of state or provincial automobile insurance laws in the United States, Canada, and Australia, wherein a policyholder and their passengers are reimbursed by the policyholder's own insurance company without proof of fault, and are restricted in their right to seek recovery through the civil-justice system for losses caused by other parties. No-fault insurance has the goal of lowering premium costs by avoiding expensive litigation over the causes of the collision, while providing quick payments for injuries or loss of property. Description No-fault systems generally exempt individuals from the usual liability for causing bodily injury if they do so in a c ...
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