The Irrational Economist
Making Decisions in a Dangerous World
Dr. Erwann Michel-Kerjan (EMK) is the speaker you call to better understand why we see more catastrophes these days, and what you can do to avoid or overcome them—as well as how to lead, make crucial decisions under stress, and build resilience. While many still look to risk-management, he approaches these events from a value creation perspective: to not just weather uncertain and frightening scenarios, but thrive in today's more volatile world.
EMK is the foremost authority on addressing the risks, financial impacts, and business and public policy challenges associated with truly paradigm-shifting events. Think major floods, hurricanes, earthquakes, tsunamis, global climate change, and environmental disasters. Catastrophes come in other forms too, like terrorist attacks, pandemics, and financial upheavals. Such disruptive events have been increasing in frequency and severity, and EMK is the ideal guide to plotting the right course through the extraordinary. He also speaks on broader issues related to improving your decision making under stress and uncertainty; risk management strategy; improving your organization’s resilience; and leadership lessons in times of crisis.
EMK is the Executive Director, Risk Management and Decision Processes Center and Adj. Associate Professor, Operations and Information Management Department at the Wharton School of Business. Recently named a Young Global Leader by the World Economic Forum (Davos)—an award honoring the world’s best and brightest leaders under 40—EMK collaborates with number of businesses, top policymakers, and organizations around the world on how to better protect against black swan events and develop innovative solutions that create both quick wins and long-term value. He also serves as Chairman of the OECD Secretary-General Advisory Board on Financial Management of Catastrophes which advices the 34 Finance Ministers of members' countries on these issues.
He has studied at Polytechnique (France), McGill (Canada) and Harvard (USA). Recipient of the prestigious Kulp-Wright award for the most influential book in risk management, winner of the Lloyd’s Science of Risk prize in the Climate Change category, and a regular contributor to leading media, he has given over 100 public speeches.
Not very long ago, extreme events were considered to be low probability events because they simply did not occur often. In a sense, that was reassuring for many top decision-makers who might not have to face them during their term of office. But in just the first few years of the 21st century, the world has faced a string of catastrophes of a totally new dimension on almost every front: large-scale natural disasters, global climate change, international terrorism, energy crises, technological accidents, major corporate failures, and, of course, an historical financial crisis with ripple effects worldwide. In fact, there has not been a six-month period in the past few years without a major crisis that simultaneously affected several countries or industry sectors. Those have seriously challenged the old risk management paradigm. In this groundbreaking talk, risk management speaker Erwann Michel-Kerjan introduces the key pillars of our new architecture using concrete examples. And, he demonstrate how you can change your organization so it is not only better prepared, but can take advantage of a more chaotic world.
Large-scale financial risks are reshaping the future of our increasingly interdependent world and this new era calls for a new model. In this talk, world-renowned catastrophic risk management speaker Erwann Michel-Kerjan helps organizations find their way through an array of black swan nightmares. What separates Michel-Kerjan from the pack is his knowledge on value creation—how public and private organizations can design blueprints that allow them to flourish and actually increase value in tough times rather than remain static as innovators pass them.