Prof Dr Didier SORNETTE
Didier Sornette is professor of Entrepreneurial Risks in the department of Management, Technology and Economics at ETH Zurich, professor of finance at the Swiss Finance Institute, and associate member of the department of Physics and of the department of Earth Sciences at ETH Zurich. He is the author of over 500 research papers and 7 books.
Prof. Sornette's research is based on the hypothesis that most extreme risks (and gains) are ‘dragon-kings’, that is, they almost always result from maturations and drifts towards a critical instability, with measurable precursors either at the technical and/or socio-economic levels. This leads to a research agenda focusing on the prediction of crises and extreme events in complex systems and in particular of financial bubbles and crashes, and the diagnostic of systemic instabilities.
For this, Didier Sornette uses rigorous data-driven mathematical statistical analysis combined with non-linear multi-variable dynamical models including positive and negative feedbacks. Other applications are earthquake physics and geophysics, financial economics and the theory of complex systems, the dynamics of success on social networks and the complex system approach to medicine (immune system, epilepsy...).
In 2008, he launched the Financial Crisis Observatory to test the hypothesis that financial bubbles can be diagnosed in real-time and their termination can be predicted probabilistically.
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Professor of Entrepreneurial Risks, ETH Risk Centre, ETH Zurich