RiskEcon Lab NYU

RiskEcon Lab NYU

RiskEcon® Lab for Decision Metrics at NYU Courant Institute

In order to facilitate the development of software as a service, analytics tools, and semantic libraries that employ high-dimensional datasets to integrate conventional data with web-enabled demographic, biometric, psychometric and socio-metric data from innovative sources, Risk Economics has established RiskEcon® Lab for Decision Metrics at New York University’s Courant Institute of Mathematical Sciences, an independent division of NYU, widely considered to be one of the world’s leading mathematics educational and scientific research centers, and ranked first in applied mathematical research.

RiskEcon® Lab applies a range of computational methods to analyze commercial, consumer and population-related societal trends. Recent events demonstrate that many large-scale geopolitical and socioeconomic questions are particularly related to the implications and effects of interrelated changes in demographics, technology adoption, and lifestyle choices on the economy. Understanding these patterns is crucial for decision-making in both industry and government. The most critical are the emerging effects of changes in technology and consumer behavior on finance, labor, and housing, and on trends in income and wealth distribution, immigration, aging, health and the environment.

RiskEcon® Lab primarily focuses upon research and development by employing applied computational statistics in the context of robust and scalable data analytic solutions, integrating web-enabled crowdsourcing with machine learning, data-mining, and text-mining, in order to provide solutions and answer large-scale, real world questions with three fundamental objectives:

  • Foster, promote, and coordinate public-private-academic research partnerships
  • Sponsor, fund, organize and manage “big data” libraries
  • Advance NYU’s competency within applied computational statistics

RiskEcon® Lab’s primary role is to enable, facilitate and coordinate academic research in the development of commercially-viable, analytic applications employing computational statistical tools in conjunction with innovative and non-traditional data structures. In addition, other activities of RiskEcon® Lab involve the advancement of the fields of applied mathematical statitics and computational economics, via interdisciplinary post-doctoral, postgraduate, graduate research and education in data sciences and social computing.

RiskEcon® Lab is the cornerstone of the Computational Economics and Algorithmic Data Analytics (CEcADA) cooperative at New York University, established concurrently in 2011.


Press releases on the establishment of RiskEcon® Lab:

NYU Press release
Courant Newsletter Article

Links to RiskEcon Lab:
RiskEcon Lab at NYU CIMS
Samantha Kappagoda at RiskEcon Lab
David Mordecai at RiskEcon Lab

News and Events

David Mordecai participated in FinTech Innovation Lab 2017 Demo Day

David Mordecai, participated in Demo Day 2917 for FinTech Innovation Lab (FTIL) on June 22nd 2017, as Scientist-in-Resident for FTIL. […]

Samantha Kappagoda was invited to speak on a panel for the Council for Economic Education

Samantha Kappagoda, Chief Economist of Risk Economics, was invited to speak on a panel sponsored by the Council for Economic […]

David Mordecai was invited to speak at the American Association of State Compensation Insurance Funds (AASCIF) Mid-Year CEO Conference

David Mordecai, President of Risk Economics Inc. was invited to speak at the American Association of State Compensation Insurance Funds […]

Samantha Kappagoda was a speaker on the Economics of Financial Decision Making

Samantha Kappagoda, Chief Economist and co-founder of Risk Economics was invited to speak on a panel jointly sponsored by 100 […]

David K.A. Mordecai was a Speaker on Big Data Management at RAA Cat Risk Management 2015

David K.A. Mordecai was an invited speaker at Cat Risk Management 2015, the Annual Conference of the Reinsurance Association of […]

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