RiskEcon® Lab NYU
Risk Econ® 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 the Risk Economics® Lab for Decision Metrics at New York University’s Courant Institute. The Courant Institute for Mathematical Sciences is an independent division of NYU, widely considered one of the world’s leading mathematics educational and scientific research centers, and ranked first in applied mathematical research.
The RiskEcon® Lab applies a range of computational methods to analyze 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.
The primary focus of the RiskEcon® Lab is:
- to develop practical analytic solutions by integrating web-enabled crowdsourcing with machine learning, data-mining, and text-mining, in order to provide solutions and answer large-scale, real world questions.
- to foster, promote, and coordinate public-private-academic research partnerships to sponsor, fund, organize and manage “big data” libraries, and
- to cultivate NYU’s competency in computational statistics.
The RiskEcon® Lab’s primary role is the research and development of commercially-viable, analytic applications employing computational statistical tools in conjunction with innovative and non-traditional data structures. In addition, other activities of the RiskEcon® Lab involve the advancement of the field via interdisciplinary post-doctoral, postgraduate, graduate research and education in data sciences and social computing. The RiskEcon® Lab is the cornerstone of the Computational Economics and Algorithmic Data Analytics (CEcADA) cooperative at New York University, established concurrently in 2011.
News and Events
October 15, 2012David Mordecai presented at the NABE 2012 Annual Conference
David Mordecai, President of Risk Economics, Inc., presented at the National Association of Business Economists (NABE) 2012 Annual Conference: Bridging the [..more..]
December 3, 2011Risk Economics, Inc. presented at a conference sponsored by the Department of Treasury’s Office of Financial Research and Financial Stability Oversight Council
David K.A. Mordecai, President of Risk Economics, Inc., presented at The Macroprudental Toolkit: Measurement and Analysis Conference sponsored by the Department [..more..]
November 12, 2011Risk Economics, Inc. participated in NYU-Poly’s Eighth Annual CSAW Competition
David K.A. Mordecai and Samantha Kappagoda participated in judging at NYU-Poly’s Eighth Annual Cyber Security Awareness Week (CSAW) Competition on November 11th, 2011 [..more..]
August 19, 2011The RiskEcon® Decision Metrics Lab has been established at New York University’s Courant Institute
The RiskEcon® Decision Metrics Lab has been established at New York University’s Courant Institute of Mathematical Sciences, in order to apply [..more..]
May 19, 2011Risk Economics presented at the Casualty Actuarial Society Spring 2011 Meeting
During the Session entitled Structural Shocks and Changing Dynamics Related to Emergent Risks, Evolving Health Trends, Demographic Shifts and Labor Markets at [..more..]
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