Change in venue
As of today, I have decided to no longer host my personal weblog at this location. Going forward, my personal weblog will be located at http://jgarven.blogspot.com.
As of today, I have decided to no longer host my personal weblog at this location. Going forward, my personal weblog will be located at http://jgarven.blogspot.com.
In my opinion, Marty Grace at Georgia State has the most useful weblog on the internet for people who are interested in risk management/insurance-related research and public policy issues, called Riskprof. For example, check out today’s entry about empirical evidence (or the lack thereof) concerning adverse selection in insurance markets, complete with a holiday theme!
Since President Bush recently nominated Judge Samuel A. Alito to replace (retiring) Sandra Day O’Connor on the Supreme Court, this must mean that tradesports.com has a new senate confirmation contract trading, aka SC.CONFIRM.ALITO. On its first day of trading, the price for this contract ranged from $75 to $84.90. Lately the trading range has narrowed somewhat at a marginally higher price level (now $88.50), implying nearly a 90% likelihood of Senate confirmation. Here’s the graph over the lifetime of the contract:

For what it’s worth, I am one of four people (along with Jeff Holland, Liongate Capital Management founder, John W. Howton Rockbrook Capital founder, and John C. Bogle, founder and former CEO of the Vanguard) interviewed in “Finance to the Rescue”, an article that appears in the Fall 2005 issue of Baylor Business Review. My interview is on the topic of cat bonds, which is a topic that I have previously blogged about.
The Fall 2005 issue of Baylor Magazine is now in print and available on the web. I am featured in an article entitled "Creative Economics". For a proper context, also read the article "Seats of Honor".

At Baylor, I teach courses in risk management (FIN/RMI 4335 and FIN/RMI 5335) and financial engineering (FIN 4366), and my research interests are in corporate risk management, insurance economics, and option pricing theory and applications.
I currently serve as an associate editor for Geneva Risk and Insurance Review and Journal of Risk and Insurance, and as immediate past President of the American Risk and Insurance Association.
Please email your comments about this weblog to James_Garven@baylor.edu.