Risk Economics, Inc. is pleased to announce that Dr. David K.A. Mordecai is reaffiliating with Compass Lexecon. Dr. Mordecai is President and co-founder of Risk Economics, a New York City based advisory firm, which specializes in the application of computational economics to the proprietary development and scalable implementation of robust modeling and data analytic frameworks for valuation, strategic and systemic risk analysis, and dynamic asset-liability management.
A Visiting Scholar at Courant Institute of Mathematical Sciences NYU and Adjunct Professor at NYU, he advises research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute since its founding in 2011. Since November 2013, Dr. Mordecai has served as the Scientist-in-Residence at FinTech Innovation Lab sponsored by the Partnership Fund for NYC. In 2014, he was appointed the Course Director to lead the NYU Center for Data Science Capstone graduate applied research program in its inaugural year. He has also been associated with the NYU interdisciplinary collaboration that researches the relationships between social media and political behavior. Dr. Mordecai serves on the Board of Governors for the New York Academy of Sciences, and is the founding Editor-in-Chief of the Journal of Risk Finance a quarterly peer-reviewed research periodical (ca. 1999), addressing topics in financial risk intermediation.
In 2020, he was formally commissioned by the Office of the Attorney General for the State of Colorado for the SB-217 pattern and practice investigation of the Aurora Police Department (APD) and related entities, as technical advisor pro bono, in order to conduct extensive statistical and empirical analyses of data retrieved from the Aurora Police Department related to police interactions, arrests and uses of force. In his respective capacity as a Visiting Scholar at Courant Institute, working closely with a Compass Lexecon team and Risk Economics® co-founder and fellow Courant Visiting Scholar Samantha Kappagoda, Dr. Mordecai participated in the methodological aspects of the analysis as research in the public interest being conducted at RiskEcon® Lab for Decision Metrics @ Courant.
Dr. Mordecai actively conducts applied research at the intersection of risk engineering and industrial economics, as a former senior executive at global banks and diversified financial institutions with nearly forty years of direct industry experience across a range of commercial sectors and capital markets. His expertise includes forensic financial and economic analysis, financial engineering, the valuation of fixed income securities and structured products, including over-the-counter derivatives, complex insurance and reinsurance liabilities, M&A successor liability, operational risk, reliability and warranty-indemnity analysis, and asset-liability and risk management models and practices. He has advised and provided technical oversight for pattern and practice investigations, internal regulatory investigations, insurance investigations for state regulators, as well as stress-testing for global financial institutions. Having testified extensively at deposition, trial, arbitration, and international arbitration, he has been admitted as an expert in federal, state and county courts, and cited favorably in court decisions.
Dr. Mordecai earned a PhD with concentrations in Econometrics/Mathematical Statistics and Economics/Industrial Organization from the University of Chicago, and an MBA in Finance from the NYU Stern School of Business.
About Risk Economics
Risk Economics provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics. The Risk Economics® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities and energy, as well as government agencies and regulators.
A Visiting Scholar at Courant Institute of Mathematical Sciences NYU and Adjunct Professor at NYU, he advises research activities at RiskEcon® Lab for Decision Metrics @ Courant Institute since its founding in 2011. Since November 2013, Dr. Mordecai has served as the Scientist-in-Residence at FinTech Innovation Lab sponsored by the Partnership Fund for NYC. In 2014, he was appointed the Course Director to lead the NYU Center for Data Science Capstone graduate applied research program in its inaugural year. He has also been associated with the NYU interdisciplinary collaboration that researches the relationships between social media and political behavior. Dr. Mordecai serves on the Board of Governors for the New York Academy of Sciences, and is the founding Editor-in-Chief of the Journal of Risk Finance a quarterly peer-reviewed research periodical (ca. 1999), addressing topics in financial risk intermediation.
In 2020, he was formally commissioned by the Office of the Attorney General for the State of Colorado for the SB-217 pattern and practice investigation of the Aurora Police Department (APD) and related entities, as technical advisor pro bono, in order to conduct extensive statistical and empirical analyses of data retrieved from the Aurora Police Department related to police interactions, arrests and uses of force. In his respective capacity as a Visiting Scholar at Courant Institute, working closely with a Compass Lexecon team and Risk Economics® co-founder and fellow Courant Visiting Scholar Samantha Kappagoda, Dr. Mordecai participated in the methodological aspects of the analysis as research in the public interest being conducted at RiskEcon® Lab for Decision Metrics @ Courant.
Dr. Mordecai actively conducts applied research at the intersection of risk engineering and industrial economics, as a former senior executive at global banks and diversified financial institutions with nearly forty years of direct industry experience across a range of commercial sectors and capital markets. His expertise includes forensic financial and economic analysis, financial engineering, the valuation of fixed income securities and structured products, including over-the-counter derivatives, complex insurance and reinsurance liabilities, M&A successor liability, operational risk, reliability and warranty-indemnity analysis, and asset-liability and risk management models and practices. He has advised and provided technical oversight for pattern and practice investigations, internal regulatory investigations, insurance investigations for state regulators, as well as stress-testing for global financial institutions. Having testified extensively at deposition, trial, arbitration, and international arbitration, he has been admitted as an expert in federal, state and county courts, and cited favorably in court decisions.
Dr. Mordecai earned a PhD with concentrations in Econometrics/Mathematical Statistics and Economics/Industrial Organization from the University of Chicago, and an MBA in Finance from the NYU Stern School of Business.
About Risk Economics
Risk Economics provides advisory services at the intersection of commercial business-process engineering and risk engineering with a particular focus on coupling commercial reinsurance and financial technology, through the rigorous application of agent-based, demographic, and statistical methodologies to microeconomic and macroeconomic analytics. The Risk Economics® client roster is diverse and includes governmental and quasi-governmental agencies, global insurance and reinsurance firms, leading law firms, technology firms, global banking institutions, asset management firms, multinational corporations with interests in natural resources, commodities and energy, as well as government agencies and regulators.
