David K.A. Mordecai, President of Risk Economics, co-organized, served as a session chair, panel moderator and presented, during the NYU-Princeton Workshop on Future Electricity Grids and Energy Markets convened on January 22nd and 23rd, 2025. During the two-day research workshop, his presentation entitled Power-to-X addressed the critical role of sector coupling, the thermodynamics underlying spatiotemporal weather conditions coupled with energy and power capacity engineering across industrial sectors, highlighting implications for mesoscale economics of supply and demand.
Dr. Mordecai is President and Co-Founder of Risk Economics, an Adjunct Professor of Econometrics and Statistics at the University of Chicago Booth School of Business, an Adjunct Professor of Law at NYU Law School, and advises research activities at RiskEcon® Lab @ Courant Institute of Mathematical Sciences NYU.
About RiskEcon® Lab @ Courant Institute
The mission of RiskEcon® Lab for Decision Metrics @ Courant Institute of Mathematical Sciences NYU is the development of experimental testbeds and analytics that employ high-dimensional datasets from innovative sources by applying a range of computational and analytical methods to commercial and industrial sensor networks and edge computing embedded systems, focusing primarily on research and development (R&D) of remote- and compressed- sensing, anomaly detection, forensic analytics and statistical process control. By employing applied computational statistics within the context of robust and scalable data analytic solutions, the goal is robust and reliable integration of machine learning with signal processing for measurement and control, in order to conduct research fundamental to large-scale, real-world questions in risk and liability management in the public interest.
RiskEcon® Lab for Decision Metrics was established in 2011 at Courant Institute of Mathematical Sciences, an independent division of New York University (NYU). Courant is considered to be one of the world’s leading mathematics educational and scientific research centers, and has been ranked first in research in applied mathematics. RiskEcon® Lab is the cornerstone of the Computational Economics and Algorithmic Data Analytics (CEcADA) cooperative at New York University, established concurrently in 2011.
About Risk Economics, Inc.
Risk Economics® specializes in economic analysis of risk and liability. It 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 analysis. The RiskEcon® 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. For additional information, please visit https://riskeconomicsinc.com/.
