Michael Nowotny

Michael Nowotny is a financial economist and former business school professor who specializes in asset-pricing. He is experienced in quantitative modeling and high-performance numerical computing, and has created several well-known open source packages for Python, including Cocos, Recombinator, and State Space. His research interests include rare disasters, idiosyncratic risk, and dynamic asset allocation.

Nowotny's academic background includes a Ph.D. in Finance from the Anderson School of Management at the University of California, Los Angeles, and a Diplom in Economics from the University of Mannheim. He has previously held positions as a consultant at Research Affiliates, a course instructor and graduate teaching assistant at UCLA Anderson School of Management, and an Assistant Professor of Finance at the Boston University School of Management. He is also the founder of a fintech startup in stealth mode.

Perhaps most notably, Nowotny is known for his invention of the theory of self-perpetuating rare disasters, which has explained long-standing asset-pricing puzzles in a rational framework. His paper, "Disaster begets Crisis: The Role of Contagion in Financial Markets" has sparked an ongoing stream of academic research.

Overall, Nowotny's expertise lies in financial economics, asset-pricing, and quantitative modeling. He has a particular interest in rare disasters, idiosyncratic risk, and dynamic asset allocation.