Sunday, 6 July 2008
ETH Member of Institute gives lecture on parallels between financial crashes and disturbances in nature
Professor Didier Sornette (photo) presented insights into the workings of financial crises at a special presentation to ETH Alumni last Thursday evening.
Sornette, who is a member of the Swiss Finance Institute faculty, holds the ETH Chair of Entrepreneurial Risk at the Department of Management, Technology and Economics.
The Department is one of several ETH research departments involved in an agreement with the Swiss Finance Institute, signed last December, that enables selected ETH faculty to become affiliated with the Institute.
Originally trained in the physical sciences, Didier Sornette's ideas about financial crises appear regularly in the press. He recently commented on the involvement of Swiss banks in the credit crisis that continues to affect the stability of global financial markets.
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Sornette has surely interesting ideas and some creativism. But, to a large extent, his research his carried out by talented post-docs and PhD's (as the numerous publications show, where he is quoted as last author). Additionally, Sornette is a good self-presenter, his lecture slides include dozens of photos of himself, articles in non-academic journals etc. Of course, there are always professors which know how to deal with the media better than others and Sornette is definately one of them..but, in teaching, Sornette is lousy, chaotic and a bad didactic.
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