Ladislaus von Bortkiewicz - Statistician,Economist and a European Intellectual
Ladislaus von Bortkiewicz (1868–1931) was a European statistician. His scientific work covered theoretical economics, stochastics, mathematical statistics and radiology; today, we would call him a cross-disciplinary scientist. With his clear views on mathematical principles with their applications in these fields, he stood in conflict with the mainstream economic schools in Germany at the dawn of the 20th century. He had many prominent students (Gumbel, Leontief and Freudenberg among them), and he carved out the path of modern statistical thinking. He was a true European intellectual with a career path from St. Petersburg via Göttingen to Straßburg and finally the Berliner Universität, now Humboldt-Universität zu Berlin. He is known for the precise calibration of insurance claims applying the—at that time hardly known—Poisson distribution to Prussian horse kick and child suicide data. He proposed a simple solution to the Marxian transformation problem and wrote numerous articles and books on the mathematical treatment of statistical (including radiological physical) data. In this courselet, we sketch his life and work and point out the prominent role that he has in today’s statistical thinking.
Wolfgang Karl HÄRDLE attained his Dr. rer. nat. in Mathematics at Universität Heidelberg in 1982 and in 1988 his habilitation at Universität Bonn. He is Ladislaus von Bortkiewicz Professor of Statistics at Humboldt-Universität zu Berlin and the director of the Sino German Graduate School (洪堡大学 + 厦门大学) IRTG1792 on “High dimensional non stationary time series analysis”. He directs IDA Institute for Digital Assets,
University of Economic Studies, Bucharest, RO. His research focuses on data analytics, dimension reduction and quantitative finance. He has published over 30 books and more than 300 papers in top statistical, econometrics and finance journals. He is highly ranked and cited on Google Scholar, REPEC and SSRN. He has professional experience in financial engineering, S.M.A.R.T. (Specific, Measurable, Achievable, Relevant, Timely) data analytics, machine learning and cryptocurrency markets. He has created the www.quantlet.com platform, a cryptocurrency index, CRIX www.royalton-crix.com He is 玉山学者 (Yushan Scholar), web page hu.berlin/wkh