VERLAINE Michel
Michel Verlaine possède un Doctorat en Economie et Gestion. Il est professeur permanent à l'ICN Business School depuis Mars 2008, spécialisé dans le domaine de l'industrie financière et la théorie de la décision. Il gère la spécialisation Banques, Fonds et Marchés qui couvre la chaine de valeur de l'industrie financière. Il enseigne la valorisation des produits fianciers, la gestion des actifs, la valorisation des produits structurés, la gestion des risques financiers, la Finance comportementale et l'architecture de la Finance ainsi que la Microstructure des marchés. Son domaine de recherche couvre las applications de la théorie de la décision à l'industrie financière. Il a également publié de manière régulière dans le mensuel Professional de la Finance Agefi où il a créé la page Recherche en Finance. Il est également l'intiateur de la page Economie/ Finance du Baltic Times. Il est aussi l'auteur d'un ouvrage au sujet de l'industrie de la gestion d'actifs intitulé: The Economics of the Asset Management Industry: A Behavioral Economics Approach.
Avant de rejoindre ICN Business School il a travaillé pour le Ministère de l'Economie au Luxembourg en vue de la préparation de la Présidence Luxembourgeoise de l'Union Européenne. Il a notamment préparé et pris part aux réunions Eco/Fin des Ministres des Finances. Il a également travaillé chez Ernst and Young dans le département de Risk Advisory, période durant laquelle il a notamment audité les processus de Gestion des Risques de la Banque Européenne d'Investissement. Au moment de rejoindre ICN BS il été consultant indépendant et a notamment fait des projets d'analyse des risques de produits structurés suite à la crise des sub-primes. Plus récemment, étant donné qu'il parle couramment le Russe, il développe des liens entre Est-Ouest et tisse des liens académiques avec les anciens pays du bloc soviétique et lance des axes de recherche comparative sur l'Architecture Financière dans ces pays.
Diplômes et formations
Postes
Cours enseignés
Intêrets de Recherche
Publications
VERLAINE, M., “On Human Rationality in Market Microstructure”, AGEFI Luxembourg, Avril 2025
VERLAINE, M., “On Religion, Rationality and Growth”, AGEFI Luxembourg, Janvier 2025
VERLAINE, M., “Ecological Rationality and the Maximum Entropy Heuristic”, ssrn, 2025
VERLAINE, M., “Behavioural aspects behind the growth of fund families”, Applied Economics, Décembre 2024, vol. 56, no. 58, pp. 8262-8272
VERLAINE, M., “Ecological Rationality and the Multipolar World”, AGEFI Luxembourg, Octobre 2024
VERLAINE, M., “On recent productivity growth slackening”, AGEFI Luxembourg, Juin 2024
VERLAINE, M., “When Geopolitics meets Decision Theory”, AGEFI Luxembourg, Mai 2024
VERLAINE, M., “Ecological Rationality and the Maximum Entropy Heuristic” dans BALTIC INTERNATIONAL ACADEMY XIII International Research-to-Practice Conference “Society Transformations in Social and Human Sciences”, 2024, Riga, Lettonie
VERLAINE, M., “Information-theoretic approaches in Economics and Finance” dans Global Economic Trends – Challenges and Opportunities conference, 2024, Belgrade, Serbie
VERLAINE, M. – “Ecological Rationality and the Fund Industry” – 2023, Belgrade, Serbie
VERLAINE, M., “On Eastern Culture and Ecological Rationality”, AGEFI Luxembourg, Février 2023
VERLAINE, M., “On Neuroeconomics and its implications for social science”, AGEFI Luxembourg, Juin 2023
VERLAINE, M., “On Statistics, Rationality and Governmental Decision Making”, AGEFI Luxembourg, Décembre 2023
VERLAINE, M., “An Information-Theoretic Approach to Model Inverse S-Shaped Smooth Ambiguity”, ssrn, 2023
VERLAINE, M., “Behavioural Aspects behind the Growth of Fund Families”, ssrn, 2023
VERLAINE, M., “Behavioural Aspects Behind the Growth of Fund Families” dans World Finance Conference, 2023, Kristiansand, Norvège
VERLAINE, M., “Behavioural aspects behind the growth of fund families” Research Seminar Graduate School of Management. 2023, St Petersburg, Russie
VERLAINE, M., “Behavioral finance and the architecture of the asset management industry”, Journal of Economic Surveys, Décembre 2022, vol. 36, no. 5, pp. 1454-1476
VERLAINE, M., “On elicitation techniques for cyber risk audits”, AGEFI Luxembourg, Octobre 2022
VERLAINE, M., “On the extraction of cyber risks from structured products”, Applied Economics, Mars 2022, vol. 54, no. 22, pp. 2570-2581
VERLAINE, M., “On the inflation of fund families”, AGEFI Luxembourg, Février 2022
VERLAINE, M., “ON COVID-19 and Decision Theory”, AGEFI Luxembourg, Mars 2021
VERLAINE, M., “On Cryptocurrencies’ Market Microstructure”, AGEFI Luxembourg, Novembre 2021
VERLAINE, M., “On Cybersecurity Risk planning”, AGEFI Luxembourg, Avril 2021
VERLAINE, M., “Research in Finance: On the value of information”, AGEFI Luxembourg, Octobre 2021
VERLAINE, M., J. EISMONTS, “On Business Model Risk in Fintech Credit Platforms”, AGEFI Luxembourg, Juin 2021
VERLAINE, M., “Towards a New Geopolitics of Finance”, ssrn, 2021
SHASHKOVA, A., M. VERLAINE, “On the Constitutional Court’s Position about Freedom and Privacy as Business Strategy in the Banking Sector” dans Technology and Business Strategy., Stepnov, Igor Eds, Palgrave Macmillan, chap. 21, pp. 285-294, 2021
VERLAINE, M., “On risk-return profiling of P2P platforms” dans Proceedings of the Annual Decision Sciences Institute Meeting, 2021, Etats-Unis d’Amérique
VERLAINE, M., “On the extraction of cyber risks from structured products” dans Decision Sciences in the Age of Connectivity, Decision Science Institute, pp. 944-965, 2020, Etats-Unis d’Amérique
SHASHKOVA, A., M. VERLAINE, “On Modifications to the Constitution of the Russian Federation in 2020 for the Development of Entrepreneurial Activity”, Academy of Entrepreneurship Journal, Juin 2020, vol. 26, no. 2
SHASHKOVA, A., M.VERLAINE, E.KUDRYASHOVA, “On Modifications to the Constitution of the Russian Federation in 2020”, Russian Law Journal, Mars 2020, vol. 8, no. 1, pp. 60-83
VERLAINE, M., “From Geoeconomics to Geopolitics of Finance”, AGEFI Luxembourg, Novembre 2020
VERLAINE, M., “On Fund Performance and Turnover”, AGEFI Luxembourg, Octobre 2020
VERLAINE, M., “On Hedging behavior and Financial constraints”, AGEFI Luxembourg, Avril 2020
VERLAINE, M., “On efficiently inefficient markets”, AGEFI Luxembourg, Mars 2020, vol. XX, pp. 28
VERLAINE, M., “On public policies towards Cyber Risks”, AGEFI Luxembourg, Juillet – Août 2020
VERLAINE, M., “On the matching between fund scale and skill”, AGEFI Luxembourg, Septembre 2020
VERLAINE, M., “Towards Marketing of Financial Products”, AGEFI Luxembourg, Mai 2020
VERLAINE, M., “Towards a market for Cyber Structured Products: A new niche for Luxembourg?”, AGEFI Luxembourg, Février 2020
VERLAINE, M., A. SHASHKOVA, E. KUDRYASHO , “Amendments to Russian Constitution and International Institutions Decisions: EAEU Prospective”, Polis Political Studies Journal, Octobre 2020, vol. 5, pp. 164-176
VERLAINE, M., “On the Extraction of Cyber Risks using Structured Products”, SSRN (Social Science Research Net), 2020
SHASHKOVA, A., M. VERLAINE, “Change of Tax Policy Model as a Base for Innovation Development While Transferring from the Pre-industrial to the Industrial Society” dans Post-Industrial Society The Choice Between Innovation and Tradition., Kovalchuk, Julia Eds, Palgrave Macmillan, chap. 12, pp. 137-147, 2020
VERLAINE, M., “On the extraction of cyber risks using structured products” dans Virtual World Finance & Banking Symposium, 2020, Riga, Lettonie
VERLAINE, M., “Behavioral Finance and the Architecture of the Asset Management Industry” dans Transforming Decision Sciences Through Emergent technologies, Decision Science Institute, pp. 1598-1615, 2019, New Orleans, Etats-Unis d’Amérique
VERLAINE, M., “Behavioural Finance and the architecture of the Asset Management Industry”, AGEFI Luxembourg, Février 2019, pp. 34
VERLAINE, M., “On Brokerage and Structured Product Sales”, AGEFI Luxembourg, Décembre 2019
VERLAINE, M., “Research in Finance: On Portfolio Manager Contracts in the Mutual Fund Industry”, AGEFI Luxembourg, Juin 2019
VERLAINE, M., “Research in Finance: Behavioral aspects in the demand for active asset management”, AGEFI Luxembourg, Avril 2019
VERLAINE, M., “Research in Finance: On efficient markets and th extraction of cyber risk distributions”, AGEFI Luxembourg, Octobre 2019
VERLAINE, M., “Research in Finance: On governance problems between Commercial Banking and Asset Management”, AGEFI Luxembourg, Septembre 2019
VERLAINE, M., “Research in Finance: On the Changing Landscape of the ETF Industry”, AGEFI Luxembourg, Mars 2019
VERLAINE, M., “Research in Finance: On the impact of outsourcing in the international fund industry”, AGEFI Luxembourg, Mai 2019
VERLAINE, M., “Behavioral Finance and the Architecture of the Asset Management Industry”, SSRN (Social Science Research Net), 2019
VERLAINE, M., “Robust Valuation of CDOs” dans Smirnov Readings, 2019, St Petersbourg, Russie
VERLAINE, M., “An Information-theoretic approach to treat inverse S-shaped probability weighting problems.” dans Annual meeting proceedings., Decision Science Institute, pp. 276-289, 2018, Chicago, Etats-Unis d’Amérique
VERLAINE, M., “An Operational Approach to select CEU portfolios” dans Annual meeting Proceedings., Decision Science Institute, pp. 290-302, 2018, Chicago, Etats-Unis d’Amérique
VERLAINE, M., “Risk Management for Funds: A Decision-theoretic approach” dans Annual Meeting Proceedings., Decision Science Institute, pp. 1353-1368, 2018, Chicago, Etats-Unis d’Amérique
VERLAINE, M., “An Operational Approach to select CEU Portfolios” Annual Meeting Decision Sciences Institute. 2018, Chicago, Etats-Unis d’Amérique
VERLAINE, M., “An information-theoretic approach to treat inverse S-shaped probability weighting problems.” Annual meeting of the Decision Sciences Institute. 2018, Chicago, Etats-Unis d’Amérique
VERLAINE, M., “An operational approach to select CEU Portfolios” Annual meeting European Decision Sciences Institute. 2018, Undine, Italie
VERLAINE, M., “Inverse S-shaped probability weighting:” Annual meeting European Decision Sciences Institute. 2018, Italie
VERLAINE, M., “Risk Management for Funds: A Decision theoretic approach” Annual Meetinbg of the Decision Science Institute. 2018, Chicago, Etats-Unis d’Amérique
VERLAINE, M., A.MASHARSKY, A.GUBENKO, “An Information Theoretic Approach to Financial Decision Making” Transportattion and Communication Institute. 2018, Riga, Lettonie
VERLAINE, M., “ОБЗОР СОВРЕМЕННЫХ ПОДХОДОВ ТЕОРИИ ПРИНЯТИЯ РЕШЕНИЙ В ИНВЕСТИЦИОННОМ МЕНЕДЖМЕНТЕ,”, International Banking Institute Proceedings, 2017, Russie
VERLAINE, M., The Economics of the Asset Management Industry : A Behavioural Economics Approach, Editions Universitaires Européennes, Sarrebruck, Allemagne, 2016
VERLAINE, M., “In Praise of Europe’s New Finance Minister “, AGEFI Luxembourg, Octobre 2012
VERLAINE, M., “On ambiguity in asset markets”, AGEFI Luxembourg, Janvier 2011, pp. 25
VERLAINE, M., “Optimal compensation with Loss-averse Managers”, AGEFI Luxembourg, Mars 2011, pp. 28
VERLAINE, M., “Rationalizing fund benchmarks and compensation rules”, AGEFI Luxembourg, Février 2011, pp. 26
VERLAINE, M., “The dynamics of Mutual Fund advisory contracts”, AGEFI Luxembourg, Octobre 2011, pp. 28
VERLAINE, M., “On the Origin of S-shaped probability weighting”, SSRN (Social Science Research Net), 2011
VERLAINE, M., “On the Origin of S-Shaped Probability Weighting” European Decision Sciences Institute Annual Meeting (EDSI). 2011, Wiesbaden/Frankfurt, Allemagne
VERLAINE, M., “Risk Management for funds : A Decision Theoretic Approach” European Decision Sciences Institute Annual Meeting (EDSI). 2011, Wiesbaden/Frankfurt, Allemagne
VERLAINE, M., “Risk Governance for Funds”, SSRN (Social Science Research Net), 2010
VERLAINE, M., “Risk Governance for funds”, Cahier de recherche CEREFIGE, 2010
VERLAINE, M., “Robust Asset Allocation with Generalized Preferences” 10th Econometric Society World Congress . 2010, Shangai, Chine (RPC)
VERLAINE, M., “Research in Finance: On the impact of outsourcing in the international fund industry”, AGEFI Luxembourg, Mai 2009
VERLAINE, M., “Towards an integrated approach of market and credit risk”, AGEFI Luxembourg, Septembre 2009
VERLAINE, M., “Robust Valuation of Synthetic CDOs”, SSRN (Social Science Research Net), 2008
VERLAINE, M., “Asset allocation with Generalized Preferences”, Group of Research in Risk, Information and Decision , 2004
VERLAINE, M., “Transformations of Distributions, Robustness and Coherent Risk Measures”, ENSAM, 2004
VERLAINE, M., “Robust Mean-Variance Portfolio selection with Generalized Preferences” 2004, France
VERLAINE, M., “Portfolio Choice with Cognitive Anomalies”, Ed., 2002