Professor of Entrepreneurial Risks in the Department of Management, Technology and Economics at the Swiss Federal Institute of Technology (ETH Zurich) and a Professor of Finance at the Swiss Finance Institute He is the author of 500 research papers and seven books His research focuses on predicting crises and extreme events in complex systems, particularly financial bubbles and crashes, and the diagnostic of systemic instabilities In 2008 he launched the Financial Crisis Observatory to test the hypothesis that financial bubbles can be diagnosed in real time and that their termination can be predicted probabilistically