Prof. Spyros Makridakis
Spyros Makridakis is a professor of the University of Nicosia (UNIC) where he is the Director of the Institute for the Future (IFF) and an Emeritus Professor of Decision Sciences at INSEAD and one of the world's leading experts on forecasting, with many journal articles and books on the subject. He is famous as the organizer of the Makridakis Competition, known in the forecasting literature as the M-Competitions.
Makridakis was part of the Greek Sailing Team in the 1960 Olympic Games and studied at the Graduate School of Industrial Studies in Piraeus (University of Piraeus, present name). After that, he joined New York University where he obtained a Ph.D. in 1969. He has held a number of teaching and research positions including positions as research fellow at IIM Berlin and Stanford University and a visiting scholar at Harvard and MIT. He joined INSEAD (Fontainebleau, France) in 1970 and was the Rector of the Neapolis University of Pafos. He is also an Emeritus Professor at INSEAD that he joined in 1970. In addition to teaching and consulting expertise, he has also authored, or co-authored, 24 books including Forecasting, Planning and Strategy for the 21st Century (The Free Press), Forecasting: Methods and Applications, 3rd ed. and Forecasting Methods for Management, 5th ed. (Wiley, translated in twelve languages and sold more than 120,000 copies). He has also published more than 250 articles and book chapters. He was the founding chief editor of the Journal of Forecasting and the International Journal of Forecasting. Furthermore, he has won the “Best Teacher Award” at INSEAD twice. Spyros’ current interest centers on the uses and limitations of forecasting and what we can do with the resulting uncertainty and risk given our inability to accurately predict a wide range of future events (e.g. the 2000 burst of the Internet bubble or the 2007-2009 major financial crisis). In addition, he is interested in medical decision making by comparing the costs and benefits of treatment. These and similar issues are dealt with in the book Dance with Chance: Making Luck Work for You (co-authored with Robin Hogarth and Anil Gaba) and in a special issue of the International Journal of Forecasting on “Decision Making and Planning Under Low Levels of Predictability” (co-edited with Nassim Taleb).