Dr. Sci. Svetlozar(Zari) Rachev 


Specialization: Quantitative Finance
Currently Teaching: AMS 518 Advanced Stochastic Models, AMS 691 Topics in Applied Mathematics
Office: Harriman 312
Phone: 631-632-1998
Email: svetlozar.rachev@stonybrook.edu

Professor, Finance

Ph.D., 1979, Lomonosov University (Moscow): Mathematics

Doctor of Science, 1986, Steklov Mathematical Institute (Moscow): Physicsand Mathematics

M.S., 1974, Sofia University (Bulgaria):Mathematics

Dr. Zari Rachev is one of the world’s foremost authorities in the application of heavy-tailed distributions in finance. His 30 years of research were culminated in three recently awarded patents at FinAnalytica, where he serves as Chief Scientist. He was a co-founder and President of Bravo Risk Management Group, originator of the Cognity methodology, acquired by FinAnalytica. In addition to his Chair-Professorship at Karlsruhe Institute of Technology, he is Professor Emeritus at the University of California, Santa Barbara in the Department of Statistics and Applied Probability. Rachev is the author of 14 books and over 300 published articles on finance, econometrics, probability, statistics and actuarial science.


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Recent Publications



Center for Behavioral Finance launches website: The Center for Behavioral Finance at Stony Brook University brings together researchers from different disciplines to conduct research in behavioral finance. We aim at producing cutting-edge research in all fields of behavioral finance and (financial) decision making, mostly using experiments, publishable in top-tier journals in finance, judgment and decision making and psychology.


Upcoming Events

Provost Lecture Series: 
From 20th Century Environmental Protection to 21st Century Sustainability by Professor Daniel Esty.
Wednesday, December 3 at 4:00 pm in Wang Theatre [Event Flyer]
Organizations, Management and Groups (OMG) Seminar Series:




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College of Business • Stony Brook University, Stony Brook, NY 11794-3775 • Phone: 631.632.7171 • Fax: 631.632.8181
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