Modelling the systemic risks of modelling

Much of our society is dependent on computational models of the world, but models are themselves usually limited or flawed. Worse, the use of models can be flawed: we can trust them too much even when they give biased or erroneous answers, sometimes with disastrous effects. The FHI-Amlin Research Collaboration on Systemic Risk of Modelling is an interdisciplinary project where we are trying to understand how models (in particular, models of risk in insurance) can produce systemic risk. In this talk I will describe some of our current research, aiming at modelling the emergent risks from small markets of risk models.

Date: 
Tuesday, 15 October, 2013 - 12:30 to 14:00
Presenter(s): 
Anders Sandberg
Presenter(s) biography: 

Dr Anders Sandberg is based at the Future of Humanity Institute, Oxford Martin School, Oxford University. His research centres on societal and ethical issues surrounding human enhancement and new technology.

Location: 
26AD03