What to believe now? Applied epistemology, information markets, and networks

We use epistemology, the study of knowledge and justified belief, to investigate decision making in social, political and financial situations. Against the backdrop of debates about financial bubbles, fake news and populism, we investigate what we can know and what we are justified in believing. We approach applied epistemology through two lenses: epistemic virtues (individual), … Continue reading What to believe now? Applied epistemology, information markets, and networks

The Ethics and Governance of Algorithmic Decision Making

Human decision makers are increasingly replaced by self-learning computer algorithms in economic decision making. Such algorithms use personal data (ranging from one’s post code to medical history and Facebook friends) to score and rank people. Such rankings, in turn, can determine who gets offered a job, who gets offered a loan and under what conditions … Continue reading The Ethics and Governance of Algorithmic Decision Making

The Complexity Science Approach to the Financial System

Complexity science provides new ways of modelling the financial system as a complex system. It challenges dominant views of linearity, predictability, and responsibility in finance. On the philosophical side, this could have implications for how we think about morality in financial markets. On the policy side, the complexity approach could require a rethinking of how … Continue reading The Complexity Science Approach to the Financial System

Risk in Finance

What kinds of risk are there in the financial system, and how should financial regulators deal with them? Complex financial systems create credit and enable businesses, households, and states to share risks, but they are also prone to financial crises. Financial regulators seeking to achieve financial stability need to assess systemic risks in the financial … Continue reading Risk in Finance