umu.sePublikasjoner
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Measuring, modeling, and managing systemic risk: the missing aspect of human agency
Umeå universitet, Teknisk-naturvetenskapliga fakulteten, Institutionen för matematik och matematisk statistik.ORCID-id: 0000-0001-9862-816x
Vise andre og tillknytning
2019 (engelsk)Inngår i: Journal of Risk Research, ISSN 1366-9877, E-ISSN 1466-4461Artikkel i tidsskrift (Fagfellevurdert) Epub ahead of print
Abstract [en]

It is problematic to treat systemic risk as a merely technical problem that can be solved by natural-science methods and through biological and ecological analogies. There appears to be a discrepancy between understanding systemic risk from a natural-science perspective and the unresolved challenges that arise when humans with their initiatives and interactions are included in systemic-risk considerations. It is therefore necessary to investigate possible fundamental differences and similarities of systemic risk with and without accounting for human involvement. Focusing on applied and implementation aspects of measuring, modeling, and managing systemic risks, we identify three important and distinct features characterizing such fundamental differences: indetermination, indecision, and responsibility. We contend that, first, including human initiatives and interactions in systemic-risk considerations must emphasize a type of variability that is especially relevant in this context, namely the role of free will as a fundamental source of essential indetermination in human agency. Second, we postulate that collective indecision generated by mutual uncertainty often leads to the suspension or alteration of rules, procedures, scripts, and norms. Consequently, the associated systemic risks cannot be incorporated into explanatory models, as the new causal rules cannot be predicted and accounted for. Third, analogies from biology and ecology, especially the idea of ‘contagion,’ downplay human agency, and therefore human responsibility, promoting the false belief that systemic risk is a merely technical problem. For each of these three features, we provide recommendations for future directions and suggest how measuring, modeling, and managing approaches from the natural-science domain can best be applied in light of human agency.

sted, utgiver, år, opplag, sider
Routledge, 2019.
Emneord [en]
Systemic risk, human agency, measuring systemic risk, managing systemic risk, modelling systemic risk
HSV kategori
Identifikatorer
URN: urn:nbn:se:umu:diva-164627DOI: 10.1080/13669877.2019.1646312ISI: 000485129600001Scopus ID: 2-s2.0-85071978306OAI: oai:DiVA.org:umu-164627DiVA, id: diva2:1368905
Tilgjengelig fra: 2019-11-08 Laget: 2019-11-08 Sist oppdatert: 2019-11-08

Open Access i DiVA

fulltext(1605 kB)4 nedlastinger
Filinformasjon
Fil FULLTEXT01.pdfFilstørrelse 1605 kBChecksum SHA-512
c696d2301f1268a7a3dd6a7f57b5b3ad5c01c51c5a4547410979bc3a563b4caeac0438df0b60794cbe2f6fbf96ef12d7b3d5a928149a16bed422e1a754e1d523
Type fulltextMimetype application/pdf

Andre lenker

Forlagets fulltekstScopus

Personposter BETA

Brännström, Åke

Søk i DiVA

Av forfatter/redaktør
Brännström, Åke
Av organisasjonen
I samme tidsskrift
Journal of Risk Research

Søk utenfor DiVA

GoogleGoogle Scholar
Totalt: 4 nedlastinger
Antall nedlastinger er summen av alle nedlastinger av alle fulltekster. Det kan for eksempel være tidligere versjoner som er ikke lenger tilgjengelige

doi
urn-nbn

Altmetric

doi
urn-nbn
Totalt: 24 treff
RefereraExporteraLink to record
Permanent link

Direct link
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annet format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annet språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf