umu.sePublikationer
RefereraExporteraLänk till posten
Permanent länk

Direktlänk
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annat format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annat 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
Visa övriga samt affilieringar
2019 (Engelska)Ingår i: Journal of Risk Research, ISSN 1366-9877, E-ISSN 1466-4461Artikel i tidskrift (Refereegranskat) 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.

Ort, förlag, år, upplaga, sidor
Routledge, 2019.
Nyckelord [en]
Systemic risk, human agency, measuring systemic risk, managing systemic risk, modelling systemic risk
Nationell ämneskategori
Tvärvetenskapliga studier inom samhällsvetenskap
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
Tillgänglig från: 2019-11-08 Skapad: 2019-11-08 Senast uppdaterad: 2019-11-08

Open Access i DiVA

fulltext(1605 kB)18 nedladdningar
Filinformation
Filnamn FULLTEXT01.pdfFilstorlek 1605 kBChecksumma SHA-512
c696d2301f1268a7a3dd6a7f57b5b3ad5c01c51c5a4547410979bc3a563b4caeac0438df0b60794cbe2f6fbf96ef12d7b3d5a928149a16bed422e1a754e1d523
Typ fulltextMimetyp application/pdf

Övriga länkar

Förlagets fulltextScopus

Personposter BETA

Brännström, Åke

Sök vidare i DiVA

Av författaren/redaktören
Brännström, Åke
Av organisationen
Institutionen för matematik och matematisk statistik
I samma tidskrift
Journal of Risk Research
Tvärvetenskapliga studier inom samhällsvetenskap

Sök vidare utanför DiVA

GoogleGoogle Scholar
Totalt: 18 nedladdningar
Antalet nedladdningar är summan av nedladdningar för alla fulltexter. Det kan inkludera t.ex tidigare versioner som nu inte längre är tillgängliga.

doi
urn-nbn

Altmetricpoäng

doi
urn-nbn
Totalt: 49 träffar
RefereraExporteraLänk till posten
Permanent länk

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