The war between Russia and Ukraine, for example, does not only affect the trade in gas and oil, but also the market for metallic minerals, which Europe urgently needs to boost the energy transition. A research project from the field of economics is investigating how trade in mineral commodities is linked to geopolitical risks.
We talk about self-fulfilling prophecies when something we have predicted comes true as a result of our conscious and unconscious actions. Jack Bryson, university assistant in the Ada Lovelace Programme, is using modelling and simulations to find out which social science phenomena can cause banks to fail.
Casting the rational behaviour of individuals in mathematical models and learning from these for use in reality: Daniel Rehsmann recently completed his doctorate in microeconomics and, among other things, he explored the conditions under which it is rational to spread misinformation.
What happens when strategic decisions are not reached in the boardroom, but by a large number of stakeholders? Ali Banihashemi models the long-term impact of open strategy on companies and institutions. He has no doubt: “In the future, we will have to rely on open decision-making processes.”
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