The second lecture in the spirit of Michael Damm will be held on December 19, 2018.
Risk Management 2.0
How to deal with the complexity and uncertainty?
Current risk management frameworks do not sufficiently take into account the uncertainty of the future and the complexity of society and the financial system. This leaves states, cities, banks and other financial institutions fragile. They are susceptible to "blow-ups", so called black swans and insecurity. The human factor,
i.e. behavioural traits, makes it even more difficult to deal with these situations in time.
In his lecture, Lex Hoogduin will briefly present FAUC (Framework for Acting under Uncertainty and Complexity). FAUC aims at supporting effective action in the world as it is: complex and uncertain.
He will then argue that effective risk management requires a review and extension of current risk management approaches. Subsequently, on the basis of FAUC he will present Risk Management 2.0.
After the lecture there’s ample time for a Q&A of the audience. This will be moderated by Fieke van der Lecq.
Professor Lex Hoogduin
After the lecture by professor Hoogduin, two discussants will feed the discussion:
Joeri Schasfoort MSc
University of Groningen based researcher using agent-based simulation models to understand the interactions between finance and the economy.
Anita Kopányi-Peuker PhD
Postdoctoral researcher at the University of Amsterdam using laboratory experiments to investigate human behavior in financial settings e.g. in asset markets and bank runs.
The subsequent Q&A with the audience will be moderated by professor Fieke van der Lecq, director of the VU Risk Management program.
This invitation can be freely shared among your professional network contacts. As there are a limited number of seats available, we kindly request you to register.
16:30 Registration with refreshments
17:00 Word of welcome by moderator
17:05 Lex Hoogduin
18:30 Q&A with audience
19:00-20:00 Drinks and bites