Day 2: Thursday 24th May 2018

Morning session: Dealing with Uncertainty

We began with some presentations on techniques for orienting ourselves in complex problem space before embarking on the workshop.

RISCS Director Madeline Carr provided an overview of approaches dealing with uncertainty that are emerging from the policy community.

NCSC’s Helen L  gave an outline of some of the techniques that the
NCSC has researched around orienting in problem space and complex problem solving. She also provided an overview of the Cynefin Framework which highlights some of the risks of treating complex problems simply.

“Understanding Complexity: Making Effective Risk Decisions in Different Contexts” – NCSC (opens PDF) 

David Tuckett is a psychoanalyst, economist and sociologist. He works as a clinician, as a Fellow of the UK Institute of Psychoanalysis and also as Director of the Centre for the Study of Decision-Making Uncertainty and Professor both in the Psychoanalysis Unit and the Department of Science, Technology, Engineering and Public Policy at University College London (UCL). 

His book, Minding the Markets: An Emotional Finance View of Financial Instability describes the decision-making of fifty leading asset managers and developed the theory of emotional finance. Supported by the Institute of New Economic Thinking, he has been collaborating with colleagues at the Bank of England and UCL to develop a new approach to the economic modelling of economic behaviour under uncertainty – Conviction Narrative Theory – and more generally on Decision-Making under Radical Uncertainty. He is the Principle Investigator for the UK Research Councils’ CRUISSE network (Confronting Radical Uncertainty in Science, Society and he Environment) and Co-Investigator and a member of the Management Team of the UK ESRC network, Rebuilding Macroeconomics. He occasionally tweets from @david_tuckett

View David’s presentation here (opens PDF)

Afternoon session: The IoT Smart Family Workshop

The afternoon session tool a close look at highly complex decision-making. It followed on from the previous day’s look at the utility of cyber security metrics. On Day 2, we asked, “What happens when levels of complexity and uncertainty go beyond the capabilities of cyber metrics?”

Read the report here (opens PDF doc)

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