Security in the Age of Systemic Risk: Strategies, Tactics and Options for Dealing with Femtorisks and Beyond
Year: 2012
Type: book
Abstract: The world today is increasingly confronted with systemic threats and challenges, in which femtorisks - small-scale dangers that are inherent to system structures and function and which pose asymmetrically catastrophic risks - can build in consequence, spreading uncontrollably like epidemics in both natural and social systems in such diverse areas as ecology, epidemiology, finance, the Internet, terrorism, and international relations. They have been successfully modeled in ecology in the context of complex adaptive systems: systems made up of individual agents, whose interactions have macroscopic consequences that feed back to influence individual behavior. While acknowledging challenges, this paper argues for the value of applying to societal systems the approaches that natural scientists have developed in quantifying and modeling biological interactions and ecosystems.
Authors: Aaron Frank, Margaret Goud Collins, Michael A. Clegg, Ulf Dieckmann, Victor Kremenyuk, A.V. Kryazhimskiy, J. Linnerooth‐Bayer, Simon A. Levin, Andrew W. Lo, Ben Ramalingam, Joshua Cooper Ramo, Sandip Roy, D. G. Saari, Z. Shtauber, Karl Sigmund, Jonathan Tepperman, Stefan Thurner, Yiwei Wang, Detlof von Winterfeldt
Language: English
Subfield: Civil and Structural Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W2340805215