Fatal flaws in UK Government's price of a life

The measurement by which the UK Government attaches a monetary value to saving a human life is invalid and should be overhauled, according to Professor of Risk Management at the University of Bristol, Philip Thomas.

Mobilising the social sciences to rethink finance

Ten years have passed since the collapse of Lehman Brothers: this unprecedented event remains today a topic of the greatest concern. Indeed, regulation theory teaches us that the major financial crises – those of 1929 and ...

Alpha leaders tend to be front-runner candidates

The tenets of Social Darwinism may have lost favor long ago, but the rise of political populism in the 21st Century continues to support the maxim that "the strong survive", and are most adept at leading during challenging ...

How artificial intelligence is changing economic theory

A century of economic theory assumed that, given their available options, humans would always make rational decisions. Economists even had a name for this construct: homo economicus, the economic man.

What's fair?: New theory on income inequality

The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern, especially to policy makers. Income inequality was identified as ...

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