Using new models and big data to better understand financial risk

The financial crisis of 2008, which saw the failure of major investment banks Bear Stearns and Lehman Brothers, and the subsequent government bailout of insurance giant American International Group (AIG), had a ripple effect ...

Researchers determine how groups make decisions

From Beats headphones' rise to prominence or a political candidate's surge in the polls to how ants and bees select a new nest site, decisions emerging from groups frequently occur without a leader.

A new mechanism to explain how a financial crisis happens

Dr. Kobayashi Teruyoshi, an associate professor at the Graduate School of Economics, Kobe University and Dr. Charles Brummitt of Columbia University have proposed a new model to predict a financial crisis (a chain of bankruptcies) ...

Septic tank risk 'needs public awareness campaign'

Members of the public should be urged to take better care of their septic tank systems in order to reduce the risk of bacteria and viruses being released to the environment, scientists will say at an event in Dundee on Wednesday ...

Has global interdependence made the US vulnerable?

Risk is everywhere. There's a risk, for example, that volcanic ash will damage aircraft engines. So when a volcano erupted in Iceland in April 2010, concerns about the plume of volcanic ash disrupted air travel across Europe ...

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