SYRR Researcher Stefan Hochrainer- Stigler will give a lecture on Impact based dependencies and navigating through complexity ways forward based on ideas from systemic risk research.
The presentation will introduce some concepts used in systemic risk research to provide ways forward how to deal with cascading and compound risks, focusing on natural disaster events. It is argued that through the introduction of impact-based dependencies, e.g. using network-based approaches, cascading effects that could lead to systemic risk realization can be better incorporated in current and future modelling approaches dealing with complex risks. In addition, the management of such risks, including transformation, can be related with top-down and bottom-up approaches with co-development as the link between both.
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