Behavioural Science in Fintech: Jochen Leider

Thursday, November 19, 2020 - 12:00pm to 1:30pm 

For this series, UCL FinTech and the UCL behavioural innovations team deliver seminars in the intersection of our fields.

About this Event

Human brains are powerful and flexible cognitive devices that have served humans well as a species. However, dealing with the abstract and the potential is not a strength of brains, in particular with assessing risks that may be very unlikely. Human minds are also less consistent and fast than computers at menial tasks. Last but not least human brains are better at reacting to/assessing evidence and recalling evidence. In this talk, I propose to supplement brains with a particular kind of computer software for the purpose of improving risk analysis, which is affected by the aforementioned shortcomings. Risk Mining is a research program to provide computer-assisted risk analysis capabilities to reduce the influence of human shortcomings in the risk management process.