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Professor Doyne Farmer, Oxford University: The danger of systemic crises

At the Centre for Risk Studies’ 4th Annual Meeting, leaders and decision makers from business, government, inter-governmental organisations, academia and NGOs explored the links between risk and strategy.

Challenging the customary perception that risk is the threat of loss with predominantly negative undertones, the annual conference encouraged broader discussion about opportunities that emerge in a risky environment.

J. Doyne Farmer is Professor of Mathematics and Co-Director of Complexity Economics at the Institute for New Economic Thinking, Oxford Martin School, University of Oxford. He argues that the danger of systemic crises is heightened in an increasingly complex world with progressively strong links between parts of the world.