Video recording
The invited guests are (apologies that the video miss the introduction of the panelists):
1. Gary Klein, ShadowBox LLC
2. Gesa Praetorius, Linnaeus University – How to train for hedging? Especially the redistribution/reorganization of roles and resources
3. Emilie Roth, Roth Cognitive Engineering — An example of bet hedging in Army Aviation
4. Paul Reed from Netflix
5. Per Morten Schiefloe, Norwegian University of Technology and Science, NTNU Social Research
6. Joel Suss, Wichita State University — How do people actually hedge their bets? Joel will explore this in the context of law enforcement where actions are often scrutinized and evaluated via hindsight.
The discussion will open with the proposal that Bet Hedging:
(a) is a point of overlap between NDM and RE,
(b) it is a general finding for all human systems,
(c) it is necessary part of coping with any crisis/surprise event (during, before, and after, such as the current pandemic and recent Texas energy collapse, unexpected consequences of emerging technologies), and
(d) it is a general property for all adaptive systems in the biological sphere, which includes people and human systems.
David Woods will present this perspective followed by a panel who will comment on Bet Hedging in light of current surprise events. The goal is to start a dialogue to identify issues that could become sessions at the joint RE/NDM/FONCSI/ICSI symposium. These sessions could focus on specific themes and puzzles about Bet Hedging and on how bet hedging findings/strategies reveal post-shock opportunities in different specific industries. We invite participants to view a 6 minute video David prepared that proposes a synthesis of findings from NDM and CSE studies as a launching point — is this synthesis reasonable or in need of revision?
A written version is available in the last section of Woods’ June 2020 article on the pandemic response in the US “Bets against the Odds in a Pandemic: which of the three Coronavirus bets are you willing to gamble on?”
Click here to register in advance to the talk.
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