The Collaborative Research Center is an interdisciplinary endeavor aiming to develop basic concepts and theories for dealing with "good" and "bad" uncertainty. The new insights shall be applied to unsolved problems in various fields of economics and the natural sciences, especially in biology and physics. The CRC consists of 17 projects, most of which are located at the Faculty of Mathematics, but also at the Center for Mathematical Economics, the Faculty of Physics, and the Faculty of Technology. The funding is provided by the German Science Foundation and amounts to about 10 million Euro for the first four years. In particular, it covers 13 doctorate posts and 13 postdoc positions.
"On the one hand, the CRC wants to tame uncertainty and, on the other hand, profit from randomness, and use it wisely," explains SFB spokesman Röckner. There are uncertainties beyond probability-descriptive randomness. Such model uncertainties played a major role in the financial crisis, as investment banks misinterpreted ratings as accurate probabilities.
|João Pedro Ramos|
University of Bonn
Institute of Science and Technology Austria
Dec 06, 2018 – Dec 08, 2018
Organizers: Michael Baake, Franz Gähler, Dan Rust
Dec 14, 2018 – Dec 15, 2018
Location: Hamilton Centre, Brunel University
Organizers: Gernot Akemann, Igor Krasovsky, Dmitry Savin, Igor Smolyarenko
Dec 17, 2018 – Dec 18, 2018
Location: Bielefeld University
Organizers: Herbert Dawid, Peter Kort