WFE Webinar
Escape from model land: a conversation with Dr Erica Thompson around the appropriate use of mathematical modelling to support real-world decisions
Date:April 26, 2023 Time:13:00-14:00 UTC
Moderator: Dr Pedro Gurrola-Perez, Head of Research, The World Federation of Exchanges
Presenter: Dr Erica Thompson, Senior Policy Fellow in Ethics of Modelling and Simulation at the LSE Data Science Institute
Summary: Dr Thompson works on the appropriate use of mathematical modelling, from mathematical and statistical questions about how we make inferences from models, to psycho-social questions about the formation of confidence and the role of expert judgement. We will talk with Dr Thompson about what we can learn from her recent book, Escape From Model Land, in the context of risk modelling and policy making within the exchange industry.
Format: There will be a 40 min conversation followed by an audience Q&A.
This is a members-only event. Feel free to share with colleagues inside your organisation who may be interested.
Please note that all webinars/conferences are recorded and will be available for the WFE members in the members’ area of the WFE website.
Pedro joined the World Federation of Exchanges in October 2019 from the Bank of England, where he led the Financial Market Infrastructures Directorate’s Research Team. He had joined the Bank of England in 2013, after two years at the UK Financial Services Authority. Previously, Pedro spent more than 15 years lecturing and doing research at a range of well-regarded academic institutions, including the University of Barcelona and the Instituto Tecnológico Autónomo de México (ITAM).
Pedro holds two PhDs: one from the University of Barcelona, Spain, and one from the University of Montpellier, France, and has published across key academic journals, including the Journal of Financial Market Infrastructures, the Journal of Risk, International Finance and the Journal of Futures Markets. His recent work includes research on the economics of distributed ledger technologies (DLT) for securities settlement, on the network structure of settlement fails and on market liquidity risk in CCPs. He has also published research on payment systems, back-testing methodologies and on the structure of interest rate futures markets. In 2007 he received the National Award on Derivatives Research, awarded by the Mexican Derivatives Exchange (MexDer).
Dr Erica Thompson is an Associate Professor of Modelling for Decision Making at UCL’s Department of Science, Technology, Engineering and Public Policy, where she works on a programme of research funded by a UKRI Future Leaders Fellowship. She is also a Fellow of the London Mathematical Laboratory, and a Visiting Senior Fellow at the LSE Data Science Institute. Dr Thompson works on the appropriate use of mathematical modelling to support real-world decisions, from mathematical and statistical questions about methodologies of inference from models, to psycho-social questions about the formation of confidence and the role of expert judgement. Escape From Model Land, her book exploring these issues, was published in 2022.
