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Financial complexity: Accounting for fraud -- Response

Abstract:
In our Policy Forum, we argued for the development of a policy dashboard to manage complex financial-economic systems based on an interdisciplinary network analysis and behavioral modeling approach.
The argument about fraud is not one against models or our complexity approach, and economic theory offers ways to investigate what fraud and breaching of trust would do to a system. For example, methods and insight from the theory of evolutionary biology and evolutionary game theory can be used to include agents that “cheat” the system by not following accepted sets of rules in their behavior.
Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1126/science.352.6283.302

Authors

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Institution:
University of Oxford
Division:
MPLS
Department:
Mathematical Institute
Role:
Author


Publisher:
American Association for the Advancement of Science
Journal:
Science More from this journal
Volume:
352
Issue:
6283
Pages:
302
Publication date:
2016-04-15
DOI:
EISSN:
1095-9203
ISSN:
0036-8075


Language:
English
Pubs id:
pubs:617038
UUID:
uuid:076cec37-b534-4736-a6e2-d685dfa001fe
Local pid:
pubs:617038
Source identifiers:
617038
Deposit date:
2016-04-25
ARK identifier:

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