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FuturICT: An economic and financial exploratory

FuturICT: An economic and financial exploratory | FuturICT Journal Publications | Scoop.it
S. Cincotti, D. Sornette, P. Treleaven, S. Battiston, G. Caldarelli, C. Hommes, A. Kirman

This paper describes the vision of a European Exploratory for economics and finance using an interdisciplinary consortium of economists, natural scientists, computer scientists and engineers, who will combine their expertise to address the enormous challenges of the 21st century. This Academic Public facility is intended for economic modelling, investigating all aspects of risk and stability, improving financial technology, and evaluating proposed regulatory and taxation changes. The European Exploratory for economics and finance will be constituted as a network of infrastructure, observatories, data repositories, services and facilities and will foster the creation of a new cross-disciplinary research community of social scientists, complexity scientists and computing (ICT) scientists to collaborate in investigating major issues in economics and finance. It is also considered a cradle for training and collaboration with the private sector to spur spin-offs and job creations in Europe in the finance and economic sectors. The Exploratory will allow Social Scientists and Regulators as well as Policy Makers and the private sector to conduct realistic investigations with real economic, financial and social data. The Exploratory will (i) continuously monitor and evaluate the status of the economies of countries in their various components, (ii) use, extend and develop a large variety of methods including data mining, process mining, computational and artificial intelligence and every other computer and complex science techniques coupled with economic theory and econometric, and (iii) provide the framework and infrastructure to perform what-if analysis, scenario evaluations and computational, laboratory, field and web experiments to inform decision makers and help develop innovative policy, market and regulation designs.

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JOURNAL: THE EUROPEAN PHYSICAL JOURNAL SPECIAL TOPICS  Vol. 214 (November II 2012)"Participatory Science and Computing for Our Complex World".

http://epjst.epj.org/index.php?option=com_toc&url=/articles/epjst/abs/2012/14/contents/contents.html

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Introduction: The FuturICT knowledge accelerator towards a more resilient and sustainable future - Dirk Helbing

Introduction: The FuturICT knowledge accelerator towards a more resilient and sustainable future - Dirk Helbing | FuturICT Journal Publications | Scoop.it
The FuturICT project is a response to the European Flagship Call in the Area of Future and Emerging Technologies, which is planning to spend 1 billion EUR on each of two flagship projects over a period of 10 years.

FuturICT seeks to create an open, global but decentralized, democratically controlled information platform that will use online data and real-time measurements together with novel theoretical models and experimental methods to achieve a paradigm shift in our understanding of today’s strongly interdependent and complex world and make our techno-socio-economic systems more flexible, adaptive, resilient, sustainable, and livable through a participatory approach.
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JOURNAL: THE EUROPEAN PHYSICAL JOURNAL SPECIAL TOPICS  Vol. 214 (November II 2012)

"Participatory Science and Computing for Our Complex World".

http://link.springer.com/journal/11734/214/1/page/1

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Physics peeks into the ballot box | Print Edition - Physics Today

Physics peeks into the ballot box | Print Edition - Physics Today | FuturICT Journal Publications | Scoop.it

PHYSICS PEEKS INTO THE BALLOT BOX

Santo Fortunato and Claudio Castellano

 

In different countries and over time, electoral features such as statistics of candidates’ performance and turnout rates show universal behaviors. Are voters as predictable as atoms?

 

Santo Fortunato is an associate professor in the department of biomedical engineering and computational science at Aalto University in Espoo, Finland, and a research leader at the Complex Networks and Systems Lagrange Laboratory of the Institute for Scientific Interchange in Turin, Italy.

 

Claudio Castellano is a research scientist at the Italian National Research Council’s Institute for Complex Systems at Sapienza University of Rome 

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FuturICT: Accelerating scientific discovery by formulating grand scientific challenges: Dirk Helbing

FuturICT: Accelerating scientific discovery by formulating grand scientific challenges: Dirk Helbing | FuturICT Journal Publications | Scoop.it

by Dirk Helbing

 

One important question for science and society is how to best promote scientific progress. Inspired by the great success of Hilbert’s famous set of problems, the FuturICT project tries to stimulate and focus the efforts of many scientists by formulating Grand Challenges, i.e. a set of fundamental, relevant and hardly solvable scientific questions.

FuturICT's insight:

JOURNAL: THE EUROPEAN PHYSICAL JOURNAL SPECIAL TOPICS  Vol. 214 (November II 2012)"Participatory Science and Computing for Our Complex World".

http://epjst.epj.org/index.php?option=com_toc&url=/articles/epjst/abs/2012/14/contents/contents.html

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THE FUTURICT FET FLAGSHIP SUBMISSION to the European Commission

THE FUTURICT FET FLAGSHIP SUBMISSION SUMMARY DOCUMENT


FUTURICT is one of the 6 flagships which were funded over a duration of 12 months starting from May 2011.

 

These flagship pilots aim to create a design and description of consolidated candidate FET Flagship Initiatives, including assessment of feasibility in scientific, technical and financial terms.

 

On October 23, the FUTURICT Flagship Pilot presented its integrated research agenda, including the involvement and commitment from key stakeholders to the European Commission. 

 

By the end of 2012 to beginning of 2013, at least two of the Pilots are expected to be chosen to be launched as full FET Flagship Initiatives.

 

FUTURICT is a FET Flagship project using collective, participatory research, integrated across the fields of ICT, the social sciences and complexity science, to design socio-inspired technology and develop a science of global, socially interactive systems.

 

The FUTURICT project will bring together, on a global level, Big Data, new modelling techniques and new forms of interaction, leading to a new understanding of society and its co-evolution with technology.

 

This will place Europe at the forefront of a major scientific drive to understand, explore and manage our complex, connected world in a more sustainable and resilient manner.

The unifying goal of the FUTURICT FET flagship is to integrate the fields of information and communication technologies (ICT), social sciences and complexity science, to develop a new kind of participatory science and technology that will help us to understand, explore and manage the complex, global, socially interactive systems that make up our world today, while at the same time paving the way for a new paradigm of ICT systems that will leverage socio-inspired self-organisation, self-regulation, and collective awareness.

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