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DTSTART;TZID=Europe/London:20251014T093000
DTEND;TZID=Europe/London:20251014T113000
DTSTAMP:20260415T164054
CREATED:20250930T104834Z
LAST-MODIFIED:20250930T114626Z
UID:807-1760434200-1760441400@www.marketmind.org
SUMMARY:Chew Soo Hong Guest Lecture - Intelligence Darwinism - Brain Plasticity\, Consciousness\, and Survival of the Smartest
DESCRIPTION:Please make sure to RSVP below \nPlease join us for a guest lecture from Chew Soo Hong in EFI room 4.60 \nRegistration from 9.30AM; \nTalk from 10:00-10.45AM; \nQ&A from 10.45-11:30AM \nIntelligence Darwinism \nBrain Plasticity\, Consciousness\, and Survival of the Smartest \nChew Soo Hong \nNational University of Singapore \nSouthwestern University of Finance and Economics – Center for Intelligence Economic Science (IES) \nhttp://ies.swufe.edu.cn \n  \nIn The Principles of Psychology\, James (1890) describes consciousness as a “stream” – a continuous\, dynamic process that facilitates the perception of the environment. In Why Consciousness\, Aumann (2024) argues that such consciousness evolved to enable the experience of incentives\, underpinning goal seeking behavior such as preference maximization implicit in economic decision making. Aumann leaves open the question of “How” which we address by relying on brain plasticity at the synaptic level. We hypothesize that the experience of incentive emerges from the modulation of synaptic plasticity respectively by the gain and loss oriented neuromodulators of dopamine and serotonin. Working in tandem with another pair of neuromodulators\, acetylcholine and norepinephrine which modulate top-down attention and bottom-up salience respectively yields a stimulus-driven sensory component to how we perceive choice situations\, leading to inherently context-sensitive decision making behavior. \nBrain plasticity at the synaptic level yields a measure of brain’s information capacity (BIC)\, the ability to store and retrieve information through dynamic synaptic connectivity. The resulting relation between BIC and the evolution of cephalized animals\, from C. Elegans (302 neurons; 7000 synapses) to humans (86 billion neurons\, hundreds of trillions of synapses) motivates our definition of (goal) intelligence (GI) in terms of the animal’s ability to make quality decisions to attain goals. Observe that GI applies naturally to research in economics\, business\, and social sciences in general where decision quality has a pivotal role. Extending GI to collective intelligence (CI) leads to a deeper understanding of adaptation in terms of matching CI with environment for the species. This Intelligence Darwinism shapes natural selection through inter- and intra-species competition thereby delivering survival of the smartest.
URL:https://www.marketmind.org/event/chew-soo-hong-guest-lecture-intelligence-darwinism-brain-plasticity-consciousness-and-survival-of-the-smartest/
LOCATION:Room 4.60 – Edinburgh Futures Institute\, 1 Lauriston Place\, Edinburgh\, Scotland\, EH3 9EF\, United Kingdom
CATEGORIES:Events
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2025/09/Chew-Hong.png
ORGANIZER;CN="Patrick Schotanus":MAILTO:marketmind@ed.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=Europe/London:20231205T170000
DTEND;TZID=Europe/London:20231205T200000
DTSTAMP:20260415T164054
CREATED:20231029T164753Z
LAST-MODIFIED:20231129T154947Z
UID:512-1701795600-1701806400@www.marketmind.org
SUMMARY:Professor Deirdre McCloskey – Inaugural MMH guest lecture
DESCRIPTION:We are delighted to welcome Professor Deirdre McCloskey to present the Inaugural MMH guest lecture to celebrate the tercentenary of the birth of Adam Smith. \nDeirdre McCloskey is a distinguished scholar and Isaiah Berlin Chair in Liberal Thought at the Cato Institute and Professor Emerita of Economics and of History\, and Professor Emerita of English and of Communication\, adjunct in classics and philosophy\, at the University of Illinois at Chicago. Trained at Harvard in the 1960s as an economist and having taught at the University of Chicago in the Economics Department during its glory days\, she has written twenty-four books and some four hundred academic and popular articles. Deirdre is a pioneer in so many ways\, especially concerning her heterodox economic work\, for example on humanomics. \nThis event is a unique opportunity to listen\, in person\, to a living-legend and one of the most prominent thinkers in heterodox economics as she shares her views on Adam Smith\, economics\, (in)equality\, liberalism\, markets\, society\, and more. \n— \nTuesday\, 05/12/2023 at 18:00 (Registration from 17:00) \nVenue: Auditorium of the Business School\, University of Edinburgh (UEBS) – 29 Buccleuch Place\, Edinburgh EH8 9JS \nPlease sign up for your free tickets below\, we anticipate this event filling up quickly\, so please act fast and only book tickets if you are sure you will be able to attend. If you are no longer able to attend\, please email marketmind@ed.ac.uk to let us know. \nOrganiser: Patrick Schotanus \nDepartment: Market Mind Hypothesis Research Programme; Edinburgh Futures Institute (University of Edinburgh). \n— \nWe may take pictures at our events for use by The Market Mind Hypothesis group and our partners and sponsors. If you would prefer not to appear in photos\, please tell one of our events team on the day or email marketmind@ed.ac.uk.
URL:https://www.marketmind.org/event/professor-deirdre-mccloskey-inaugural-mmh-guest-lecture/
LOCATION:Auditorium of the Business School\, University of Edinburgh (UEBS)\, 29 Buccleuch Place\, Edinburgh\, EH8 9JS\, United Kingdom
CATEGORIES:Events
ATTACH;FMTTYPE=image/jpeg:https://www.marketmind.org/wp-content/uploads/2023/10/Deirdre-McCloskey-scaled-e1698916752136.jpg
ORGANIZER;CN="Patrick Schotanus":MAILTO:marketmind@ed.ac.uk
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20231115
DTEND;VALUE=DATE:20231116
DTSTAMP:20260415T164054
CREATED:20250407T174452Z
LAST-MODIFIED:20250407T174452Z
UID:800-1700006400-1700092799@www.marketmind.org
SUMMARY:Patrick Schotanus at The Library of Mistakes
DESCRIPTION:Patrick Schotanus recently gave a talk about the Market Mind Hypothesis and his new book at The Library of Mistakes. \nYou can watch the recording of the talk here\, or alternatively the talk is also available in podcast form. \nIn this session Patrick outlines some of the areas of conventional economics which the MMH is currently questioning\, and offers some background on how the MMH sees issues such as the global financial crisis and other financial crises\, as well as the blending of different scientific disciplines to reach better conclusions\, and more. The session also includes an interview and Q&A. \nThe Library of Mistakes is a long time supporter of the Market Mind Hypothesis\, you can find out more about them\, and register for free\, on their website.
URL:https://www.marketmind.org/event/patrick-schotanus-at-the-library-of-mistakes/
LOCATION:Library of Mistakes\, 33A Melville Street Lane\, Edinburgh\, EH3 7QB\, United Kingdom
ATTACH;FMTTYPE=image/jpeg:https://www.marketmind.org/wp-content/uploads/2023/12/lom-macneill-150-1200.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220523
DTEND;VALUE=DATE:20220525
DTSTAMP:20260415T164054
CREATED:20250407T171300Z
LAST-MODIFIED:20250407T171300Z
UID:772-1653264000-1653436799@www.marketmind.org
SUMMARY:Market Mind Hypothesis Inaugural Symposium
DESCRIPTION:23-24 May 2022\nPanmure House\, Edinburgh \n\n\n\n\n\n\nSymposium Overview\nHonouring and building on this legacy\, the Edinburgh Business School is establishing a new research programme in cognitive economics. To inaugurate this significant milestone\, we’re organising a two-day symposium\, kindly supported by Walter Scott & Partners. We are privileged to be able to host the event in Panmure House\, the last and only remaining residence of Smith\, where he wrote the final editions of his famous works and invited other luminaries for dinner discussions. \nWith this inspiring background\, an eclectic group of multidisciplinary academics\, investors and policymakers have been invited to the symposium to pursue new enlightenment in economics. \nSchedule\n\nEight sessions over two days\nEach session partners two speakers and\, led by the discussant and the chair\, culminates in a Q&A with the audience\nLunch and two coffee breaks\nSymposium dinner\n\nPlease see the agenda here. \n\n\n\n\nOur Speakers\n\nVivienne Brown (Professor of Philosophy & Intellectual History; The Open University).\nNick Chater (Professor of Behavioural Science; University of Warwick).\nEmanuel Derman (Professor of Financial Engineering; Columbia University).\nSheila Dow (Professor of Economics; University of Stirling)\nKarl Friston (Professor of Neuroscience; UCL)\nGerd Gigerenzer (Director of the Harding Center for Risk Literacy; University of Potsdam).\nDylan Grice (Co-founder of investment firm Calderwood Capital)\nJohn Kay (Economist and Fellow of St John’s College\, Oxford University)\nAnatole Kaletsky (Co-founder and Chairman of investment firm GaveKal)\nScott Kelso (Professor of Complex Systems and Brain Sciences; Florida Atlantic University)\nJulian Kiverstein (Professor of Neurophilosophy; University of Amsterdam).\nHoward Marks (Co-founder and co-chairman of investment firm Oaktree Capital Management).\nGeoff Mulgan (Professor of Collective Intelligence\, Public Policy and Social Innovation; University College London).\nSøren Overgaard (Professor of Philosophy; University of Copenhagen).\nDuncan Pritchard (Professor of Philosophy; UC Irvine).\nKiril Sokoloff (Chairman and Founder of investment firm 13D Research).\nShannon Vallor (Professor in Ethics of Data and Artificial Intelligence; University of Edinburgh).
URL:https://www.marketmind.org/event/market-mind-hypothesis-inaugural-symposium/
LOCATION:Panmure House\, Panmure House\, 4 Lochend Close\, Edinburgh\, EH8 8BL\, United Kingdom
ATTACH;FMTTYPE=image/jpeg:https://www.marketmind.org/wp-content/uploads/2022/05/Panmure_House.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220520
DTEND;VALUE=DATE:20220521
DTSTAMP:20260415T164054
CREATED:20250407T173759Z
LAST-MODIFIED:20250407T173920Z
UID:796-1653004800-1653091199@www.marketmind.org
SUMMARY:Pre-Symposium Material: Download Files
DESCRIPTION:With the symposium nearly upon us\, it’s finally time for us to release the relevant papers and slides submitted by our keynote speakers. Click on the below links to download each speaker’s respective files. \nDownload the papers here.
URL:https://www.marketmind.org/event/pre-symposium-material-download-files/
LOCATION:Scotland
ATTACH;FMTTYPE=image/jpeg:https://www.marketmind.org/wp-content/uploads/2022/05/Interpretation_Suite-scaled-e1652895458734.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220519
DTEND;VALUE=DATE:20220520
DTSTAMP:20260415T164054
CREATED:20250407T173639Z
LAST-MODIFIED:20250407T173639Z
UID:794-1652918400-1653004799@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 8
DESCRIPTION:Howard Marks \n\n\n\n\nSession 8a ‘A fireside interview with Howard Marks about his memos and other reflections’ \nSpeaker: Howard Marks; Co-founder and co-chairman of investment firm Oaktree Capital Management. \nThis fireside interview with Howard Marks will be anything but calming as we expect an inferno of thought\, idea and action to ensue. \nHoward Marks is an American investor and writer. Marks is the co-founder and co-chairman of Oaktree Capital Management\, the largest investor in distressed securities worldwide. He is admired in the investment community for his ‘memos’\, which detail his investment strategies and insight into the economy and are posted publicly on the Oaktree website. \nPersonal Reflections from Patrick Schotanus: \n“Howard is a leading member of that golden generation of hedge fund managers which also includes\, for example\, Paul Tudor-Jones\, Julian Robertson\, and George Soros. Famous for his insightful memos\, read by many professional investors\, Howard uniquely conveys what it’s really like to be in the market with skin-in-the-game. Always modest about their value\, his gems deserve much more exploration\, especially by cognitive scientists. It was an absolute delight and honour to interview Howard for our symposium. What can you expect? Not surprisingly\, we talked about a wide variety of subjects\, like his concept of the “pendulum”\, flaws of the EMH (and mechanical economics generally)\, and—importantly—the market mind and its mood.” \n\n \nDylan Grice \n\n\n\n\nSession 8b ‘What if the Market Mind Hypothesis is correct?’ \nSpeaker: Dylan Grice; Co-founder of investment firm Calderwood Capital \nDylan Grice is the co-founder of Calderwood Capital and author of the highly-respected macro research publication Popular Delusions. Dylan started his career at Dresdner Kleinwort Benson in 1997 in the Quant\, Strategy and Economics group before moving to Société Générale’s highly regarded global strategy team. He was the top ranked sell-side analyst for several years before leaving for Switzerland. \nPersonal reflections from Patrick Schotanus: \n“When Dylan appeared on the sell-side scene\, he not only had to team up with the most famous bear (Albert Edwards) but also had some big shoes to fill\, namely those left by James Montier. He handled it impressively\, developing his own style of discussing investment topics and making bold calls (e.g. long-term weakening yen). Late last year he showed his philosophical side by sharing his reflections on Epictetus in his Popular Delusions. For our symposium I set Dylan a difficult challenge which he courageously accepted: attempting to answer the question “What if the MMH is correct?” If anybody can handle this challenge\, it’s Dylan.” \n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-8/
LOCATION:Scotland
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2022/05/Speakers_8.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220518
DTEND;VALUE=DATE:20220519
DTSTAMP:20260415T164054
CREATED:20250407T173526Z
LAST-MODIFIED:20250407T173526Z
UID:792-1652832000-1652918399@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 7
DESCRIPTION:Sheila Dow \n\n\nSession 7a ‘Cognition and Sentiment: from Adam Smith to the future of Economics’ \nSpeaker: Sheila Dow; Professor of Economics\, University of Stirling \n\n\n\n\n“…At the beginnings of modern economics\, Adam Smith\, with David Hume\, had developed a theory of human nature\, including a theory of mind\, as providing the basis for all knowledge under conditions of uncertainty…Here we attempt to take these ideas forward in order to address the systemic and structural issues faced by modern economies. The reference point for this discussion is the Market Mind Hypothesis\, including the notion of a practical mind/body duality.” \n\n\n\n\n\n\n\n\nSheila Dow is Professor Emeritus of Economics at the University of Stirling\, Scotland and adjunct Professor of Economics at the University of Victoria in Canada. Her main research focus is on the fields of the methodology of economics\, the history of economic thought\, money and banking\, and macroeconomics. We look forward to welcoming her fresh take on economics at the MMH symposium. \nPersonal reflections from Patrick Schotanus: \n“Sheila has published papers on numerous heterodox topics that are relevant for the MMH. One\, for example\, discussed the work by others on Freud and his relevance for economics. I commented to her\, for example\, that Freud has nothing to say about numbers (kind of important in investing e.g. prices)\, whereas Jung (inspired by his friendship and collaboration with the physicist and Nobel laureate Wolfgang Pauli) realised that the numerical archetypes are the prime archetypes which we related in our research to the modern cognitive concept of number sense. We met and discussed this and other topics at the INET conference in Edinburgh in 2017\, like heterodox theories generally about which she wrote an excellent overview. At the symposium I’m looking forward to her discussion of science’s separation issue as well as Hayek’s “practical dualism”.” \n  \n\n \nDuncan Pritchard \n\n\n\n\n\n\n\nSession 7b ‘Sociotechnical Extended Market Knowledge’ \nSpeaker: Duncan Pritchard; UC Distinguished Professor of Philosophy\, UC Irvine \n“Our interest is in understanding the ‘market mind’ as a sociotechnical cognitive system\, akin to the kind of sociotechnical cognitive systems that we find in certain kinds of highly collaborative and technologically dependent scientific inquiry…” \n\n\n\n\n\n\n\n\nDuncan Pritchard; UC Distinguished Professor of Philosophy\, UC Irvine. Duncan mainly works in epistemology\, and has written on most of the topics in this field\, including scepticism\, theory of knowledge\, virtue epistemology\, modal epistemology\, epistemic luck/risk\, social epistemology\, understanding\, inquiry\, and know-how. Duncan’s expertise bring crucial scope to the Market Mind Hypothesis theory. \n\n\n\n\n\nPersonal reflections from Patrick Schotanus: \n“Epistemology is crucial for economics\, if only to judge mainstream’s claims of complete or perfect knowledge. Some acknowledged this. Reflecting on what economics attempts to do\, Frank Knight (1925)\, for example\, exclaimed “From a logical point of view therefore\, one who aspires to explain or understand human behaviour must be\, not finally but first of all\, an epistemologist”. There is IMMO no better epistemologist than Duncan. He introduced me to topics like epistemic luck/risk and value-driven epistemology. He also arranged for my first (visiting) scholarship at the University of Edinburgh\, recognising early on the relevance of the concept of the market mind in the context of 4E cognition. His talk about market knowledge from a sociotechnical perspective fits our theme and audience.” \n\n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-7/
LOCATION:Scotland
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2022/05/Speakers_7.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220518
DTEND;VALUE=DATE:20220519
DTSTAMP:20260415T164054
CREATED:20250407T173347Z
LAST-MODIFIED:20250407T173347Z
UID:789-1652832000-1652918399@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 6
DESCRIPTION:Julian Kiverstein \n\nSession 6a ‘Making sense of market moods’  \nSpeaker: Julian Kiverstein; Professor of Neurophilosophy\, University of Amsterdam \n\n\n\n\n“…In this talk I will ask whether market moods\, such as exuberance or despair\, can be understood as emergent properties. These are experiences that investors get caught up in. Once they emerge\, they seem to take on a life of their own with investors either rushing to buy or sell. Could we think of market moods as example of what enactive cognitive scientists call ‘participatory sense-making’?” \n\nJulian Kiverstein is currently writing a monograph entitled ‘The Signifigance of Phenomenology’ for Palgrave Macmillian\, and editing a comprehensive handbook for Routledge Taylor Francis on the philosophy of the social mind. In his talk Julian is set to bridge the gap between neurophilosophy and economics\, examining the true consciousness of the market and how this exhibits itself real-time. \n\nPersonal reflections from Patrick Schotanus: \n“Together with one of his collaborators\, Michael Kirchhoff\, Julian has done some of the most important work on extended consciousness. As I have argued in my primer\, quoting them\, with interacting (e.g. exchanging) humans the resultant conscious experience depends on the states of more than one embodied agent\, and in this sense becomes shared\, i.e. intersubjective. With his background as a philosopher focused on 4E cognition\, and somebody who has collaborated with experts from other fields\, including neuroscientists\, Julian knows like no other how important our research programme in cognitive economics will be. His presentation will be enlightening to many.” \n\n \nAnatole Kaletsky \n\n\n\nSession 6b ‘The Four Ages of Capitalism: why collective economic thinking keeps changing\, while individual human thinking does not.’ \nSpeaker: Anatole Kaletsky; Co-founder and Chairman of investment firm GaveKal \n\n\n\n\n“…fundamental difference exists between the collective behaviour of the economy and the individual behaviour of the people of whom the economy is comprised. If so\, then the effort which has dominated economic theory since the 1960s to “discover” the micro-foundations of macro-economics\, whether Keynesian or monetarist or Hayekian\, is a category error and a fool’s errand.” \n\n\n\n\nAn established and renowned economist\, Anatole Kaletsky is chairman and chief economist of Gavekal Dragonomics\, an economic consulting and asset management company based in Hong Kong and Beijing. Anatole was the first chairman of the Institute for New Economic Thinking (INET) and is now on the boards of INET and the Open Society Foundations. \nPersonal reflections from Patrick Schotanus: \n“Anatole is one of the most astute economic observers. More Keynsian minded\, he regularly reflects opinions I disagree with\, which is why I read his analyses because he is often also right. Regarding my research\, I owe a lot to Anatole. He invited me—a nobody in academia and investing—to INET’s highly selective inaugural symposium in Cambridge in 2010. As readers can see from the other comments\, at INET’s conferences I met a number of our other speakers. Moreover\, Anatole introduced me to George Soros at that conference. With a large gap\, it eventually resulted in our recent reflexivity paper (under review)\, co-authored with Ron Chrisley\, Andy Clark\, Duncan Pritchard\, and Aaron Schurger\, that George favourably commented on. Anatole’s talk on the microfoundations of economics is central to the critique by the MMH.” \n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-6/
LOCATION:Scotland
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2022/05/Speakers_6-1.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220518
DTEND;VALUE=DATE:20220519
DTSTAMP:20260415T164054
CREATED:20250407T173037Z
LAST-MODIFIED:20250407T173037Z
UID:787-1652832000-1652918399@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 5
DESCRIPTION:Gerd Gigerenzer \n\n\n\n\nSession 5a ‘Homo Heuristics: Decision Making Under Radical Uncertainty’ \nSpeaker: Gerd Gigerenzer; Director of the Harding Center for Risk Literacy\, University of Potsdam \n\n\n\n\n“Should risk and uncertainty be differentiated? What is “rational” decision making under uncertainty? In this talk\, I will answer “yes” to the first question: the best decision in situations of known risks is not necessarily the best one under uncertainty…” \n\n\n\n\n\n\n\n\nGerd Gigerenzer is Director of the Harding Center for Risk Literacy at the University of Potsdam\, Director emeritus at the Max Planck Institute for Human Development\, and partner of Simply Rational – The Institute for Decisions. \nPersonal reflections from Patrick Schotanus: \n“It is well known that Gerd is a critic of the dual process (or systems) model of thinking\, popularised by Daniel Kahneman. I got first exposed to Gerd’s alternative views via his book Gut Feelings: The Intelligence of the Unconscious. It has this beautiful\, almost Jungian quote in there: “[M]uch of our mental life is unconscious\, based on processes alien to logic: gut [instincts]\, or intuitions. . . . We sense that the Dow Jones will go up . . . Where do these . . . come from?” I consequently invited Gerd as one of my external advisors of my PhD. We first met at the INET Conference in Berlin in 2012. Apart from sharing his views on the homo heuristicus at the symposium\, what is of most interest to the MMH—in the spirit of Frank Knight—is Gerd’s acknowledgement of the distinction between risk and uncertainty.” \n\n \nEmanuel Derman \n\n\n\n\n\nSession 5b ‘Ways of Knowing’ \nSpeaker: Emanuel Derman; Professor of Financial Engineering\, Columbia University \n“Financial Models are mere metaphors\, idealisations that always sweep dirt under the rug. Good models and good modellers have an obligation to make the dirt explicit” \nThe next talk will be led by Emanuel Derman\, author of ‘Models Behaving Badly’ and professor of Financial Engineering at Columbia University. Shining a light on the good\, the bad and the ugly in the world of financial models; what works and what doesn’t. \n\nPersonal Reflections from Patrick Schotanus: \n“Emanuel was one of the external advisors to my PhD\, which was sponsored by my employer at the time\, Aegon Asset Management. I personally met him on a trip to NYC when he was Head of Risk at Prisma Capital Partners (which was co-owned by Aegon\, later sold to KKR). We quickly went into a deep-dive\, as he was writing his next best-seller Models.Behaving.Badly. While I got exposed to much of Emanuel’s best known work in quantitative finance\, for example during my MFE study at UC Berkeley\, I have always been most impressed by (and interested in) his more qualitative reflections\, exemplified by his commemoration to his colleague and friend\, the late Fischer Black\, as well as his paper on “intrinsic time”.” \n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-5/
LOCATION:Scotland
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2022/05/Speakers_5.png
END:VEVENT
BEGIN:VEVENT
DTSTART;VALUE=DATE:20220518
DTEND;VALUE=DATE:20220519
DTSTAMP:20260415T164054
CREATED:20250407T172420Z
LAST-MODIFIED:20250407T172420Z
UID:784-1652832000-1652918399@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 4
DESCRIPTION:Sir John Kay CBE \nSession 4a ‘The map is not the territory’ \nSpeaker: John Kay; Economist and Fellow of St John’s College\, Oxford University \n\n\n\n\n“…There is no single theory\, descriptive or normative\, which will explain market behaviour. We need a variety of models each providing perspectives on what we observe and how we should behave. Economic models\, like maps\, are purpose specific simplifications.” \n\n\n\n\n\n\n\n\n\nJohn Kay is one of Britain’s leading economists. His work is centred on the relationships between economics\, finance and business. His career has spanned academic work and think tanks\, business schools\, company directorships\, consultancies and investment companies. \nPersonal reflections from Patrick Schotanus: \n“John is one of the UK’s leading economists. He’s the recipient of an honorary degree from HWU and has been closely involved in the rebirth of Panmure House. Importantly he has been a forceful advocate to revisit the messages of Smith’s Theory of Moral Sentiments for economics. I first met John at INET’s inaugural conference in Cambridge in 2010. A year later\, at the INET Conference in Bretton Woods (yes\, that one)\, we had a follow-up meeting. That year he also summarised his FT columns into an INET target paper\, arguing the need to revise economics. More recently\, his book on radical uncertainty (co-authored with Mervyn King) is among the favourite topics of the MMH.” \n\nKiril Sokoloff \n\n\n\n\n\nSession 4b  ‘ESG: the green energy transition will take longer than everyone expects’ \nSpeaker: Kiril Sokoloff; Chairman and Founder of investment firm 13D Research and Strategy \n\n\n\n\n\n\nKiril Sokoloff founded 13D Research & Strategy in 1983. For decades\, he has been an active yet low-profile global investment strategist\, thought leader\, and visionary\, advising many of the largest pools of global capital. \n\n\n\n\nPersonal reflections from Patrick Schotanus: \n“While Kiril is highly regarded by a large number of legendary investors (including Howard Marks and Stanley Druckenmiller)\, for me he is a thought leader especially because of his personal story (captured in his book Personal Transformation) which has been so influential for his thinking. We met many years ago when he made one of his too-sparingly visits to Edinburgh. I highly recommend visitors to our website to watch\, for example\, Kiril’s interviews with Stan Druckenmiller\, Sam Zell\, and other investors. At our symposium Kiril will play devil’s advocate to the ESG crowd\, arguing that the green transition will take longer than many expect.” \n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-4/
LOCATION:Scotland
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DTSTART;VALUE=DATE:20220518
DTEND;VALUE=DATE:20220519
DTSTAMP:20260415T164054
CREATED:20250407T172208Z
LAST-MODIFIED:20250407T172208Z
UID:782-1652832000-1652918399@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 3
DESCRIPTION:Vivienne Brown \n\nSession 3a ‘The market’s mind’ \nSpeaker: Vivienne Brown\, Professor of Philosophy & Intellectual History\, The Open University. \n\n\n\n\n“Although the Market Mind Hypothesis posits the two-way premise of market-as-mind and mind-as-market\, the emphasis of Patrick Schotanus’s ‘Cognitive Economics and the Market Mind Hypothesis’ (2022) is directed to the former because its primary concern is with the analysis of financial markets.” \n\n\n\n\n\n\n\n\nVivienne is Emeritus Professor at the Open University\, UK. She has written on Adam Smith\, John Locke\, rights and interpretative methodologies. Her recent and current work proposes a new approach to modelling multiple agents in shared social context\, with applications including shared belief/knowledge\, game theory and the collective action problem. \nPersonal reflections from Patrick Schotanus: \n“Any symposium like this\, held in magnificent Panmure House\, has to have at least one Adam Smith scholar. Vivienne is the perfect speaker in that regard. She has written much about Smith in general. What is particularly relevant are Vivienne’s reflections on intersubjectivity which she shared\, for example\, a couple of years ago at a conference about the connections between Adam Smith and Edmund Husserl. The relevance of intersubjectivity for the MMH is captured well by Yuval Hariri’s description: “The intersubjective is something that exists within the communication network [e.g. the market] linking the subjective consciousness of many individuals”. Vivienne intends to discuss the market mind from that background.” \n\n \n\n\n\n\nSession 3b ‘What is it like to be a group?’ \nSpeaker: Søren Overgaard; Professor of Philosophy\, University of Copenhagen \n“I wish to discuss the idea that groups as such can be conscious\, i.e. can have their own consciousness over and above the consciousness of individual group members. In addressing this question\, some philosophers invoke Ned Block’s famous distinction between ‘access consciousness’ and ‘phenomenal consciousness’ and argue that groups can have the former\, but not the latter.” \n\n\n\n\n\n\n\n\nSøren is the author of Husserl and Heidegger on Being in the World (2004) and Wittgenstein and Other Minds: (2007). Overgaard’s work straddles the analytic-continental divide. His articles have appeared in analytic journals such as Philosophical Studies\, Erkenntnis\, and Synthese\, as well as in continentally oriented journals such as Continental Philosophy Review. Søren Overgaard is currently president of the Nordic Society for Phenomenology\, and along with Komarine Romdenh- Romluc and David Cerbone\, he edits the book series Routledge Research in Phenomenology. \n\n\n\n\n\n\n\n\n\nPersonal reflections from Patrick Schotanus: \n“Søren is an expert on Husserl and is thus also familiar with intersubjectivity. Together with Alessandro Salice he wrote an excellent paper about the Group Mind and consciousness which I regularly cite in my own work. He will discuss this exciting topic in more detail at the symposium. Søren is a staff member of the Center for Subjectivity Research at the University of Copenhagen. They have a multidisciplinary team of distinguished academics doing fascinating stuff. Frankly\, I’m a bit jealous.” \n\n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-3/
LOCATION:Scotland
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20220518
DTEND;VALUE=DATE:20220519
DTSTAMP:20260415T164054
CREATED:20250407T171954Z
LAST-MODIFIED:20250407T171954Z
UID:780-1652832000-1652918399@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 2
DESCRIPTION:Karl Friston \n\nSession 2a ‘Minds\, Markets and Self-evidencing’ \nSpeaker: Karl Friston; Professor of Neuroscience\, University College London \n\n\n\n\n“…On the one hand\, the brain seems to be in the game of optimising beliefs about how its sensations are caused; while\, on the other hand\, our choices and decisions appear to be governed by value functions and reward. Are these formulations irreconcilable\, or is there some underlying information theoretic imperative that renders perceptual inference and decision-making two sides of the same coin?” \n\n\n\n\nKarl Friston is a theoretical neuroscientist and authority on brain imaging. He invented statistical parametric mapping (SPM)\, voxel-based morphometry (VBM) and dynamic causal modelling (DCM). Entirely celebrated in his field\, in 2000 he was President of the international Organization of Human Brain Mapping; in 2003 he was awarded the Minerva Golden Brain Award and was elected a Fellow of the Royal Society in 2006. \n\n\n\n\nPersonal reflections from Patrick Schotanus: \n\n\n\n\n\n\n\n\n\n“Karl and I first met in 2017 at the XPect conference organised by Andy Clark\, here in Edinburgh. During the Q&A I asked Karl whether it was a coincidence that so many cognitive scientists—including Andy and Karl himself\, but also Mike Graziano and Anil Seth who were there—were using economic terms: Andy talks about a “cognitive economy”\, Damasio points out that “attention is a scarce resource”\, and Karl equates “information and value having the same currency”\, etc.) At that time\, we kind of agreed that it isn’t a coincidence. I hope to ask a follow-up question during this symposium’s Q&A.” \n\n \nScott Kelso \n\n\n\n\nSession 2b ‘Coordination Dynamics and The Metastable Mind’ \nSpeaker: Scott Kelso; Professor of Complex Systems and Brain Sciences\, Florida Atlantic University \n\n\n\n\n\n\n\n\n\n“The Market Mind Hypothesis (MMH) raises a provocative question: what kind of mind are we talking about?…” \n\n\n\n\n\nScott Kelso; Professor of Complex Systems and Brain Sciences\, Florida Atlantic University. Scott Kelso’s research is devoted to understanding how human beings (and human brains)—individually and together—coordinate their behaviour on multiple levels\, from cells to cognition to (most recently) social settings. \n\n\n\n\n\n\n\n\n\n\n\nPersonal reflections from Patrick Schotanus: \n“Scott was also one of the external advisors to my PhD. His seminal 1995 book Dynamic Patterns had made a big impact on me. It was—at least for me—the first to use ‘economic language’\, especially ‘competition’ and ‘cooperation’ to explain mental dynamics\, in his case regarding complexity in general and coordination dynamics in particular. We met a few times\, most memorably at a conference organised by the economics department of the University of Essex (where I was doing my PhD in complex psychology). Scott’s descriptions and explanations of our emerging self-awareness\, aha-moments\, and synchronisation of rhythmical movements have been crucial for my research.” \n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-2/
LOCATION:Scotland
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2022/05/Speakers_2.png
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20220517
DTEND;VALUE=DATE:20220518
DTSTAMP:20260415T164054
CREATED:20250407T171759Z
LAST-MODIFIED:20250407T171759Z
UID:778-1652745600-1652831999@www.marketmind.org
SUMMARY:Introducing the Speakers: Session 1
DESCRIPTION:Nick Chater \n\nSession 1A ‘Can cognitive science create a cognitive economics?’ \nSpeaker: Nick Chater \n“…There is a prospect of moving from behavioural economics to a genuinely cognitive economics…” \nOur first speaker of the Symposium is Nick Chater. Nick held chairs at both Warwick and UCL before joining WBS in 2010. Nick holds over 200 publications and 4 national awards for his contribution to psychology research. In answering the posed question Nick will look at three\, key\, productive ways in which cognitive science intersects with economics\, and the promising outcomes they have for the industry. \nPersonal reflections from Patrick Schotanus: \n“For me\, Nick’s 2015 paper (““Can cognitive science create a cognitive economics?”) was one of the first to suggest a proper peak beyond behavioural economics. Namely in a way that emphasises what I like to call the interiority of minds. Like many of our speakers he crosses borders between disciplines and has worked with some of the best in this field. And although his interpretation of cognitive economics (like that of others) differs from that in our programme\, we all are working\, I believe\, to push the envelope of behavioural economics to new frontiers\, beyond identifying new biases\, etc.” \n\n \nSir Geoff Mulgan CBE \n\nSession 1B ‘Collective intelligence\, cognition and the life of real economies.’  \nSpeaker: Geoff Mulgan \n\n\n\n\n“Economics has developed many theories based around information and the signalling of markets. It now needs a broader conception of shared intelligence and its role in the real life of economies.” \n\n\n\n\nSir Geoff Mulgan CBE is Professor of Collective Intelligence\, Public Policy and Social Innovation at University College London (UCL). Prior to that he was Chief Executive of Nesta\, the UK’s innovation foundation (an endowment which grew in worth to around £450m) between 2011 and the end of 2019. Using recent empirical papers Geoff will discuss the frameworks which provide new tools for understanding the mind of the economy\, and beyond this\, methods of intervention to improve the economy’s cognitive capacity. \n\nPersonal Reflections from Patrick Schotanus: \n“I bought Geoff’s book Big Mind simply because of its topics (not knowing who he was; found that out later). His particular angle is the flip-side (but related to) our “market-as-mind”. So\, Geoff and his colleagues at UCL are interested in\, what I like to call\, “mind-as-market”. Specifically\, getting our collective intelligence as efficient as possible. After reading it\, I contacted him in the Spring of 2019 and luck would have it that he was going to visit Edinburgh that summer (at the time in his role of CEO of Nesta). I organised a meeting with Geoff at the business school of the University of Edinburgh\, attended by Ron Chrisley\, Duncan Pritchard\, and Dave Ward (all again participants in this symposium). Another deep-dive unfolded in that meeting\, with early ideas to share research\, etc. It has not only resulted in Geoff speaking at this symposium\, but also in a draft paper that James Clunie and I hope to submit to the journal Collective Intelligence.” \n\n\n\n\n  \n\n\n\n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-session-1/
LOCATION:Scotland
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2022/05/Speakers-Session-1.png
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20220517
DTEND;VALUE=DATE:20220518
DTSTAMP:20260415T164054
CREATED:20250407T171522Z
LAST-MODIFIED:20250407T171522Z
UID:776-1652745600-1652831999@www.marketmind.org
SUMMARY:Introducing the Speakers: Lunch & Evening Sessions
DESCRIPTION:Tobias Adrian \nDay 1 lunch address ‘Global financial stability and market mood’ \nSpeaker: Tobias Adrian; Financial Counsellor and Director of the Monetary and Capital Markets Department\, International Monetary Fund (IMF) \n\n\n\n\nTobias leads the IMF’s work on financial sector surveillance\, monetary and macroprudential policies\, financial regulation\, bank resolution\, debt management\, and capital markets. Prior to joining the IMF\, Mr. Adrian was a Senior Vice President of the Federal Reserve Bank of New York and the Associate Director of the Research and Statistics Group. At the Federal Reserve\, he contributed to monetary policy\, financial stability policies\, and to crisis management. Furthermore\, he has published extensively in economics and finance journals\, including the American Economic Review and the Journal of Finance. \n\n\n\n\nPersonal reflections from Patrick Schotanus: \n“When Tobias was still working at the New York Federal Reserve\, with team members like Zoltan Pozsar (now at Credit Suisse)\, he published a number of insightful papers regarding liquidity\, dealers\, shadow banking\, etc. Much of it was new to me so I send him the occasional email with comments and questions. He now covers markets\, including their stability\, at the IMF\, and will share his latest reflections during a lunch keynote.” \n\nShannon Vallor \nEvening dinner address ‘The AI Mirror: Reclaiming Humane Futures in an Age of Machine Thinking’ \n\n\n\n\nSpeaker: Shannon Vallor; Professor in Ethics of Data and Artificial Intelligence\, University of Edinburgh. \n“Mirror images convey no smell\, no depth\, no softness\, no fear\, no hope\, no imagination. What does the AI mirror erase from us? In this talk I explore the dimensions of our humanity that AI’s transformation of the socioeconomic order makes it harder for us to see in ourselves and in one another\, and why our futures depend upon bringing these vital aspects of our humanity back into view.” \n\n\n\n\n\n\n\n\nShannon Vallor is the Baillie Gifford Professor in the Ethics of Data and Artificial Intelligence in the University of Edinburgh’s Department of Philosophy. She serves as Director of the Centre for Technomoral Futures in the Edinburgh Futures Institute and is a Fellow of the Alan Turing Institute. Professor Vallor’s research includes advising academia\, government and industry on the ethical design and use of AI. \n\n\n\n\nPersonal reflections from Patrick Schotanus: \n“As an expert on the ethics of AI\, Shannon is much in demand. This is not just a leading topic for our times but reaches back to Adam Smith’s moral sentiments. In comments for a special on AI for the Financial Times\, she warned that the concern should not be that AI is becoming too human but that humans are more and more behaving artificially\, forced to adapt to the (e.g. social media) algorithms. She will deliver her keynote during a dinner in Adam Smith’s very own dining room in Panmure House.” \n\nSee the full agenda here | Find the pre-symposium material here
URL:https://www.marketmind.org/event/introducing-the-speakers-lunch-evening-sessions/
LOCATION:Scotland
ATTACH;FMTTYPE=image/png:https://www.marketmind.org/wp-content/uploads/2022/05/Speakers_9-1-1.png
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BEGIN:VEVENT
DTSTART;VALUE=DATE:20220516
DTEND;VALUE=DATE:20220517
DTSTAMP:20260415T164054
CREATED:20250407T164216Z
LAST-MODIFIED:20250407T175452Z
UID:769-1652659200-1652745599@www.marketmind.org
SUMMARY:Symposium Agenda
DESCRIPTION:We’re excited to announce the agenda for the Market Mind Hypothesis Inaugural Symposium. This event will bring together world-leading professionals to discuss one of today’s most promising schools of economic thought. Please see the below agenda for the list of speakers addressing the symposium\, and the timings for both days. \n\n\nDownload the Agenda here
URL:https://www.marketmind.org/event/symposium-agenda/
LOCATION:Scotland
ATTACH;FMTTYPE=image/jpeg:https://www.marketmind.org/wp-content/uploads/2022/05/Panmure_House.jpg
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