Tatiana Filatova (TU Delft) will present a talk on Wednesday, April 19, 2023 at 3 PM at the Salon.
If you would like to attend the talk, please send an email to office@csh.ac.at.
Title: “Cities, markets and climate change: a complexity perspective”
Abstract:
The 2022 IPCC WGII report is unequivocal: adaptation to climate change is urgent and requires major transformations in society. Cities are epicenters of adaptation to ‘new normal’, both because most of the world population lives there and because our investments in infrastructure lock in developments into long-term pathways that might undermine climate resilience. In this talk I focus on the role of individual decisions (of households, firms) and of social institutions (e.g. markets, social norms) in shaping patterns of risks and in adapting to the changing climate. I discuss how behavioral biases and social influence affect people’s choices, for example of where to live or whether to adapt to growing hazard risks. I present examples of spatial agent-based computational economic models – from simplistic to empirically-grounded – to explore cumulative impacts of dynamics boundedly-rational individual choices and evolving social institutions. By incorporating adaptive expectations and evolution of individual risk perceptions, such computational agent-based models are suited to explore the emergence of systemic changes driven by climate change. I conclude with discussing the outstanding methodological challenges and the upcoming open access community platform for sharing reusable building blocks for complex systems models.
Bio
Tatiana Filatova is Professor in Computational Economics at Delft University of Technology. Prof Filatova’s research focuses on individual choices under risk, behavioral change and evolution of social institutions using computational agent-based modeling (e.g. NWO VENI & VIDI projects, Ammodo). Most of the current work of her team centers around the ERC project that explores cumulative and distributional impacts of individual adaptation of households and firms to climate-driven flood risks in cities http://www.sc3.center/. Besides this research, Prof Filatova has been the Leader of the Dutch 4TU Research Program on Resilience for the last five years, and serves as the Academic Lead of the Climate Change Governance Theme of the TU Delft Climate Action Programme. Prof Filatova is an alumna of De Jonge Akademie of KNAW and of the Social Sciences Council of the Royal Netherlands Academy of Arts and Sciences (SWR/KNAW).