Understanding safe performance in rapidly evolving systems: a risk management analysis of the 2010 US financial market Flash Crash with Rasmussen's risk management framework

Dev Minotra; Catherine M. Burns

首页> 外文期刊>Theoretical Issues in Ergonomics Science >Understanding safe performance in rapidly evolving systems: a risk management analysis of the 2010 US financial market Flash Crash with Rasmussen's risk management framework

【24h】

Understanding safe performance in rapidly evolving systems: a risk management analysis of the 2010 US financial market Flash Crash with Rasmussen's risk management framework

机译：了解快速发展的系统中的安全性能：使用Rasmussen的风险管理框架对2010年美国金融市场Flash Crash进行的风险管理分析

获取原文

获取原文并翻译 | 示例

掌桥外文数据库（机构版） >>

开具论文收录证明 >>

文献代查 >>

页面导航

摘要
著录项
相似文献
相关主题

摘要

Systemic events or widespread disruptions in financial markets likernthe Flash Crash are a public concern as they jeopardise investors’rnconfidence in financial markets and result in financial losses forrnmarket participants. Federal regulations for financial markets dornnot keep pace with the evolution and growth of financialrntechnology including advances in algorithmic and high-frequencyrntrading (HFT). We report an analysis of the Flash Crash whichrnoccurred on 6 May 2010 using Rasmussen’s 1997 risk managementrnframework. While the framework has been validated on a numberrnof well-documented accidents, our work examines the frameworkrnin the context of a large-scale adverse event associated withrncomplex technologies and automated systems capable of evolvingrnover time. Our contribution is a set of implications of the FlashrnCrash associated with Rasmussen’s propositions. Thesernimplications would inform regulators and risk assessment methodsrnfor rapidly evolving complex socio-technical systems.

机译：诸如Flash Crash之类的系统性事件或金融市场的广泛破坏，已成为公众关注的问题，因为它们危及投资者对金融市场的信心，并导致市场参与者蒙受金融损失。联邦对金融市场的法规并没有跟上金融技术的发展和增长，包括算法和高频交易（HFT）的发展。我们使用Rasmussen的1997年风险管理框架对2010年5月6日发生的Flash崩溃进行了分析。尽管该框架已针对大量有据可查的事故进行了验证，但我们的工作是在与复杂技术和能够随着时间演变的自动化系统相关的大规模不良事件的背景下研究该框架。我们的贡献是与Rasmussen主张相关的FlashrnCrash的一系列启示。这些暗示将为迅速发展的复杂社会技术系统的监管者和风险评估方法提供信息。

著录项

来源
《Theoretical Issues in Ergonomics Science》 |2017年第6期|608-630|共23页
作者
Dev Minotra; Catherine M. Burns;
展开▼
作者单位

Department of Systems Design Engineering, University of Waterloo, Waterloo, Canada;

Department of Systems Design Engineering, University of Waterloo, Waterloo, Canada;

展开▼
收录信息
原文格式 PDF
正文语种 eng
中图分类
关键词
Risk management; financial markets; algorithmic trading; automation; regulation; Flash Crash;

机译：风险管理;金融市场;算法交易;自动化;规;闪存崩溃;

相似文献

外文文献
中文文献
专利

1. Understanding safe performance in rapidly evolving systems: a risk management analysis of the 2010 US financial market Flash Crash with Rasmussen's risk management framework [J] . Dev Minotra, Catherine M. Burns Theoretical Issues in Ergonomics Science . 2017,第6期

机译：了解快速发展的系统安全性能：2010年美国金融市场的风险管理分析与拉斯穆森的风险管理框架
2. A test of Rasmussen's risk management framework in the food safety domain: BSE in the UK [J] . A.L. Cassano-Piche, K.J. Vicente, G.A. Jamieson Theoretical Issues in Eronomics Science . 2009,第4期

机译：对拉斯穆森在食品安全领域的风险管理框架的测试：英国的疯牛病
3. Understanding the Safety - Hazard-Risk Relationship in a Reactive Culture (A comprehensive risk management system to evaluate and quantify risks associated with well construction in a post Macondo world) [J] . Laurie Reno 石油技術協会誌 . 2011,第5期

机译：了解反应性文化中的安全-风险-风险关系（一种综合的风险管理系统，用于评估和量化与Macondo后世界中的油井建设相关的风险）
4. How to Sustain the Construction Market in Uncertain Economic Conditions? A Study and Analysis of Financial Risk Management Techniques and the Comparative Effectiveness of Different Project Delivery Systems [C] . P. Pishdad-Bozorgi, E. Hamzanlui Moghaddam Annual conference of the Canadian Society for Civil Engineering . 2013

机译：在不确定的经济条件下如何维持建筑市场？财务风险管理技术与不同项目交付系统比较有效性的分析研究
5. Identification, assessment and proposing mitigation strategies for the risks involved in operations and maintenance activities on highways---Crash data analysis and development of integrated risk management model. [D] . Mukhopadhyay, Sayanti. 2011

机译：识别，评估和提出缓解公路运营和维护活动中的风险的缓解策略-碰撞数据分析和集成风险管理模型的开发。
6. An integrated framework for safety quality and risk management: an information and incident management system based on a universal patient safety classification [O] . W B Runciman, J A H Williamson, A Deakin, 2006

机译：安全质量和风险管理的集成框架：基于通用患者安全分类的信息和事件管理系统
7. From risks to second-order dangers in financial markets: Unintended consequences of risk management systems [O] . Boris Holzer, Yuval Millo 2005

机译：从金融市场的风险到二阶危险：风险管理系统的意外后果
8. Aerospace Systems "A Risky Business" Understanding the Need for a Mature Risk Management Framework. [R] . Suttle, J. 2016

机译：航空航天系统“危险的业务”了解成熟风险管理框架的必要性。

Understanding safe performance in rapidly evolving systems: a risk management analysis of the 2010 US financial market Flash Crash with Rasmussen's risk management framework

摘要

著录项

相似文献

相关主题

期刊订阅