This project is about the ways in which the public deals with neuralgic societal risks such as climate change, demographic change and state deficits in the 21st century (“big risks"). It aims to answer overarching questions from the three disciplinary perspectives of practical philosophy, political science and financial mathematics. Practical philosophy considers the epistemic difficulties of “knowing" risks and offers normative risk assessments and reactions to them. Political science studies the intersection between the political and the societal spheres and is equipped to deal with the effects of social and political positions on individual perceptions. Financial mathematics offers tools for the risk management of quantifiable risks and allows designing instruments for diversification and hedging of risks. The project is funded by the Funk Stiftung.
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