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Record W4303833038 · doi:10.3390/jrfm15100449

Surviving Meltdowns That Cannot Be Prevented: Review of Gaps in Managing Uncertainty and Addressing Existential Vulnerabilities

2022· article· en· W4303833038 on OpenAlexvenueno aff
Karamjeet S. Paul

Bibliographic record

VenueJournal of risk and financial management · 2022
Typearticle
Languageen
FieldDecision Sciences
TopicComplex Systems and Decision Making
Canadian institutionsnot available
Fundersnot available
KeywordsContext (archaeology)Ex-anteExistentialismKnightRisk analysis (engineering)Political scienceBusinessLaw and economicsPublic relationsSociologyEconomicsLaw

Abstract

fetched live from OpenAlex

We make all decisions in the context of what we know and can envision. However, catastrophes often arise from what we had not known or had not envisioned previously. Approaches that work for addressing what can be envisioned are not useful in preventing catastrophic meltdowns arising from what cannot be envisioned ex ante. In extreme situations, such meltdowns can represent existential exposure to an organization, and thus cannot be ignored. Despite advances in risk management, a gap in addressing what cannot be envisioned ex ante has existed since Frank Knight’s designation of risk and uncertainty in 1921. As a result, organizations continue to employ approaches that may be ineffective against catastrophic meltdowns from the unknown. There is an urgent need to address this gap by scholars because as our world becomes more complex and globally interconnected our organizations and systems become increasingly vulnerable to this exposure from the unknown. The need and the urgency to address this exposure will only increase as, in addition to everyday operations, climate change represents a unique and growing challenge because everything about it, and its impact at organization levels, is unknown and beyond what can be envisioned today. Its impact, if it materializes, will be global and widespread, and it is likely that no organization and system will escape it. Thus, a mechanism to address the unknown that cannot be envisioned should be a priority for scholars and for organizations. There are clear differences between exposure from what can be envisioned and exposure arising from the unknown that require addressing the unknown differently. This paper explores these differences and then offers an approach to address the exposure from the unknown in practice through a disciplined managerial process to ensure that organizations can survive meltdowns that cannot be prevented.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.010
metaresearch head score (Gemma)0.001
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Other design · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.881
Threshold uncertainty score0.430

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0100.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.001
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.093
GPT teacher head0.358
Teacher spread0.265 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designOther design
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations4
Published2022
Admission routes1
Has abstractyes

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