Modern Regulation and Complexity

Complexity and Modern Regulation Dr. Johannes Meier Tufts, 13 November 2008

The beauty of complexity (I) Seite Source: http:// xavier.informatics.indiana.edu/lanet-vi/gallery/Airports.html Introduction Airports was obtained from the International Air Transportation Association (IATA) . Each node represents an airport and each edge is a regular flight between two airports. Colors are assigned according to the coreness: vertices with coreness 1 are violet, and the maximum coreness vertices are red, following the rainbow color scale. The node degree scale is also displayed, showing the maximum degree of the network.

The beauty of complexity (II) Seite Source: Subway Map NY 1972 Introduction

The beauty of complexity (III) Seite Introduction

Complexity and economy ,[object Object],[object Object],[object Object],Seite Introduction

Managerial failure to deal with complexity? Failure of regulation? Seite

Complexity and regulation Seite News reference volume „complexity“ News reference volume „regulation“ Source: google trends Introduction

How to deliver regulatory quality in highly complex and constantly changing environments? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite

[object Object],[object Object],[object Object],[object Object],Seite Agenda

Regulation and whining Seite ,[object Object],[object Object],[object Object],[object Object],[object Object]

Typical deficits of current regulation approaches ,[object Object],[object Object],[object Object],[object Object],[object Object],Seite

Does Public Choice Theory provide a good alternative? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: Public choice protagonists James Buchanan, Anthony Dawns, William Niskanen

Central lesson learned from „deliverology“ ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: John Seddon 2008

Systems thinking approach as an alternative ,[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: 6Sigma

Implications of systems thinking for service design ,[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: Toyota production system

Example of an elegant architecture

Internet as example for managing complexity effectively ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite “ Minimalist” IP enables some evolutionary pathways and disables others

In Architecting a System We… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: from M. Maier, E. Rechtin, The Art of Systems Architecting, 2nd ed. (2002)

Lessons from Architecting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: from M. Maier, E. Rechtin, The Art of Systems Architecting, 2nd ed. (2002)

A heuristics based approach to systems architecture ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: from M. Maier, E. Rechtin, The Art of Systems Architecting, 2nd ed. (2002)

Heuristics applying to social and political systems ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: from M. Maier, E. Rechtin, The Art of Systems Architecting, 2nd ed. (2002)

Five principles for modern regulatory leadership ,[object Object],[object Object],[object Object],[object Object],[object Object],Seite

A more principle-based approach to addressing financial market failures ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: Steven L. Schwarcz, Complexity as a Catalyst of Market Failure, A Law and Engineering Inquiry (2008)

The challenge for political leadership ,[object Object],Source: Richard Bookstaber, A Demon of our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation, (2007)

Determinants of successful political regulation and reforms based on case studies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Seite Source: Thomas Fischer, Andreas Kießling und Leonard Novy (ed.): Politische Reformprozesse in der Analyse, (2008)

Thank you for your attention Seite

Modern Regulation and Complexity

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Modern Regulation and Complexity