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Institute of Advanced Study

Past Events

The Experience of Emergence Workshop

3rd March 2015, 16:00 to 18:00, Seminar Room, Institute of Advanced Study, Palace Green

Speakers to include:

Prof Katherine Hayles - Emergence and the ecology of automated trading algorithms

Dr Daniel Grausman - Fiction and contemporaneity

Dr Mariann Hardey - Emergent experience of dissemination

Abstract:

Katherine Hayles: Emergent Effects in Automated Finance Trading Algorithms

With the exponential increase in financial trades made by automated algorithms, 70% of all trades are now executed by algorithms operating at micro-temporal regimes inaccessible to humans. The algorithms are able to sense what competing algorithms intend to do, giving rise to complex social dynamics in which the faster, more aggressive algorithms hunt in packs, looking for "whales" (large orders) that they can out-bid and manipulate to their advantage. With the stock market's transition to a machine-machine ecology rather than the older human-machine ecology, emergent effects arise that undermine the stability and robustness of the entire global financial system. This talk will explore the implications of these developments as a case study in the interactions of technical cognitive nonconscious systems with the human systems in which they are embedded.

Series:

In the sciences the concept of emergence has recently become a central focus of interest. Originally developed by natural philosophers (Lewes, Broad) in the context of evolutionary theory, it connotes paradoxical ‘downward’ causation in an autopoietic system. So-called resultant effects derive traceably – ‘upwardly’ – from the interaction of the parts of the system, generate a quantitative difference, are by definition predictable. Autopoietic systems by contrast generate emergent effects which manifest themselves quasi-irrationally as something more than the sum of the traceable interaction of the system’s constituent parts. They generate a qualitative difference, are by definition unpredictable. As such, ‘downward’ causation is often claimed to ‘explain’ adaptation and evolution in both organic and social systems (Maturana and Luhmann): the reorganisation and restabilisation of a perturbed system under new terms. Examples are the spontaneous behaviour of flocks of birds and shoals of fish under threat; the saltationist evolution of species (Eldredge and Gould); perhaps also the emergence of consciousness from the brain. 

In the last ten years emergence has also, increasingly, been seen as an explicatory factor in the humanities and social sciences. Emergence has variously been suggested to provide a model for the becoming of the soul in post-Darwinian Christian theology; for explaining the unstable behaviour of stock markets; for describing bewildering epochal shifts in aesthetic style. This project offers a programme of interdisciplinary research which will explore the patterns of emergence in humanities and social sciences, and so, in a scholarly environment dominated by scientism and positivism, make a positive contribution to the two cultures debate. The experience of emergence – something to be explored phenomenologically and in communicative media – is argued to be a contact zone of indeterminacy between human and natural science epistemologies. 

This programme offers a series of lectures and workshops by internationally distinguished colleagues from Durham and abroad, addressing the extent to which the experience of emergence contributes to interdisciplinary expansion of cognitive horizons, inter alia 

  • technical evolution and the emergence of social change
  • aesthetic communication and agency in systems theory
  • the relations of cognitive psychology and literature
  • the emergent experience of wonder and wellbeing
  • the ontology of emergence
  • the emergence and after-effects of social crisis
  • the experience of risk and adventure as catalysing the emergence of new cognitive horizons. 

The project team will explore these issues with the support of IAS Fellow Professor Katherine Hayles (Duke University). The IAS is also supporting a programme of fortnightly inter-departmental seminars and a conference, which will culminate in the publication of an edited volume. 

For more information contact Professor Nicholas Saul (n.d.b.saul@dur.ac.uk). 

Contact n.d.b.saul@durham.ac.uk for more information about this event.