What Banking Can Learn From Biology

Biology and the natural world are helping economists build new models to understand the dynamics of the financial sector and why the sub prime loan crisis caused so much damage.

Biology and the natural world are helping economists build new models to understand the dynamics of the financial sector and why the US sub prime loan crisis caused so much global damage. Scientists working with the Bank of England believe banking has lessons to learn from biological science. Banking has a long history of borrowing ideas from science - astronomer Edmund Halley was constructing mortality tables for the life assurance industry back in the 17th Century. In biological science, a lack of diversity in a population equals a lack of robustness - and this has fuelled calls to break up the big banks following the credit crunch.

Big Think
Sponsored by Lumina Foundation

Upvote/downvote each of the videos below!

As you vote, keep in mind that we are looking for a winner with the most engaging social venture pitch - an idea you would want to invest in.

Keep reading Show less

7 fascinating UNESCO World Heritage Sites

Here are 7 often-overlooked World Heritage Sites, each with its own history.

Photo by Raunaq Patel on Unsplash
Culture & Religion
  • UNESCO World Heritage Sites are locations of high value to humanity, either for their cultural, historical, or natural significance.
  • Some are even designated as World Heritage Sites because humans don't go there at all, while others have felt the effects of too much human influence.
  • These 7 UNESCO World Heritage Sites each represent an overlooked or at-risk facet of humanity's collective cultural heritage.
Keep reading Show less

Scientists create a "lifelike" material that has metabolism and can self-reproduce

An innovation may lead to lifelike evolving machines.

Shogo Hamada/Cornell University
Surprising Science
  • Scientists at Cornell University devise a material with 3 key traits of life.
  • The goal for the researchers is not to create life but lifelike machines.
  • The researchers were able to program metabolism into the material's DNA.
Keep reading Show less

Scientists discover how to trap mysterious dark matter

A new method promises to capture an elusive dark world particle.

Surprising Science
  • Scientists working on the Large Hadron Collider (LHC) devised a method for trapping dark matter particles.
  • Dark matter is estimated to take up 26.8% of all matter in the Universe.
  • The researchers will be able to try their approach in 2021, when the LHC goes back online.
Keep reading Show less