New UCL Centre for study of Decision-Making Uncertainty announced

UCL is to establish a new Centre for the Study of Decision-Making Uncertainty with an initial $250,000 grant from the Institute for New Economic Thinking. The new Centre will address the ongoing intellectual and policy challenges unleashed by the global financial crisis, and will be the first in the world to focus on why individuals and groups think and act in specific ways when faced with uncertainty. Announced during the first international trip of new UCL President and Provost Professor Michael Arthur to the USA, the Institute for New Economic Thinking has also said that it will give $1 in additional funding for every $2 UCL raises from other donors towards the new Centre. The funding was announced at a high-level roundtable held at European bank BNP Paribas in New York City, organised by UCL in conjunction with UCL alumnus Mark Howard, Head of US Credit Analysis and Strategy at the bank's offices in New York. The event saw UCL alumni, friends and corporate partners from across the US gather to hear the thoughts of investor George Soros and former Governor of the Bank of England, Lord King of Lothbury, on the necessity of new economic thinking as the world economy recovers. The event was chaired by UCL President and Provost Professor Michael Arthur. It will be headed by visiting Professor of Psychoanalysis at UCL, David Tuckett.