UTNS
5150

Spooky Action at a Distance: Volatility and Innovation

University Curriculum: University Curriculum

Liberal Arts
Graduate Course
Degree Students
Spooky Action at a Distance
Spring 2024
Taught By: Benjamin Lee and Ulrich Lehmann
Section: A

CRN: 14749

Credits: 3

"The title of our graduate seminar comes from the evocation of the speculative and creative vision of quantum entanglement. Particle physicists at Berkeley like Chien-Shiung Wu in 1950 and the Fundamental Fysiks group in the 1970s found empirical proof for Albert Einstein’s “spooky action at a distance,” that denotes a phenomenon by which one particle can effectively ""know"" something about another particle instantaneously, even if those two particles are separated by a great distance; If you observe a particle in one place, another particle – even one light-years away – will instantly change its properties, as if the two are connected by a mysterious communication channel. The seminar metaphorically and concretely uses the concept of quantum entanglement, to look at the speculative and creative vision of such “mysterious communication channels” between phenomena in economics, culture and society. The seminar focuses on connections between volatility, uncertainty and creativity, drawing in equal measure upon “Eastern” and “Western” visuals, sounds and texts. Volatility is defined here as the propensity to continually change current states, irrespective of the direction of these changes; as such it has become a key term for the general understanding of decision-making under uncertainty and for interpreting “flow models.” Volatility, risk taking and quantum physics play a considerable role in innovative finance that fuels the socio-economics of cultural productions. In turn, recent economic concepts have borrowed structural and operating principles from global popular culture and have determined how these concepts impact on the origin of social and cultural initiatives. The seminar inquires whether cultural experiments with volatility and randomness have counterparts in economics and finance. Such inquiry goes beyond the critique of monetizing culture in order to examine structural relations. Entanglement, volatility and speculation are discussed simultaneously as operative concepts for theoretical inquiry and creative practice, whereby one animates the other. "

College: University Curriculum (UL)

Department: University Curriculum (UNIV)

Campus: New York City (GV)

Course Format: Seminar (R)

Modality: In-Person

Max Enrollment: 20

Add/Drop Deadline: February 4, 2024 (Sunday)

Online Withdrawal Deadline: April 16, 2024 (Tuesday)

Seats Available: Yes

Status: Open*

* Status information is updated every few minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 11:32am EST 12/1/2023

Meeting Info:
Days: Tuesday
Times: 9:55am - 11:45am
Building: Academic Entrance 63 Fifth Ave
Room: 411
Date Range: 1/23/2024 - 5/7/2024