The business of design is clearly a knowledge-based activity. Governments have introduced a variety of mechanisms to support knowledge transfer. One approach in the UK is the Knowledge Transfer Partnership (KTP) programme, which supports collaboration between universities and businesses. This...

Distinguishing between risk and uncertainty, this paper draws on the psychological literature on heuristics to consider whether and when simpler approaches may out-perform more complex methods for modelling and regulating the financial system. We find that: (i) simple methods can sometimes...