Entrepreneurial State and Risk-Taking with Martyn Dorey

Transition Islands

Economic theory and modelling are all-pervasive in our modern life. We explore the fallacies behind modelling assumptions and talk about "first principles" that one could use to design models for post Covid-19 recovery.

We discuss the heavy reliance of island communities like Guernsey and Jersey on the State, given that majority of infrastructure is States-owned. The government can and must play a key role in enabling innovation and entrepreneurship and research shows (Entrepreneurial State by Mariana Mazzucato) that R&D played the defining role to create many of the tech innovations we all enjoy.

Governments can help derisk the innovation process while creating governance structures such as Economic Development Boards to execute on ambitions plans and to unleash entrepreneurial potential.

Martyn's key message focuses on having a recovery vision and taking risks.

About Martyn Dorey

Guernsey man, investment actuary, founder of Dorey Financial Modelling (DFM), an actuarial technology firm. DFM is a small enterprise supporting decision making and risk analysis in government, and on institutional and private wealth assets totalling in excess of £1,000 billion.

Martyn was a consultant for three of the top UK investment consulting firms and won UK national awards for innovation such as the Society of Actuaries ‘paper of the year’ in 2005 and was rated top UK talk on the Geometry of Finance in 2012. He also developed a little known statistical distribution the “d distribution” which uses a different “number system” to capture real-world dependencies.

Martyn is Ex-President of the Guernsey Chamber of Commerce 2016-2018, co-founder of legal technology start-up Ozoris and founder of C3M, a project to put fixed link infrastructure from Guernsey to France.

You can follow Martyn on Twitter - https://twitter.com/TigGuern