Mitigation Management
Banks are facing a massive loss of confidence since their customers have realised that depositing money effectively means allowing it to enter the global financial playground. Those who panicked will need to be slowly re-accustomed to investing because there is no such thing as living detached from the markets anymore.
This apparatus for individual mitigation management allows for anxious customers to place, move or even withdraw their assets from the CEO’s desk in their own home, determining how their money is actually being invested by the bank. It consists of a miniature office, an RFID-enabled table, an e-ink display showing the latest financial headlines, a cable connecting it to the bank and a small figurine with a detachable head. Should the current CEO be replaced, a new head would immediately be issued.
After the kit has been assembled and plugged into the wall, tokens for individual assets can be placed on the table and will, depending on their position on the table, more or less risk-adversely be invested by the bank. The anxious customer will probably watch the office closely, especially the financial headlines, and is likely to take action should he or she become increasingly concerned, adjusting the assets to restore a personal sense of comfort.
The overall design aims to convey a sense of control over systems and inherent risks, giving an individual the possibility to tweak certain aspects of an otherwise immaterial world and thus offering a remedy for the fear of a crash. It is, however, to some extent a placebo since it does not liberate the investor from an overall systemic risk, which can not be escaped.
More photos.