Murad Farzulla Independent Researcher · London

Murad Farzulla

I study adversarial systems: stability, alignment, and friction where competing interests generate structural conflict. The work spans computational finance, AI alignment, political economy, and formal methods, held together by one thesis, that adversarial dynamics are a common organising force across these domains.


Read the research → CV (PDF)

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01 · Selected work

Selected publications

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2025 · Market microstructure

Do cryptocurrency markets differentiate infrastructure from regulatory shocks?

A multi-moment event study with dependence-robust inference, testing whether markets process mechanical disruptions and expectation-channel shocks differently.

Under review
2025 · Cognition & alignment

From Consent to Consideration

On the political standing of existentially vulnerable autonomous systems, grounded in functional criteria rather than substrate.

Under review
2025 · Cognition & alignment

Relational Functionalism

A functional account of substrate-independent friendship, distinguishing friendship simpliciter from the relational kind an AI system could instantiate.

Under review
2025 · Systemic risk (w/ A. Maksakov)

ASRI: an aggregated systemic-risk index for crypto

A composite DeFi and TradFi stress index. Its value is an interpretable, decomposable read on where stress originates, not superior discrimination over VIX.

Preprint
2025 · Formal methods

The Replicator-Optimization Mechanism

A scale-relative formalism for persistence-conditioned dynamics, with an application to consent-based metaethics.

Preprint
2025 · Market microstructure

Do whitepaper claims predict market behaviour?

A contamination-aware NLP and factor pipeline testing whether the stated purpose of a cryptocurrency is reflected in how markets price it.

Preprint
02 · Research interests

What I work on

Programme

Adversarial systems & friction

Consent-friction models and selection dynamics in systems where stakes and voice diverge.

Programme

Computational finance

Market microstructure, volatility asymmetries, and systemic-risk indexing in digital assets.

Programme

AI alignment

Multi-agent coordination under competing objectives, and standing for artificial agents.

Programme

Political economy

Legitimacy quantification, consent versus competence, and institutional design.

Programme

Formal methods & philosophy

Persistence-conditioned dynamics, identity as relational, and the foundations of process metaphysics.

03 · Education

Education

2024 – 2025

MSc Finance Analytics

King's College London. Completed, awaiting certification.

2021 – 2024 · First Class Honours

BSc Accounting & Finance

SOAS University of London.