Title | ||
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Swarms dynamics approach to behavioral economy: Theoretical tools and price sequences. |
Abstract | ||
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This paper presents a development of the mathematical theory of swarms towards a systems approach to behavioral dynamics of social and economical systems. The modeling approach accounts for the ability of social entities are to develop a specific strategy which is heterogeneously distributed by interactions which are nonlinearly additive. A detailed application to the modeling of the dynamics of prices in the interaction between buyers and sellers is developed to describe the predictive ability of the model. |
Year | DOI | Venue |
---|---|---|
2020 | 10.3934/nhm.2020022 | NETWORKS AND HETEROGENEOUS MEDIA |
Keywords | DocType | Volume |
Kinetic theory,active particles,stochastic differential games,evolution,learning,social systems,economy | Journal | 15 |
Issue | ISSN | Citations |
SP3 | 1556-1801 | 0 |
PageRank | References | Authors |
0.34 | 0 | 5 |
Name | Order | Citations | PageRank |
---|---|---|---|
Nicola Bellomo | 1 | 96 | 13.99 |
Sarah de Nigris | 2 | 0 | 0.34 |
D. A. Knopoff | 3 | 4 | 2.13 |
Matteo Morini | 4 | 0 | 0.34 |
Pietro Terna | 5 | 0 | 0.34 |