Title
Swarms dynamics approach to behavioral economy: Theoretical tools and price sequences.
Abstract
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 Bellomo19613.99
Sarah de Nigris200.34
D. A. Knopoff342.13
Matteo Morini400.34
Pietro Terna500.34