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It has long been assumed that inheritances, particularly large ones, have a negative effect on the labor supply of inheritors. Using Norwegian registry data, I examine the inheritance-induced decline in inheritors' wages and occupational…
Darwin's theory of evolution is considered to be one of the greatest scientific gems in modern science. It not only gives us a description of how living things evolve, but also shows how a population evolves through time and also, why only…
The minority model was introduced to study the competition between agents with limited information. It has the remarkable feature that, as the amount of information available increases, the collective gain made by the agents is reduced.…
Each year perhaps millions of young people face the following dilemma: should I continue my education or rather start working with already acquired skills. Right decision must take into account somebody's own abilities, accessibility to…
We examined a large population of Polish science, technology, engineering, mathematics and medicine (STEMM) scientists (N = 16,083) to study rank advancement and productivity. We used two previously neglected time dimensions - promotion age…
The distribution of income and wealth in developed economies exhibits a robust two-class structure: an exponential (Boltzmann--Gibbs) bulk covering $\sim\!97\%$ of the population, and a power-law (Pareto) tail in the upper $\sim\!3\%$. We…
"Big data" gives markets access to previously unmeasured characteristics of individual agents. Policymakers must decide whether and how to regulate the use of this data. We study how new data affects incentives for agents to exert effort in…
This paper presents a semi-quantitative mathematical model of the changes over time in the statistical distribution of well-being of individuals in a society. The model predicts that when individuals overvalue the more socially conspicuous…
The last few years have seen the proliferation of measures that quantify the scientific output of researches. Yet, these measures focus on productivity, thus fostering the "publish or perish" paradigm. This article proposes a measure that…
This paper is part of the Global Income Dynamics Project cross-country comparison of earnings inequality, volatility, and mobility. Using data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics (LEHD) infrastructure…
In recent years excessive monetization of football and professionalism among the players has been argued to have affected the quality of the match in different ways. On the one hand, playing football has become a high-income profession and…
The field of the mathematical sciences relies on a continuous academic pipeline in which individuals progress from undergraduate study through graduate training and postdoctoral program to long term faculty employment. National statistics…
We investigate further several properties of the minority game we have recently introduced. We explain the origin of the phase transition and give an analytical expression of $\sigma^2/N$ in the $N\ll2^M$ region. The ability of the players…
The proliferation of online communities has created exciting opportunities to study the mechanisms that explain group success. While a growing body of research investigates community success through a single measure -- typically, the number…
The exponentially growing number of scientific papers stimulates a discussion on the interplay between quantity and quality in science. In particular, one may wonder which publication strategy may offer more chances of success: publishing…
Using a temporal version of the Copernican principle, Gott has proposed a statistical predictor of future longevity based on present age [J. R. Gott III, Nature 363, 315 (1993)] and applied the predictor to a variety of examples, including…
There is extensive, yet fragmented, evidence of gender differences in academia suggesting that women are under-represented in most scientific disciplines, publish fewer articles throughout a career, and their work acquires fewer citations.…
Income and wealth distribution affect stability of a society to a large extent and high inequality affects it negatively. Moreover, in the case of developed countries, recently has been proven that inequality is closely related to all…
The Great Gatsby Curve measures the relationship between income inequality and intergenerational income persistence. By utilizing genealogical data of over 245,000 mentor-mentee pairs and their academic publications from 22 different…
AI-assisted programming is rapidly reshaping software development, with large language models (LLMs) enabling new paradigms such as vibe coding and agentic coding. While prior works have focused on prompt design and code generation quality,…