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This essay discusses the advantages of a probabilistic agent-based approach to questions in theoretical economics, from the nature of economic agents, to the nature of the equilibria supported by their interactions. One idea we propose is…

General Finance · Quantitative Finance 2013-11-05 Ted Theodosopoulos

Stability analysis plays a crucial role in studying the behavior of dynamical systems with theoretical and engineering applications. Among various kinds of stability, the stability of equilibrium points is of the greatest importance which…

Dynamical Systems · Mathematics 2019-01-25 Arash Mehrjou , Bernhard Schölkopf

We here propose a model to simulate the process of opinion formation, which accounts for the mutual affinity between interacting agents. Opinion and affinity evolve self-consistently, manifesting a highly non trivial interplay. A continuous…

Physics and Society · Physics 2009-09-29 Franco Bagnoli , Timoteo Carletti , Duccio Fanelli , Alessio Guarino , Andrea Guazzini

In the context of mechanical Lagrangian dynamics, we prove a new Lyapunov instability criterion for a non strict local minimum equilibrium point of a smooth potential where the sufficient condition for instability is the existence of a…

Dynamical Systems · Mathematics 2021-12-22 J. M. Burgos , M. Paternain

The paper investigates sufficient conditions on a differential inclusion which guarantee that the origin is a finite time stable equilibrium, namely a weak local one, a weak global one or a strong local one. The analysis relies on the…

Optimization and Control · Mathematics 2019-02-22 Radosław Matusik , Andrzej Nowakowski , Sławomir Plaskacz , Andrzej Rogowski

This article aims to investigate sufficient conditions for the stability of stochastic differential equations with a random structure, particularly in contexts involving the presence of concentration points. The proof of asymptotic…

Probability · Mathematics 2023-05-22 Taras Lukashiv , Igor V. Malyk , Maryna Chepeleva , Petr V. Nazarov

I introduce a stability notion, dynamic stability, for two-sided dynamic matching markets where (i) matching opportunities arrive over time, (ii) matching is one-to-one, and (iii) matching is irreversible. The definition addresses two…

Theoretical Economics · Economics 2021-03-01 Laura Doval

This paper is concerned with stability analysis and synthesis for discrete-time linear systems with stochastic dynamics. Equivalence is first proved for three stability notions under some key assumptions on the randomness behind the…

Systems and Control · Computer Science 2019-03-01 Yohei Hosoe , Tomomichi Hagiwara

In this paper, we investigate the consensus problem of second-order multiagent systems under directed graphs. Simple yet robust consensus algorithms that advance existing achievements in accounting for velocity and input constraints, agent…

Systems and Control · Electrical Eng. & Systems 2023-03-02 Gang Wang , Zongyu Zuo , Chaoli Wang

This paper focuses on a model for opinion dynamics, where the influence weights of agents evolve in time. We formulate a control problem of consensus type, in which the objective is to drive all agents to a final target point under suitable…

Analysis of PDEs · Mathematics 2020-11-10 Nastassia Duteil , Benedetto Piccoli

Three similar convergence notions are considered. Two of them are the long established notions of convergent dynamics and incremental stability. The other is the more recent notion of contraction analysis. All three convergence notions…

Optimization and Control · Mathematics 2018-11-06 Duc N. Tran , Björn S. Rüffer , Christopher M. Kellett

This paper introduces a Markov chain approach that allows a rigorous analysis of agent based opinion dynamics as well as other related agent based models (ABM). By viewing the ABM dynamics as a micro description of the process, we show how…

Adaptation and Self-Organizing Systems · Physics 2011-08-10 Sven Banisch , Ricardo Lima , Tanya Araújo

In this paper, we present new results on finite- and fixed-time convergence for dynamical systems using LaSalle-like invariance principles. In particular, we provide first and second-order non-smooth Lyapunov-like results for finite- and…

Optimization and Control · Mathematics 2026-03-25 Kunal Garg

This paper is concerned with the study of the stability of dynamical systems evolving on time scales. We first {formalize the notion of matrix measures on time scales, prove some of their key properties and make use of this notion to study…

Dynamical Systems · Mathematics 2022-06-10 Giovanni Russo , Fabian Wirth

We study a continuous-time version of the Hegselmann-Krause model describing the opinion dynamics of interacting agents subject to random perturbations. Mathematically speaking, the opinion of agents is modelled by an interacting particle…

Probability · Mathematics 2024-11-25 Li Chen , Paul Nikolaev , David J. Prömel

Stability and causality are studied for linear perturbations about equilibrium in Carter's multifluid theory. Our stability analysis is grounded on the requirement that the entropy of the multifluid, plus that of the environment, must be…

General Relativity and Quantum Cosmology · Physics 2022-08-23 Lorenzo Gavassino

We present an extensive study of the joint effects of heterogeneous social agents and their heterogeneous social links in a bounded confidence opinion dynamics model. The full phase diagram of the model is explored for two different…

Physics and Society · Physics 2023-01-24 Rémi Perrier , Hendrik Schawe , Laura Hernández

This report studies a continuous-time version of the well-known Hegselmann-Krause model of opinion dynamics with bounded confidence. As the equations of this model have discontinuous right-hand side, we study their Krasovskii solutions. We…

Optimization and Control · Mathematics 2011-11-18 Francesca Ceragioli , Paolo Frasca

We study continuous-time consensus dynamics for multi-agent systems with undirected switching interaction graphs. We establish a necessary and sufficient condition for exponential asymptotic consensus based on the classical theory of…

Systems and Control · Computer Science 2016-08-10 Brian D. O. Anderson , Guodong Shi , Jochen Trumpf

In this paper we discuss some connections between measurable dynamics and rigidity aspects of group representations and group actions. A new ergodic feature of familiar group boundaries is introduced, and is used to obtain rigidity results…

Dynamical Systems · Mathematics 2014-04-22 Uri Bader , Alex Furman
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