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The article first describes characteristics of major infrastructure projects. Second, it documents a much neglected topic in economics: that ex ante estimates of costs and benefits are often very different from actual ex post costs and…

General Finance · Quantitative Finance 2013-03-27 Bent Flyvbjerg

Tolerance implies enduring trying circumstances with a fair and objective attitude. To determine whether evolutionary advantages might be stemming from diverse levels of tolerance in a population, we study a spatial public goods game, where…

Physics and Society · Physics 2016-08-04 Attila Szolnoki , Matjaz Perc

In a globalised world, inflation in a given country may be becoming less responsive to domestic economic activity, while being increasingly determined by international conditions. Consequently, understanding the international sources of…

Econometrics · Economics 2024-10-30 Ignacio Garrón , C. Vladimir Rodríguez-Caballero , Esther Ruiz

The hypothesis that living systems can benefit from operating at the vicinity of critical points has gained momentum in recent years. Criticality may confer an optimal balance between exceedingly ordered and too noisy states. We here…

Populations and Evolution · Quantitative Biology 2016-03-23 Jorge Hidalgo , Jacopo Grilli , Samir Suweis , Amos Maritan , Miguel A. Munoz

This paper investigates whether socioeconomic factors are important for the hurricane performance of the electric power system in Florida. The investigation is performed using the Random Forest classifier with Mean Decrease of Accuracy…

Machine Learning · Computer Science 2022-08-22 Alexys Herleym Rodríguez Avellaneda , Abdollah Shafieezadeh , Alper Yilmaz

I devise a novel approach to evaluate the effectiveness of fiscal policy in the short run with multi-category treatment effects and inverse probability weighting based on the potential outcome framework. This study's main contribution to…

Econometrics · Economics 2020-08-11 Koiti Yano

Crime is an economically important activity, sometimes called the industry of crime. It may represent a mechanism of wealth distribution but also a social and economic charge because of the cost of the law enforcement system. Sometimes it…

Adaptation and Self-Organizing Systems · Physics 2007-10-22 Mirta B. Gordon , J. R. Iglesias , Viktoriya Semeshenko , J. -P. Nadal

Reliability (survival analysis, to biostatisticians) is a key ingredient for mak- ing decisions that mitigate the risk of failure. The other key ingredient is utility. A decision theoretic framework harnesses the two, but to invoke this…

Methodology · Statistics 2009-07-24 Nozer D. Singpurwalla

I study how political bias and audience costs impose domestic institutional constraints that affect states' capacity to reach peaceful agreements during crises. With a mechanism design approach, I show that the existence of peaceful…

General Economics · Economics 2021-12-07 Liqun Liu

In an increasingly complex, mobile and interconnected world, we face growing threats of disasters, whether by chance or deliberately. Disruption of coordinated response and recovery efforts due to organizational, technical, procedural,…

Computers and Society · Computer Science 2015-03-31 Liaquat Hossain , Rolf T. Wigand

Corruption, fraud, and unethical activities have emerged as significant obstacles to global economic, political, and social progress. Although many empirical studies have focused on country-level corruption metrics, this study is the first…

General Finance · Quantitative Finance 2023-11-01 Maurizio La Rocca , Tiziana La Rocca , Francesco Fasano , Javier Sanchez-Vidal

Flood forecasts are crucial for effective individual and governmental protective action. The vast majority of flood-related casualties occur in developing countries, where providing spatially accurate forecasts is a challenge due to…

Machine Learning · Computer Science 2019-10-31 Zvika Ben-Haim , Vladimir Anisimov , Aaron Yonas , Varun Gulshan , Yusef Shafi , Stephan Hoyer , Sella Nevo

Disasters frequently exceed established hazard models, revealing blind spots where unforeseen impacts and vulnerabilities hamper effective response. This perspective paper contends that situational awareness (SA)-the ability to perceive,…

Computers and Society · Computer Science 2025-08-26 Hongrak Pak , Ali Mostafavi

The governance of the political and economic world order builds on a complex architecture of international treaties at various geographical scales. In a historical phase of high institutional turbulence, assessing the stability of such…

General Economics · Economics 2022-03-02 Pier Luigi Sacco , Alex Arenas , Manlio De Domenico

There is growing evidence of systematic attempts to influence democratic elections by controlled and digitally organized dissemination of fake news. This raises the question of the intrinsic robustness of democratic electoral processes…

Physics and Society · Physics 2024-01-03 Glory M. Givi , Robin Delabays , Matthieu Jacquemet , Philippe Jacquod

We study corruption as a generalized epidemic process on the graph of social relationships. The main difference to classical epidemic processes is the strong nonlinear dependence of the transmission probability on the local density of…

Physics and Society · Physics 2007-05-23 Ph. Blanchard , A. Krueger , T. Krueger , P. Martin

Models for epidemic spread typically account for variable risk factors but do not account for the correlation between behavior and risk. Here we extend these models to account for such correlations. We find that a positive correlation…

Physics and Society · Physics 2025-08-14 Yoel Sanders

This study presents a framework for assessing urban critical infrastructure resilience during extreme events, such as hurricanes. The approach combines GIS and network analysis with open remote sensing data of the aftermath, vector data on…

Physics and Society · Physics 2024-12-19 Pavel O. Kiparisov , Viktor V. Lagutov

Scientists agree about the urgency of the problem of climate change. Most citizens, however, pay little attention to gradually increasing temperature levels. Growing numbers of natural disasters in the world might then play a fundamental…

General Economics · Economics 2026-03-16 Aatishya Mohanty , Nattavudh Powdthavee , Cheng Keat Tang , Andrew J. Oswald

Damage cost curves -- relating the typical damage of a natural hazard to its physical magnitude -- represent an indispensable ingredient necessary for climate change impact assessments. Combining such curves with the occurrence probability…

Physics and Society · Physics 2020-10-16 Diego Rybski , Boris F. Prahl , Markus Boettle , Jürgen P. Kropp