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Related papers: Self-organized Collapse of Societies

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Using a model based on generalised Lotka Volterra dynamics together with some recent results for the solution of generalised Langevin equations, we show that the equilibrium solution for the probability distribution of wealth has two…

Statistical Mechanics · Physics 2008-12-10 Peter Richmond , Sorin Solomon

Many complex systems exhibit extreme events far more often than expected for a normal distribution. This work examines how self-similar bursts of activity across several orders of magnitude can emerge from first principles in systems that…

Physics and Society · Physics 2015-11-13 Felix Patzelt

Societies experience politically stable and unstable phases along history, whereas political power is usually passed to new elite groups by these changes. Structural dynamics of the elites in a society have been proposed to be one of the…

Physics and Society · Physics 2025-11-24 Alexander Jochim , Stefan Bornholdt

Standard macroeconomic models assume that households are rational in the sense that they are perfect utility maximizers, and explain economic dynamics in terms of shocks that drive the economy away from the stead-state. Here we build on a…

General Economics · Economics 2019-07-05 Yuki M. Asano , Jakob J. Kolb , Jobst Heitzig , J. Doyne Farmer

In recent years, several global events have severely disrupted economies and social structures, undermining confidence in the resilience of modern societies. While empirical evidence on the dynamics and drivers of past societal collapse is…

Physics and Society · Physics 2024-11-01 Florian Schunck , Marc Wiedermann , Jobst Heitzig , Jonathan F. Donges

The sustainability conditions for the market participants with a different ownership model were also determined. It was revealed, that the nonlinear form of the equations describing the market behavior with the prevailing private capital,…

General Finance · Quantitative Finance 2008-12-23 Viktor I. Shapovalov

Economic systems are similar with physic systems for their large number of individuals and the exist of equilibrium. In this paper, we present a model applying the equilibrium statistical model in economic systems. Consistent with…

General Finance · Quantitative Finance 2015-04-17 Zhiwu Zheng

We address the issue of the dynamics of wealth accumulation and economic crisis triggered by extreme inequality, attempting to stick to most possibly intrinsic assumptions. Our general framework is that of pure or modified multiplicative…

Economics · Quantitative Finance 2017-05-17 Henri Benisty

Chaos is widely understood as being a consequence of sensitive dependence upon initial conditions. This is the result of an instability in phase space, which separates trajectories exponentially. Here, we demonstrate that this criterion…

Chaotic Dynamics · Physics 2017-06-28 Marc Pradas , Alain Pumir , Greg Huber , Michael Wilkinson

A model to describe the spontaneous formation of military and economic coalitions among a group of countries is proposed using spin glass theory. Between each couple of countries, there exists a bond exchange coupling which is either zero,…

Disordered Systems and Neural Networks · Physics 2007-05-23 Serge Galam

In this paper, we propose a dynamical model to capture cascading failures among interconnected organizations in the global financial system. Failures can take the form of bankruptcies, defaults, and other insolvencies. The network that…

Optimization and Control · Mathematics 2023-11-13 Leonardo Stella , Dario Bauso , Franco Blanchini , Patrizio Colaneri

Social networks with positive and negative links often split into two antagonistic factions. Examples of such a split abound: revolutionaries versus an old regime, Republicans versus Democrats, Axis versus Allies during the second world…

Physics and Society · Physics 2013-06-17 V. A. Traag , P. Van Dooren , P. De Leenheer

I give a highly selective overview of the way statistical mechanics explains the microscopic origins of the time asymmetric evolution of macroscopic systems towards equilibrium and of first order phase transitions in equilibrium. These…

Mathematical Physics · Physics 2009-10-31 Joel L. Lebowitz

Theoretical ecologists have long sought to understand how the persistence of populations depends on biotic and abiotic factors. Classical work showed that demographic stochasticity causes the mean time to extinction to increase…

Populations and Evolution · Quantitative Biology 2014-08-06 Otso Ovaskainen , Baruch Meerson

Many outputs of cities scale in universal ways, including infrastructure, crime, and economic activity. Through a mathematical model, this study investigates the interplay between such scaling laws in human organization and governmental…

Physics and Society · Physics 2025-06-05 Bryce Morsky

General equilibrium equations in economics play the same role with many-body Newtonian equations in physics. Accordingly, each solution of the general equilibrium equations can be regarded as a possible microstate of the economic system.…

General Finance · Quantitative Finance 2015-06-18 Yong Tao

While the use of spatial agent-based and individual-based models has flourished across many scientific disciplines, the complexities these models generate are often difficult to manage and quantify. This research reduces population-driven,…

Physics and Society · Physics 2021-08-24 John C. Stevenson

Oscillations are observed in all branches of science and culture, ranging from the behavior of ele-mentary particles, atoms, molecules in simple chemical or physical systems or even in complex organisms, up to oscillations of the behavior…

Physics and Society · Physics 2023-09-27 Joachim Maier

Episodes of market crashes have fascinated economists for centuries. Although many academics, practitioners and policy makers have studied questions related to collapsing asset price bubbles, there is little consensus yet about their causes…

Risk Management · Quantitative Finance 2008-12-15 T. Kaizoji , D. Sornette

Phase transitions, characterized by abrupt shifts between macroscopic patterns of organization, are ubiquitous in complex systems. Despite considerable research in the physical and natural sciences, the empirical study of this phenomenon in…

Physics and Society · Physics 2023-11-15 Dan Braha