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This work considers reasons for and implications of discarding the assumption of transitivity, which (transitivity) is the fundamental postulate in the utility theory of Von Neumann and Morgenstern, the adiabatic accessibility principle of…

经济学 · 定量金融 2015-07-14 A. Y. Klimenko

In this paper, we discuss different models for human logic systems and describe a game with nature. G\"odel`s incompleteness theorem is taken into account to construct a model of logical networks based on axioms obtained by symmetry…

适应与自组织系统 · 物理学 2007-05-23 Fariel Shafee

To study the assumption that the utility maximization hypothesis implicitly adds to consumer theory, we consider a mathematical representation of pre-marginal revolution consumer theory based on subjective exchange ratios. We introduce two…

理论经济学 · 经济学 2025-11-19 Yuhki Hosoya

This work's purpose is to understand the dynamics of some social systems whose properties can be captured by certain iterated function systems. To achieve this intension, we start from the theory of iterated function systems, and then we…

综合金融 · 定量金融 2016-09-20 Shilei Wang

The question of "Justice" still divides social research and moral philosophy. Several Theories of Justice and conceptual approaches compete here, and distributive justice remains a major societal controversy. From an evolutionary point of…

理论经济学 · 经济学 2021-06-03 Andreas Siemoneit

In the large financial market, which is described by a model with countably many traded assets, we formulate the problem of the expected utility maximization. Assuming that the preferences of an economic agent are modeled with a stochastic…

投资组合管理 · 定量金融 2014-10-21 Oleksii Mostovyi

Cooperation is fundamental for society's viability, as it enables the emergence of structure within heterogeneous groups that seek collective well-being. However, individuals are inclined to defect in order to benefit from the group's…

多智能体系统 · 计算机科学 2026-02-10 Yao-hua Franck Xu , Tayeb Lemlouma , Arnaud Braud , Jean-Marie Bonnin

"Personal responsibility", one of the basic principles of modern law, requires one to be responsible for what he did. However, personal responsibility is far from the only norm ruling human interactions, especially in social and economic…

物理与社会 · 物理学 2021-09-15 Guocheng Wang , Qi Su , Long Wang

We present a novel system of equations to describe the evolution of self-organized structured societies (biological or human) composed of several trait groups. The suggested approach is based on the combination of ideas employed in the…

物理与社会 · 物理学 2014-01-08 V. I. Yukalov , E. P. Yukalova , D. Sornette

A dynamic model of the social relations between workers and capitalists is introduced. The model is deduced from the assumption that the law of value is an organising principle of modern economies. The model self-organises into a dynamic…

凝聚态物理 · 物理学 2011-03-24 Ian Wright

We develop a general framework, based on Boltzmann transport theory, to analyze the distribution of wealth in societies. Within this framework we derive the distribution function of wealth by using a two-party trading model for the poor…

统计力学 · 物理学 2016-08-31 Arnab Das , Sudhakar Yarlagadda

Humans are not homo economicus (i.e., rational economic beings). As humans, we exhibit systematic behavioral biases such as loss aversion, anchoring, framing, etc., which lead us to make suboptimal economic decisions. Insofar as such biases…

计算与语言 · 计算机科学 2024-08-07 Jillian Ross , Yoon Kim , Andrew W. Lo

Exchange of services and resources in, or over, networks is attracting nowadays renewed interest. However, despite the broad applicability and the extensive study of such models, e.g., in the context of P2P networks, many fundamental…

计算机科学与博弈论 · 计算机科学 2015-04-09 Leonidas Georgiadis , George Iosifidis , Leandros Tassiulas

This paper presented insights into the implementation of transactive multi-agent systems over flow networks where local resources are decentralized. Agents have local resource demand and supply, and are interconnected through a flow network…

多智能体系统 · 计算机科学 2023-10-11 Yijun Chen , Zeinab Salehi , Elizabeth L. Ratnam , Ian R. Petersen , Guodong Shi

In recent work by Bramoull\'{e} and Kranton, a model for the provision of public goods on a network was presented and relations between equilibria of such a game and properties of the network were established. This model was further…

计算机科学与博弈论 · 计算机科学 2019-06-19 Karan N. Chadha , Ankur A. Kulkarni

This paper presents the foundational ideas for a new way of modeling social aggregation. Traditional approaches have been using network theory, and the theory of random networks. Under that paradigm, every social agent is represented by a…

计算工程、金融与科学 · 计算机科学 2007-05-23 Mirco A. Mannucci , Lisa Sparks , Daniele C. Struppa

This work suggests modifications to a previously introduced class of heterogeneous agent models that allow for the inclusion of different types of agent motivations and behaviours in a unified way. The agents operate within a highly…

交易与市场微观结构 · 定量金融 2009-11-13 H. Lamba , T. Seaman

Game theory has been one of the most successful quantitative concepts to describe social interactions, their strategical aspects, and outcomes. Among the payoff matrix quantifying the result of a social interaction, the interaction…

物理与社会 · 物理学 2017-11-22 Wenjian Yu , Dirk Helbing

The far-reaching gravitational force is described by a heuristic impact model with hypothetical massless entities propagating at the speed of light in vacuum and transferring momentum and energy be- tween massive bodies through interactions…

综合物理 · 物理学 2018-04-12 K. Wilhelm , B. N. Dwivedi

Many real-world systems are composed of interdependent networks that rely on one another. Such networks are typically designed and operated by different entities, who aim at maximizing their own payoffs. There exists a game among these…

物理与社会 · 物理学 2017-03-08 Yuhang Fan , Gongze Cao , Shibo He , Jiming Chen , Youxian Sun