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We present a generalized dynamical model describing the sharing of information, and corresponding herd behavior, in a population based on the recent model proposed by Eguiluz and Zimmermann. By introducing a size-dependent probability for…

无序系统与神经网络 · 物理学 2007-05-23 Dafang Zheng , P. M. Hui , N. F. Johnson

We present generalized dynamical models describing the sharing of information, and the corresponding herd behavior, in a population based on the recent model proposed by Egu\'{\i}luz and Zimmermann (EZ) [Phys. Rev. Lett. 85, 5659 (2000)].…

统计力学 · 物理学 2009-11-07 Dafang Zheng , P. M. Hui , K. F. Yip , N. F. Johnson

We study self-organized models for information transmission and herd behavior in financial markets. Existing models are generalized to take into account the effect of size-dependent fragmentation and coagulation probabilities of groups of…

无序系统与神经网络 · 物理学 2009-11-07 Dafang Zheng , G. J. Rodgers , P. M. Hui , R. D'Hulst

A cluster theory based mathematical model was developed and used to simulate the dynamics of a system composed of a large number of interacting agents-clusters with different size. The case of a system formed by a constant total number of…

物理与社会 · 物理学 2007-05-23 Vitalie Eremeev , Ion Rasca , Florentin Paladi

We introduce a simple agent-based model which allows us to analyze three stylized facts: a fat-tailed size distribution of companies, a `tent-shaped' growth rate distribution, the scaling relation of the growth rate variance with firm size,…

综合金融 · 定量金融 2013-11-26 Cornelia Metzig , Mirta B. Gordon

We introduce and solve a model that mimics the herding effect in financial markets when groups of agents share information. The number of agents in the model is growing and at each time step either (i) with probability $p$ an incoming agent…

无序系统与神经网络 · 物理学 2009-11-07 G. J. Rodgers , Dafang Zheng

In the preceding paper we presented empirical results describing the growth of publicly-traded United States manufacturing firms within the years 1974--1993. Our results suggest that the data can be described by a scaling approach. Here, we…

Organizational growth processes have consistently been shown to exhibit a fatter-than-Gaussian growth-rate distribution in a variety of settings. Long periods of relatively small changes are interrupted by sudden changes in all size scales.…

物理与社会 · 物理学 2014-08-13 Hernan Mondani , Petter Holme , Fredrik Liljeros

The dynamics of many socioeconomic systems is determined by the decision making process of agents. The decision process depends on agent's characteristics, such as preferences, risk aversion, behavioral biases, etc.. In addition, in some…

统计金融 · 定量金融 2009-11-13 Gabriella Vaglica , Fabrizio Lillo , Esteban Moro , Rosario N. Mantegna

We consider an agent-based model in which two types of agents interact locally over a graph and have a common intolerance threshold $\tau$ for changing their types with exponentially distributed waiting times. The model is equivalent to an…

社会与信息网络 · 计算机科学 2018-01-08 Hamed Omidvar , Massimo Franceschetti

The relationship between the size and the variance of firm growth rates is known to follow an approximate power-law behavior $\sigma(S) \sim S^{-\beta(S)}$ where $S$ is the firm size and $\beta(S)\approx 0.2$ is an exponent weakly dependent…

统计金融 · 定量金融 2009-11-13 Massimo Riccaboni , Fabio Pammolli , Sergey V. Buldyrev , Linda Ponta , H. Eugene Stanley

We address the issue of the distribution of firm size. To this end we propose a model of firms in a closed, conserved economy populated with zero-intelligence agents who continuously move from one firm to another. We then analyze the size…

综合金融 · 定量金融 2011-12-12 Anindya S. Chakrabarti

We address the question of the growth of firm size. To this end, we analyze the Compustat data base comprising all publicly-traded United States manufacturing firms within the years 1974-1993. We find that the distribution of firm sizes…

In numerous settings, agents lack sufficient data to directly learn a model. Collaborating with other agents may help, but it introduces a bias-variance trade-off, when local data distributions differ. A key challenge is for each agent to…

机器学习 · 计算机科学 2025-02-20 Franco Galante , Giovanni Neglia , Emilio Leonardi

It is shown that under certain conditions it is possible to model a complex system in a way that leads to results that do not depend on system size. As an example of complex system an innovation diffusion model is considered. In that model…

物理与社会 · 物理学 2017-07-28 Carlos E. Laciana , Gustavo Pereyra , Santiago L. Rovere

One dimensional stylized model taking into account spatial activity of firms with uniformly distributed customers is proposed. The spatial selling area of each firm is defined by a short interval cut out from selling space (large interval).…

综合金融 · 定量金融 2008-12-02 Zoltan Kuscsik , Denis Horvath

In this work we introduce an approach for modeling and analyzing collective behavior of a group of agents using moments. We represent the group of agents via their distribution and derive a method to estimate the dynamics of the moments. We…

最优化与控制 · 数学 2020-04-30 Silun Zhang , Axel Ringh , Xiaoming Hu , Johan Karlsson

We present the results of detailed numerical study of a model for the sharing and sorting of informations in a community consisting of a large number of agents. The information gathering takes place in a sequence of mutual bipartite…

物理与社会 · 物理学 2015-06-16 Biplab Bhattacherjee , S. S. Manna , Animesh Mukherjee

We study mathematical models of the collaborative solving of a two-choice discrimination task. We estimate the difference between the shared performance for a group of n observers over a single person performance. Our paper is a theoretical…

物理与社会 · 物理学 2013-03-13 Piotr Migdał , Michał Denkiewicz , Joanna Rcaczaszek-Leonardi , Dariusz Plewczynski

A local culture denotes a commonly shared behaviour within a cluster of firms. Similar to social norms or conventions, it is an emergent feature resulting from the firms' interaction in an economic network. To model these dynamics, we…

物理与社会 · 物理学 2009-04-07 Patrick Groeber , Frank Schweitzer , Kerstin Press
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