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We consider a model of contagion in financial networks recently introduced in Gai, P. and Kapadia, S. [Contagion in financial networks, Proc. R. Soc. A 466(2120) (2010) 2401–2423], and we characterize the effect of a few features empirically observed in real networks on the stability of the...
Persistent link: https://www.econbiz.de/10010570063
Complex systems — when treated as systems accessible to natural sciences — pose tremendous requirements on data. Usually these requirements obstruct a scientific understanding of social phenomena on scientific grounds. Due to developments in IT, new collective human behavior, new dimensions...
Persistent link: https://www.econbiz.de/10011010880
No abstract received.
Persistent link: https://www.econbiz.de/10010567939
It has often been noted that most of the major world religions espouse a version of the "golden rule." In this paper we consider the cultural evolution of such a doctrine, where the responsibility to act altruistically towards others applies universally, not just to other members of the same...
Persistent link: https://www.econbiz.de/10008672366