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As the recent financial crisis showed, today there is a strong need to gain "ecological perspective" of all relevant interactions in socio-economic-techno-environmental systems. For this, we suggested to set-up a network of Centers for integrative systems design, which shall be able to run all...
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This paper presents and derives the interrelations between survival analysis and master equation. Survival analysis deals with modeling the transitions between succeeding states of a system in terms of hazard rates. Questions related with this are the timing and sequencing of the states of a...
Persistent link: https://www.econbiz.de/10014053142
Situations where individuals have to contribute to joint efforts or share scarce resources are ubiquitous. Yet, without proper mechanisms to ensure cooperation, the evolutionary pressure to maximize individual success tends to create a tragedy of the commons (such as over-fishing or the...
Persistent link: https://www.econbiz.de/10014193291
Does inequality hinder or promote cooperation? To answer this question, we study a Prisoner’s Dilemma with local adaptation, to which we add heterogeneity in payoffs. In our model, agents vary in their wealth, and this inequality affects their potential gains and losses. We find that, in such...
Persistent link: https://www.econbiz.de/10014193639
Game theory formalizes certain interactions between physical particles or between living beings in biology, sociology, and economics, and quantifies the outcomes by payoffs. The prisoner's dilemma (PD) describes situations in which it is profitable if everybody cooperates rather than defects...
Persistent link: https://www.econbiz.de/10014195538
Since the advent of computers, the natural and engineering sciences have enormously progressed. Computer simulations allow one to understand interactions of physical particles and make sense of astronomical observations, to describe many chemical properties ab initio, and to design...
Persistent link: https://www.econbiz.de/10013034904
Quantitative Sociodynamics presents a general strategy for interdisciplinary model building and its application to a quantitative description of behavioural changes based on social interaction processes. Originally, the crucial methods for the modeling of complex systems (stochastic methods and...
Persistent link: https://www.econbiz.de/10013520178