Inspired by the bankruptcy of Lehman Brothers and its consequences on the global financial system, we develop a simple model in which the Lehman default event is quantified as having an almost immediate effect in worsening the credit worthiness of all financial institutions in the economic...

In many social dilemmas, individuals tend to generate a situation with low payoffs instead of a system optimum ("tragedy of the commons"). Is the routing of traffic a similar problem? In order to address this question, we present experimental results on humans playing a route choice game in a...

We analyze emotionally annotated massive data from Internet relay chat (IRC) as well as from BBC forum website and model the dialogues between chat participants by assuming that the driving force for the discussion is the entropy growth of emotional probability distribution. This process is...

A class of models of opinion formation based on the concept of cellular automata and the theory of social impact is studied, in particular the case when a strong leader and external impact are present. The rapid changes of the opinion distribution with a continuous change of a system parameter,...