We present a model of a prison with two types of inmates. One (recidivists) is a better organized and has more influence on the formation of opinions, whereas the second one is more susceptible to the influence of internal and external pressure. We study, via computer simulations, the interplay...

We present and study a lattice (Monte Carlo) model of a food web consisting of three levels. Agents on the lowest level produce food from dead agents (detritus) of the upper levels and are themselves eaten by the first level species, which in turn are prey for the top level species. Agents which...

A simple model describing the dynamics of opinion forming in a two-party society is presented. Using a Monte Carlo simulation, we show what is the role played by the mobility of the electorate and the size of the groups within which opinions are exchanged. Each individual is characterized by its...

Abstract. Specialized topics on financial data analysis from a numerical and physical point of view are discussed when pertaining to the analysis of coherent and random sequences in financial fluctuations within (i) the extended detrended fluctuation analysis method, (ii) multi-affine analysis...

Selecting stock portfolios and assessing their relative volatility risk compared to the market as a whole, market indices, or other portfolios is of great importance to professional fund managers and individual investors alike. Our research uses the cross-sectional intrinsic entropy (CSIE) model...

Credit risk rating is shown to be a relevant determinant in order to estimate good corporate governance and to self-optimize capital structure. The conclusion is argued from a study on a selected (and justified) sample of (182) companies listed on the Shanghai Stock Exchange (SHSE) and the...

Smart beta exchange-traded funds (SB ETFs) have caught the attention of investors due to their supposed ability to offer a better risk-return trade-off than traditionally structured passive indices. Yet, research covering the performance of SB ETFs benchmarked to traditional cap-weighted market...