1,533 research outputs found

    Evolutionary modeling in economics : recent history and immediate prospects

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    Abstract not availablemathematical economics and econometrics ;

    Discrete stochastic processes, replicator and Fokker-Planck equations of coevolutionary dynamics in finite and infinite populations

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    Finite-size fluctuations in coevolutionary dynamics arise in models of biological as well as of social and economic systems. This brief tutorial review surveys a systematic approach starting from a stochastic process discrete both in time and state. The limit N→∞N\to \infty of an infinite population can be considered explicitly, generally leading to a replicator-type equation in zero order, and to a Fokker-Planck-type equation in first order in 1/N1/\sqrt{N}. Consequences and relations to some previous approaches are outlined.Comment: Banach Center publications, in pres

    The conflict interaction between two complex systems. Cyclic migration

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    We construct and study a discrete time model describing the conflict interaction between two complex systems with non-trivial internal structures. The external conflict interaction is based on the model of alternative interaction between a pair of non-annihilating opponents. The internal conflict dynamics is similar to the one of a predator-prey model. We show that the typical trajectory of the complex system converges to an asymptotic attractive cycle. We propose an interpretation of our model in terms of migration processes
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