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Publication Name: Econophysics Forum

Brief description: Econophysics Forum is the central resource for interdisciplinary collaboration between physicists and the social sciences, providing up-to-date news and information on the latest events and research along with a huge archive of scientific papers and other resources.

Owner Name: University of Fribourg

Joined: October 5th, 2011

Activity

Econophysics Forum wrote a new blog post titled Evolutionary Model of a Anonymous Consumer Durable Market

A analytic model is presented that considers the evolution of a market of durable goods. The model suggests that after introduction goods spread always according to Bass diffusion. However, this phase will be followed for durable consumer goods by a diffusion process governed by a variation-selection-reproduction mechanism and the growth dynamics can be described by a replicator equation.The theory suggests that products play the role of species in biological evolutionary models. It implies that the evolution of man made products can be arranged into an evolutionary tree. The model also...
(1574 days ago)

Econophysics Forum wrote a new blog post titled Economics 2.0: The Natural Step towards A Self-Regulating, Participatory Market Society

Despite all our great advances in science, technology and financial innovations, many societies today are struggling with a financial, economic and public spending crisis, over-regulation, and mass unemployment, as well as lack of sustainability and innovation. Can we still rely on conventional economic thinking or do we need a new approach? I argue that, as the complexity of socio-economic systems increases, networked decision-making and bottom-up self-regulation will be more and more important features. It will be explained why, besides the "homo economicus" with strictly self-regarding...
(1585 days ago)

Econophysics Forum wrote a new blog post titled Self-healing networks: redundancy and structure

We introduce the concept of self-healing in the field of complex networks. Obvious applications range from infrastructural to technological networks. By exploiting the presence of redundant links in recovering the connectivity of the system, we introduce self-healing capabilities through the application of distributed communication protocols granting the "smartness" of the system. We analyze the interplay between redundancies and smart reconfiguration protocols in improving the resilience of networked infrastructures to multiple failures; in particular, we measure the fraction of nodes still...
(1585 days ago)

About:

Econophysics Forum is the central resource for interdisciplinary collaboration between physicists and the social sciences, providing up-to-date news and information on the latest events and research along with a huge archive of scientific papers and other resources.