Negotiation theories focus on descriptions of various factors that influence the outcome of negotiations. Although the relationship between these factors and the outcome of the negotiation cannot be denied the result of the negotiation is clearly not predetermined but is worked out during the...

To maintain stability yet retain the flexibility to adapt to changing circumstances, social systems must strike a balance between the maintenance of a shared reality and the survival of minority opinion. A computational model is presented that investigates the interplay of two basic,...

Computer simulations, one of the most powerful tools of science, have many uses. This paper concentrates on the benefits to the social science researcher. Based on our, somewhat paradoxical experiences we had when working with computer simulations, we argue that the main benefit for the...

Proving the existence of speculative financial bubbles even a posteriori has proven exceedingly difficult so anticipating a speculative bubble ex ante would at first seem an impossible task. Still as illustrated by the recent turmoil in financial markets initiated by the so called subprime...

P.W. Anderson proposed the concept of complexity in order to describe the emergence and growth of macroscopic collective patterns out of the simple interactions of many microscopic agents. In the physical sciences this paradigm was implemented systematically and confirmed repeatedly by...

We use insight from a model of earth tectonic plate movement to obtain a new understanding of the build up and release of stress in the price dynamics of the worlds stock exchanges. Nonlinearity enters the model due to a behavioral attribute of humans reacting disproportionately to big changes....

The great fish war game by Levhari and Mirman is studied under the limiting average utility criterion. It turns out that a stationary equilibrium in this game has a turnpike property, leads to higher steady state compared with those of discounted games but gives a higher steady state...

Human decision making by professionals trading daily in the stock market can be a daunting task. It includes decisions on whether to keep on investing or to exit a market subject to huge price swings, and how to price in news or rumors attributed to a specific stock. The question then arises how...

The great fish war game by Levhari and Mirman is studied under the limiting average utility criterion. It turns out that a stationary equilibrium in this game has a turnpike property, leads to higher steady state compared with those of discounted games but gives a higher steady state...

This paper deals with the ways of visualizing the process of conflict escalation, settlement, and resolution. It starts with a discussion of mental models, i.e. small-scale subjective representations of reality that constitute a platform for action and decision-making. It is explained how the...