Climate extreme events are constantly increasing. What is the effect of these potentially catastrophic events on insurance demand in Italy, with particular reference to the economic activities? Extreme precipitation events over most of the midlatitude land masses and over wet tropical regions...

We adopt an `epistemic' interpretation of social decisions: there is an objectively correct choice, each voter receives a `noisy signal' of the correct choice, and the social objective is to aggregate these signals to make the best possible guess about the correct choice. One epistemic method is...

The paper discusses the utilization of social complexity studies to enhance our understanding on many social phenomena. The discussions brings the concept of uncertainty in almost everything of social realms and makes some points related to the empirical findings of the power-law distributions...

This note explores the mathematical theory to solve modern gambler’s ruin problems. We establish a ruin framework and solve for the probability of bankruptcy. We also show how this relates to the expected time to bankruptcy and review the risk neutral probabilities associated an adjustment to...

Culture can now be used as an instrument for sustainable economic growth and developmental instrument of cities. By reorganizing the socio-economic fiber of cities and using cultural activities for economic growth, we can drive these cities towards sustainable development. This was successfully...

In the last decade, open source programming technology is widely used among statisticians for developing a new statistical software and data analysis. This is R software environment and the main objective of this paper is to underline the importance of R for statistical computations, data...