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In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a broad class of random linear systems) decreases with increasing complexity, sparking a revolution in our understanding of ecosystem dynamics. Twenty-five years later, May,...
Persistent link: https://www.econbiz.de/10012610199
The importance of correct and clear decisions during a complex and difficult situation is very easy to understand, but not so easy to achieve. Especially in situations where decision-makers must decide under time pressure and uncertainty. For instance, typical crisis situations have such...
Persistent link: https://www.econbiz.de/10012703670
A logical strategy to contain the COVID-19 pandemic is to completely isolate everyone for two weeks (the incubation period of the virus). However, such a strategy can have prohibitive economic and social costs and, therefore, will be difficult to implement. At the same time, the current...
Persistent link: https://www.econbiz.de/10012839401
The importance of correct and clear decisions during a complex and difficult situation is very easy to understand, but not so easy to achieve. Especially in situations where decision-makers must decide under time pressure and uncertainty. For instance, typical crisis situations have such...
Persistent link: https://www.econbiz.de/10012604201
We propose in this report decisive and constructive responses to critical appraisals of the Agenda 2030, the Sustainable Development Goals, and the EU taxonomy. The lack of transparency and accountability plaguing these vitally important efforts can be rectified by means of systematic...
Persistent link: https://www.econbiz.de/10013312543
In a seminal 1972 paper, Robert M. May asked: "Will a Large Complex System Be Stable?" and argued that stability (of a broad class of random linear systems) decreases with increasing complexity, sparking a revolution in our understanding of ecosystem dynamics. Twenty-five years later, May,...
Persistent link: https://www.econbiz.de/10012291950
In regret analysis, an entity (either an individual or a group or a country) feels regret by taking a decision for any particular action when there are other ways to act. Such regret often motivates someone to settle conflict. The present paper discusses such a possibility using a mathematical...
Persistent link: https://www.econbiz.de/10014114181
In a seminal 1972 paper, Robert M. May asked: “Will a Large Complex System Be Stable?” and argued that stability (of a broad class of random linear systems) decreases with increasing complexity, sparking a revolution in our understanding of ecosystem dynamics. Twenty-five years later, May,...
Persistent link: https://www.econbiz.de/10014093361
Many different robust estimation approaches for the covariance or shape matrix of multivariate data have been established until today. Tyler's M-estimator has been recognized as the 'most robust' M-estimator for the shape matrix of elliptically symmetric distributed data. Tyler's Mestimators for...
Persistent link: https://www.econbiz.de/10010304422
Many governments introduced temporary adjustments to counter the economic and health consequences of the COVID-19 pandemic. We study the importance of already existing government transfers and pandemic measures to mitigate individual income losses during the pandemic in Sweden using a...
Persistent link: https://www.econbiz.de/10014542210