Showing 1 - 10 of 34
Background: Since the attribution of the Nobel prize in 2002 to Kahneman for prospect theory, behavioral finance has become an increasingly important subfield of finance. However the main parts of behavioral finance, prospect theory included, understand financial markets through individual...
Persistent link: https://www.econbiz.de/10010762663
Background: Since the attribution of the Nobel prize in 2002 to Kahneman for prospect theory, behavioral finance has become an increasingly important subfield of finance. However the main parts of behavioral finance, prospect theory included, understand financial markets through individual...
Persistent link: https://www.econbiz.de/10010898435
We study the effect of inflexible agents on two state opinion dynamics. The model operates via repeated local updates of random grouping of agents. While floater agents do eventually flip their opinion to follow the local majority, inflexible agents keep their opinion always unchanged. It is a...
Persistent link: https://www.econbiz.de/10010872591
Public debates driven by incomplete scientific data where nobody can claim absolute certainty, due to the current state of scientific knowledge, are studied. The cases of evolution theory, global warming and H1N1 pandemic influenza are investigated. The first two are of controversial impact...
Persistent link: https://www.econbiz.de/10010872984
Some universal features are independent of both the social nature of the individuals making the decision and the nature of the decision itself. On this basis a simple magnet like model is built. Pair interactions are introduced to measure the degree of exchange among individuals while...
Persistent link: https://www.econbiz.de/10010874034
A modified version of a finite random field Ising ferromagnetic model in an external magnetic field at zero temperature is presented to describe group decision making. Fields may have a non-zero average. A postulate of minimum inter-individual conflicts is assumed. Interactions then produce a...
Persistent link: https://www.econbiz.de/10010874042
The origins of Sociophysics are discussed from a personal testimony. I trace back its history to the late 1970s. My 20 years of activities and research to establish and promote the field are reviewed. In particular, the conflicting nature of Sociophysics with the physics community is revealed...
Persistent link: https://www.econbiz.de/10010874143
The dynamics of opinion about the controversy of abnormal death of bees is studied among French speaking journalists using a corpus of 1467 articles published in newspapers during the period 1998–2010. From a systematic textual analysis, each article is tagged to either one of three stances to...
Persistent link: https://www.econbiz.de/10011057292
The 2-spin Ising model in statistical mechanics and the 2×2 normal form game in game theory are compared. All configurations allowed by the second are recovered by the first when the only concern is about Nash equilibria. But it holds no longer when Pareto optimum considerations are introduced...
Persistent link: https://www.econbiz.de/10011057298
Site percolation thresholds are reproduced in all dimensions for all lattices using a linear combination of two analytic terms. One is the well known Cayley tree percolation threshold which is believed to be exact at infinite dimension. The other one is obtained from a new approach to...
Persistent link: https://www.econbiz.de/10011057593