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In this article, the authors discuss a dynamic procedure that makes fractional derivatives emerge in the time asymptotic limit of non-Poisson processes. The authors find that two-state fluctuations, with an inverse power-law distribution of waiting times, finite first moment, and divergent...
Persistent link: https://www.econbiz.de/10009475016
In this article, the authors study a fully connected network (cluster) of interacting two-state units as a model of cooperative decision making. Each unit in isolation generates a Poisson process with rate g. The authors show that when the number of nodes is finite, the decision-making process...
Persistent link: https://www.econbiz.de/10009475057
We study the response to perturbation of non-Poisson dichotomous fluctuations that generate super-diffusion. We adopt the Liouville perspective and with it a quantum-like approach based on splitting the density distribution into a symmetric and an anti-symmetric component. To accomodate the...
Persistent link: https://www.econbiz.de/10010590036
The dynamics of a two-state decision-making model (DMM) with a tunable control parameter K is described. On all-to-all (ATA) networks, the system undergoes a phase transition at a critical value of Kc=1. Scale-free networks were also found to undergo phase transitions, but the value of Kc...
Persistent link: https://www.econbiz.de/10011059252
We address the issue of the dynamical origin of scale-free link distributions. We study a two-dimensional lattice of cooperatively interacting units. Although the units interact only with the four nearest neighbors, a sufficiently large cooperation strength generates dynamically a scale-free...
Persistent link: https://www.econbiz.de/10011061418
The logistic equation is one of the most familiar nonlinear differential equations in the biological and social sciences. Herein we provide an exact solution to an extension of this equation to incorporate memory through the use of fractional derivatives in time. The solution to the fractional...
Persistent link: https://www.econbiz.de/10011264545
Persistent link: https://www.econbiz.de/10005337253
A computational model for the distribution of wealth among the members of an ideal society is presented. It is determined that a realistic distribution of wealth depends upon two mechanisms: an asymmetric flux of wealth in trading transactions that advantages the poorer of the two traders and a...
Persistent link: https://www.econbiz.de/10005084149
Persistent link: https://www.econbiz.de/10004613981
Persistent link: https://www.econbiz.de/10010870048