We present a nonlinear ordinary differential equation model of the conflict between two actors, who could be individuals, groups, or nations. The state of each actor depends on its own state in isolation, its previous state in time, its inertia to change, and the positive feedback (cooperation)...

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...

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...

The model of dynamic social influence is used to describe the coordination of individual economic decisions. Computer simulations of the model show that the social and economic transitions occur as growing clusters of “new” in the sea of old. The model formulated at the individual level may...

The Traditional Approach to Finance -- Behavioral Finance -- Financial Markets as Interacting Individuals: Price Formation From Models of Complexity -- A Psychological Galilean Principle for Price Movements: Fundamental Framework for Technical Analysis -- Catching Animal Spirits: Using...