Cascading failures are one of the main reasons for blackouts in electric power transmission grids. The economic cost of such failures is in the order of tens of billion dollars annually. The loading level of power system is a key aspect to determine the amount of the damage caused by cascading...

In this paper we explore the usefulness of a particular model of bounded rationality in the context of voting to show a crucial relationship between uncertainty about players' actions (in the information that voters receive or in how they make their decisions) and levels of turnout. The model...

This paper presents a model of consumer boycotts where the discrete choices of concerned consumers are represented as a stochastic processes. We solve for the limiting distribution of the process and analyze its properties. We then discuss how the model relates to game-theoretic models of...