Swarms dynamics approach to behavioral economics: Theoretical tools and price sequences.
This paper presents a development of the mathematical theory of swarms towards a systems approach to behavioral dynamics of social and
economical systems. The modeling approach accounts for the ability of social entities are to develop a specific strategy which is heterogeneously distributed by interactions which are nonlinearly additive. A detailed application to the modeling of the dynamics of prices in the interaction between buyers and sellers is developed to describe the predictive ability of the model.
BELLOMO Nicola;
DE NIGRIS Sarah;
KNOPOFF Damian;
MORINI Matteo;
TERNA Pietro;
2020-11-05
AMER INST MATHEMATICAL SCIENCES-AIMS
JRC122208
1556-1801 (online),
www.aimsciences.org/article/doi/10.3934/nhm.2020022?viewType=html,
https://publications.jrc.ec.europa.eu/repository/handle/JRC122208,
10.3934/nhm.2020022 (online),
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