Journal article icon

Journal article

Predictability of large future changes in a competitive evolving population.

Abstract:
The dynamical evolution of many economic, sociological, biological, and physical systems tends to be dominated by a relatively small number of unexpected, large changes ("extreme events"). We study the large, internal changes produced in a generic multiagent population competing for a limited resource, and find that the level of predictability increases prior to a large change. These large changes hence arise as a predictable consequence of information encoded in the system's global state.
Publication status:
Published

Actions


Access Document


Authors


More by this author
Institution:
University of Oxford
Department:
Oxford, MPLS, Mathematical Inst
Johnson, NF More by this author
Journal:
Physical review letters
Volume:
88
Issue:
1
Pages:
017902
Publication date:
2002-01-05
DOI:
EISSN:
1079-7114
ISSN:
0031-9007
URN:
uuid:5b36f874-238e-496a-a1a7-34fa11e5457c
Source identifiers:
25845
Local pid:
pubs:25845

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP