Predictability of large future changes in a competitive evolving population.
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 limi...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2002
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| Summary: | 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. |
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