PubMed · 11800987
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.
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D Lamper, S D Howison, N F Johnson. 2001-12-14. Predictability of large future changes in a competitive evolving population.. https://doi.org/10.1103/physrevlett.88.017902
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