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Predictability Of Large Future Changes In A Competitive Evolving Population

PHYSICAL REVIEW LETTERS, no. 1 (2002): 017902-017902

Cited: 92|Views35
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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 predictab...More

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