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20 April 2024

» arxiv » 1409.3296

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Endogenous crisis waves: a stochastic model with synchronized collective behavior
Stanislao Gualdi ; Jean-Philippe Bouchaud ; Giulia Cencetti ; Marco Tarzia ; Francesco Zamponi ;
Date:	11 Sep 2014
Abstract:	We propose a simple framework to understand commonly observed crisis waves in macroeconomic Agent Based models, that is also relevant to a variety of other physical or biological situations where synchronization occurs. We compute exactly the phase diagram of the model and the location of the synchronization transition in parameter space. Many modifications and extensions can be studied, confirming that the synchronization transition is extremely robust against various sources of noise or imperfections.
Source:	arXiv, 1409.3296
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