Control of the socio-economic systems using herding interactions

DOI10.1016/J.PHYSA.2014.03.003zbMATH Open1402.91602arXiv1309.6105OpenAlexW1971471282MaRDI QIDQ1782800FDOQ1782800

Authors: V. Gontis, Aleksejus Kononovicius 

Publication date: 20 September 2018

Published in: Physica A (Search for Journal in Brave)

Abstract: Collective behavior of the complex socio-economic systems is heavily influenced by the herding, group, behavior of individuals. The importance of the herding behavior may enable the control of the collective behavior of the individuals. In this contribution we consider a simple agent-based herding model modified to include agents with controlled state. We show that in certain case even the smallest fixed number of the controlled agents might be enough to control the behavior of a very large system.

Full work available at URL: https://arxiv.org/abs/1309.6105

Recommendations

• A particle model for the herding phenomena induced by dynamic market signals
• Models of collective threshold behavior in control problems of ecological-economic systems
• scientific article; zbMATH DE number 1241730
• Analysis and intervention of multi-agent systems
• Instantaneous control of interacting particle systems in the mean-field limit

zbMATH Keywords

controlcollective behavioragent-based modelingsocio-economic systems

Mathematics Subject Classification ID

Models of societies, social and urban evolution (91D10) Stochastic systems in control theory (general) (93E03)

Cites Work

• Crises and collective socio-economic phenomena: simple models and challenges
• The Fokker-Planck equation. Methods of solutions and applications.
• Estimation of agent-based models: The case of an asymmetric herding model
• Time variation of higher moments in a financial market with heterogeneous agents: an analytical approach
• Network structure andn-dependence in agent-based herding models
• Minimal agent based model for financial markets. I
• Minimal agent based model for financial markets. II
• Linking agent-based models and stochastic models of financial markets
• Control of the socio-economic systems using herding interactions
• Title not available (Why is that?)

Cited In (8)

• Noisy voter model for the anomalous diffusion of parliamentary presence
• Reduction from non-Markovian to Markovian dynamics: the case of aging in the noisy-voter model
• Empirical analysis and agent-based modeling of the Lithuanian parliamentary elections
• Compartmental voter model
• The principle of coordinated planning in control of social and ecological-economic systems
• Delayed interactions in the noisy voter model through the periodic polling mechanism
• Title not available (Why is that?)
• Control of the socio-economic systems using herding interactions

This page was built for publication: Control of the socio-economic systems using herding interactions

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1782800)