Self-organized evolution in socio-economic environments

Details Self-organized evolution in socio-economic environments Self-organized evolution in socio-economic environments

1999-05-26

arxiv.org/abs/cond-mat/9905387v1

Physics

Condensed Matter

Statistical Mechanics

4 pages RevTeX; needs epsf.sty and rotate.sty; submitted to Phys Rev Lett

Scientific paper

10.1103/PhysRevE.61.3466

We propose a general scenario to analyze social and economic changes in modern environments. We illustrate the ideas with a model that incorporating the main trends is simple enough to extract analytical results and, at the same time, sufficiently complex to display a rich dynamic behavior. Our study shows that there exists a macroscopic observable that is maximized in a regime where the system is critical, in the sense that the distribution of events follow power-laws. Computer simulations show that, in addition, the system always self-organizes to achieve the optimal performance in the stationary state.

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