2.1k citations · 6.9k across the 67 of their papers we have counts for
6 papers · 1 filter
The Instability of Markets
Tad Hogg, Bernardo A. Huberman, Michael Youssefmir
Recent developments in the global liberalization of equity and currency markets, coupled to advances in trading technologies, are making markets increasingly interdependent. This i…
Clustered Volatility in Multiagent Dynamics
Michael Youssefmir, Bernardo Huberman
Large distributed multiagent systems are characterized by vast numbers of agents trying to gain access to limited resources in an unpredictable environment. Agents in these system…
Communities of Practice: Performance and Evolution
Bernardo A. Huberman, Tad Hogg
We present a detailed model of collaboration in communities of practice and we examine its dynamical consequences for the group as a whole. We establish the existence of a novel me…
Bubbles and Market Crashes
Michael Youssefmir, Bernardo Huberman, Tad Hogg
We present a dynamical theory of asset price bubbles that exhibits the appearance of bubbles and their subsequent crashes. We show that when speculative trends dominate over fundam…
Beliefs and Cooperation
Bernardo A. Huberman, Natalie S. Glance
Individuals in groups must often choose between acting selfishly and cooperating for the common good. The choices they make are based on their beliefs on how they expect their acti…
Training and Turnover in Organizations
Natalie S. Glance, Tad Hogg, Bernardo A. Huberman
We present a two-level model of organizational training and agent production. Managers decide whether or not to train based on both the costs of training compared to the benefits a…