3 papers
q-fin.RM2013
Quantifying the Impact of Leveraging and Diversification on Systemic Risk
Paolo Tasca, Pavlin Mavrodiev, Frank Schweitzer
Excessive leverage, i.e. the abuse of debt financing, is considered one of the primary factors in the default of financial institutions. Systemic risk results from correlations bet…
physics.soc-ph2013
Quantifying the effects of social influence
Pavlin Mavrodiev, Claudio J. Tessone, Frank Schweitzer
How do humans respond to indirect social influence when making decisions? We analysed an experiment where subjects had to repeatedly guess the correct answer to factual questions,…
physics.soc-ph2012
How can social herding enhance cooperation?
Frank Schweitzer, Pavlin Mavrodiev, Claudio J. Tessone
We study a system in which N agents have to decide between two strategies θ_i (i \in 1... N), for defection or cooperation, when interacting with other n agents (either spatial nei…