104 citations · 470 across the 20 of their papers we have counts for
24 papers
Inflation as an emergent phenomenon
Alessio Emanuele Biondo, Mauro Gallegati
We develop an agent-based model in which inflation emerges from decentralized price-setting and credit-financed production in an endogenous-money economy. Firms operate under worki…
The Paradox of Talent: how Chance affects Success in Tennis Tournaments
Chiara Zappalá, Alessio Emanuele Biondo, Alessandro Pluchino +1
Individual sports competitions provide a natural setting for examining the relative importance of talent and luck/chance in achieving success. The belief that success is primarily…
Mr.Keynes and the... Complexity! A suggested model for the General Theory
Alessio Emanuele Biondo
This paper presents a mathematical model of J.M. Keynes' The General Theory of Employment, Interest, and Money. The main message of Keynes remains intact: it is the preference for…
Objective and perceived risk in seismic vulnerability assessment at urban scale
Eliana Fischer, Alessio Emanuele Biondo, Annalisa Greco +3
The assessment of seismic risk in urban areas with high seismicity is certainly one of the most important problems that territorial managers have to face. A reliable evaluation of…
Pairwise and high-order dependencies in the cryptocurrency trading network
Tomas Scagliarini, Giuseppe Pappalardo, Alessio Emanuele Biondo +3
In this paper we analyse the effects of information flows in cryptocurrency markets. We first define a cryptocurrency trading network, i.e. the network made using cryptocurrencies…
A dynamic model of Tax Evasion
Alessio Emanuele Biondo, Giulio Burgio, Alessandro Pluchino +1
In this paper we present a simplified model of a proportional taxation system where citizens decide whether to pay taxes or evade them. We initially derive a dynamic equation for t…
Authoritarianism vs. democracy: Simulating responses to disease outbreaks
A. E. Biondo, G. Brosio, A. Pluchino +1
Disease outbreaks force the governments to rapid decisions to deal with. However, the rapid stream of decision-making could be costly in terms of the democratic representativeness.…
A Novel Methodology for Epidemic Risk Assessment of COVID-19 outbreak
A. Pluchino, A. E. Biondo, N. Giuffrida +6
We propose a novel data-driven framework for assessing the a-priori epidemic risk of a geographical area and for identifying high-risk areas within a country. Our risk index is eva…
Inequalities, chance and success in sport competitions: simulations vs empirical data
Pawel Sobkowicz, Robert H Frank, Alessio E Biondo +2
We present a new way of estimation of the role of chance in achieving success, by comparing the empirical data from 100-meter dash competitions (one of the sports disciplines with…
On the origins of extreme wealth inequality in the Talent vs Luck Model
Damien Challet, Alessandro Pluchino, Alessio Emanuele Biondo +1
While wealth distribution in the world is highly skewed and heavy-tailed, human talent - as the majority of individual features - is normally distributed. In a recent computational…
Exploring the Role of Interdisciplinarity in Physics: Success, Talent and Luck
Alessandro Pluchino, Giulio Burgio, Andrea Rapisarda +4
Although interdisciplinarity is often touted as a necessity for modern research, the evidence on the relative impact of sectorial versus to interdisciplinary science is qualitative…
Exploring the role of talent and luck in getting success
Alessandro Pluchino, Alessio. E. Biondo, Andrea Rapisarda
We review recent numerical results on the role of talent and luck in getting success by means of a schematic agent-based model. In general the role of luck is found to be very rele…
A Game of Tax Evasion: evidences from an agent-based model
L. S. Di Mauro, A. Pluchino, A. E. Biondo
This paper presents a simple agent-based model of an economic system, populated by agents playing different games according to their different view about social cohesion and tax pa…
Talent vs Luck: the role of randomness in success and failure
A. Pluchino. A. E. Biondo, A. Rapisarda
The largely dominant meritocratic paradigm of highly competitive Western cultures is rooted on the belief that success is due mainly, if not exclusively, to personal qualities such…
Modelling Surveys Effects in Political Competitions
A. E. Biondo, A. Pluchino, A. Rapisarda
In this paper we study the impact of news media and public surveys on the electoral campaigns for political competitions. We present an agent-based model that addresses the effecti…
A multilayer approach for price dynamics in financial markets
Alessio Emanuele Biondo, Alessandro Pluchino, Andrea Rapisarda
We introduce a new Self-Organized Criticality (SOC) model for simulating price evolution in an artificial financial market, based on a multilayer network of traders. The model also…
Order Book, Financial Markets and Self-Organized Criticality
Alessio Emanuele Biondo, Alessandro Pluchino, Andrea Rapisarda
We present a simple order book mechanism that regulates an artificial financial market with self-organized criticality dynamics and fat tails of returns distribution. The model sho…
Perfect Information vs Random Investigation: Safety Guidelines for a Consumer in the Jungle of Product Differentiation
A. E. Biondo, A. Giarlotta, A. Pluchino +1
We present a graph-theoretic model of consumer choice, where final decisions are shown to be influenced by information and knowledge, in the form of individual awareness, discrimin…
Modelling Financial Markets by Self-Organized Criticality
A. E. Biondo, A. Pluchino, A. Rapisarda
We present a financial market model, characterized by self-organized criticality, that is able to generate endogenously a realistic price dynamics and to reproduce well-known styli…
Micro and Macro Benefits of Random Investments in Financial Markets
Alessio Emanuele Biondo, Alessandro Pluchino, Andrea Rapisarda
In this paper, making use of recent statistical physics techniques and models, we address the specific role of randomness in financial markets, both at the micro and the macro leve…
Reducing Financial Avalanches By Random Investments
Alessio Emanuele Biondo, Alessandro Pluchino, Andrea Rapisarda +1
Building on similarities between earthquakes and extreme financial events, we use a self-organized criticality-generating model to study herding and avalanche dynamics in financial…
Are random trading strategies more successful than technical ones?
A. E. Biondo, A. Pluchino, A. Rapisarda +1
In this paper we explore the specific role of randomness in financial markets, inspired by the beneficial role of noise in many physical systems and in previous applications to com…
The beneficial role of random strategies in social and financial systems
Alessio Emanuele Biondo, Alessandro Pluchino, Andrea Rapisarda
In this paper we focus on the beneficial role of random strategies in social sciences by means of simple mathematical and computational models. We briefly review recent results obt…
Return Migration After Brain Drain: A Simulation Approach
A. E. Biondo, A. Pluchino, A. Rapisarda
The Brain Drain phenomenon is particularly heterogeneous and is characterized by peculiar specifications. It influences the economic fundamentals of both the country of origin and…