471 citations · 1.3k across the 58 of their papers we have counts for
4 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…
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…
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…