Seminar 14th May 2014 3 p.m. Building 59, Room 1257, Highfield Campus, University of Southampton
Dynamic Networks in Biological and Financial Markets
Dr Steve Phelps
- Web page
- http://sphelps.net/
- Categories
- Complex Systems
- Submitter
- Luke Goater
Dr Steve Phelps
I’d like to invite you to attend a seminar, on Wednesday 14th May at 3pm. The talk will be given by Dr Steve Phelps. Steve’s work is very relevant to many of you, it spans fundamental complex system simulation (agent-based), social networks, animal and human behaviour, financial markets, game theory, behavioural economics and the like. Steve has also been very supportive of the DTC and ICSS over the years, so please do attend, after all part of the talk will be about reciprocity.
Abstract
Many models of network formation implicitly assume that network properties are static in steady-state. In contrast, many real-world networks are highly dynamic: allegiances and collaborations expire and may or may not be renewed at a later date. In this talk I will given an overview of how dynamic networks can arise: i) via indirect and direct reciprocity in a biological market, and (ii) via market microstructure in a financial market. Finally I will conclude by discussing common aspects of both biological and artificial markets.
Bibliography
Phelps, S. (2013). Emergence of social networks via direct and indirect reciprocity. Journal of Autonomous Agents and Multiagent Systems, 27(3), 355–374.
Russell, Y. I., & Phelps, S. (2013). How do you measure pleasure? A discussion about intrinsic costs and benefits in primate allogrooming. Biology and Philosophy, 28(6), 1005–1020.
Phelps, S, and K. Musial-Gabrys (2012). "Network motifs for microeconomic analysis." CCFEA Working Paper WP063-12