Modelling value bubbles in an attention based economy

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Standard

Modelling value bubbles in an attention based economy. / Toftdahl Olesen, Cecilie; Sneppen, Kim.

I: European Physical Journal B, Bind 93, Nr. 3, 36, 02.03.2020.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Toftdahl Olesen, C & Sneppen, K 2020, 'Modelling value bubbles in an attention based economy', European Physical Journal B, bind 93, nr. 3, 36. https://doi.org/10.1140/epjb/e2020-100449-9

APA

Toftdahl Olesen, C., & Sneppen, K. (2020). Modelling value bubbles in an attention based economy. European Physical Journal B, 93(3), [36]. https://doi.org/10.1140/epjb/e2020-100449-9

Vancouver

Toftdahl Olesen C, Sneppen K. Modelling value bubbles in an attention based economy. European Physical Journal B. 2020 mar. 2;93(3). 36. https://doi.org/10.1140/epjb/e2020-100449-9

Author

Toftdahl Olesen, Cecilie ; Sneppen, Kim. / Modelling value bubbles in an attention based economy. I: European Physical Journal B. 2020 ; Bind 93, Nr. 3.

Bibtex

@article{a4a71af2f13148b787ed29559804c9a8,
title = "Modelling value bubbles in an attention based economy",
abstract = "Exchange of products, ideas, and memes is ubiquitous across history and societies. Repeated transactions occasionally leads to {"}bubbles{"} where something becomes disproportionately valuable. Remarkably little has been done to explore this highly non-equilibrium aspect of economic activity. We suggest to view {"}bubble dynamics{"} in terms of a market of memory and attention. We introduce an agent based model where a positive feedback acting on recent memories is counteracted by a slower negative feedback. We discuss the model in the context of fashion cycles and financial bubbles.",
keywords = "Statistical and Nonlinear Physics, EMERGENCE, FEEDBACK, NOVELTY",
author = "{Toftdahl Olesen}, Cecilie and Kim Sneppen",
year = "2020",
month = mar,
day = "2",
doi = "10.1140/epjb/e2020-100449-9",
language = "English",
volume = "93",
journal = "European Physical Journal B. Condensed Matter and Complex Systems",
issn = "1434-6028",
publisher = "Springer",
number = "3",

}

RIS

TY - JOUR

T1 - Modelling value bubbles in an attention based economy

AU - Toftdahl Olesen, Cecilie

AU - Sneppen, Kim

PY - 2020/3/2

Y1 - 2020/3/2

N2 - Exchange of products, ideas, and memes is ubiquitous across history and societies. Repeated transactions occasionally leads to "bubbles" where something becomes disproportionately valuable. Remarkably little has been done to explore this highly non-equilibrium aspect of economic activity. We suggest to view "bubble dynamics" in terms of a market of memory and attention. We introduce an agent based model where a positive feedback acting on recent memories is counteracted by a slower negative feedback. We discuss the model in the context of fashion cycles and financial bubbles.

AB - Exchange of products, ideas, and memes is ubiquitous across history and societies. Repeated transactions occasionally leads to "bubbles" where something becomes disproportionately valuable. Remarkably little has been done to explore this highly non-equilibrium aspect of economic activity. We suggest to view "bubble dynamics" in terms of a market of memory and attention. We introduce an agent based model where a positive feedback acting on recent memories is counteracted by a slower negative feedback. We discuss the model in the context of fashion cycles and financial bubbles.

KW - Statistical and Nonlinear Physics

KW - EMERGENCE

KW - FEEDBACK

KW - NOVELTY

U2 - 10.1140/epjb/e2020-100449-9

DO - 10.1140/epjb/e2020-100449-9

M3 - Journal article

VL - 93

JO - European Physical Journal B. Condensed Matter and Complex Systems

JF - European Physical Journal B. Condensed Matter and Complex Systems

SN - 1434-6028

IS - 3

M1 - 36

ER -

ID: 247691587