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Fr, 07.12.2018 15:00

Can physics tell us when democratic systems may be unstable

Can physics tell us when democratic systems may be unstable

We examine the extant literature in econophysics and sociophysics modeling, in particular models for stock market crashes, voting contagion and Galam models for democratic voting in bottom up hierarchical systems, and suggest that they can be interpreted as minimal models (Weisberg 2007, Batterman and Rice 2014). We conclude that these highly idealized minimal models aid us in identifying possible interventions (á la Woodward 2003) and can help us explain how democracy is destabilized.

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Speaker: Patricia Palacios

 

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