Sep 25, 2020 | 15:00—16:00
This talk by Patricia Palacios (University of Salzburg) will take place online from 15:00-16:00 (CEST/UTC+2) on September 25, 2020. If you are interested in participating, you can join here via Zoom.
Patricia examines the extant literature in econophysics and sociophysics modeling, focusing on models for stock market crashes and Galam models for democratic voting in bottom up hierarchical systems, and suggests that they can be interpreted as minimal models (Weisberg 2007, Batterman and Rice 2014). She concludes 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.