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|Title:||Symbiosis in the Bak-Sneppen model for biological evolution with economic applications|
|Citation:||Physica A, 2006; 365(2):499-508|
|Publisher:||Elsevier Science BV|
|Organisation:||Special Research Centre for the Subatomic Structure of Matter|
|M. Bartolozzi, D. B. Leinweber, and A. W. Thomas|
|Abstract:||In the present work we extend the Bak-Sneppen model for biological evolution by introducing local interactions between species. This 'environmental' perturbation modifies the intrinsic fitness of each element of the ecology, leading to higher survival probability, even for the less fit.While the system still self-organizes toward a critical state, the distribution of fitness broadens, losing the classical step-function shape. A possible application in economics is discussed, where firms are represented like evolving species linked by mutual interests.|
|Keywords:||Complex systems; Evolution/extinction; Self-organized criticality; Econophysics|
|Appears in Collections:||Physics publications|
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