Complex systems: Ecology for bankers

By R. May, Simon A. Levin, George Sugihara. Nature, 2008

658 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/38b97c7a85477d07750a05e3cae0e66de4261aa2

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Citations in the corpus

Economies of contagion: financial crisis and pandemic (2013, background): “Adopting a form of complex network theory, and the analysis of financial systems in terms of dynamic ecosystems prone to flip through ‘tipping points’ into states of instability (May et al., 2008), Haldane extended his comparison with other epidemics, including HIV/AIDS, drawing”
Navigating the adaptive cycle: an approach to managing the resilience of social systems (2015, background): “Memory in a system is retained if a system has high modularity (Biggs et al. 2012), which helps to prevent failure from penetrating all aspects of system function (May et al. 2008, Levin et al. 2013).”
Regime Aware Learning (2016, background): “The phenomenon of regime changes has been studied extensively in the fields of ecology (Scheffer et al., 2001; Andersen et al., 2009), economy and finance (Hamilton, 1989; May et al., 2008), and biology (Pal et al., 2013).”
Social-ecological systems as complex adaptive systems: modeling and policy implications (2012, background): “In economic and financial systems, modularity limits the spread of crises from one country to another (May et al., 2008).”
Hidden attractors in dynamical systems (2016, background): “markets [15, 16] and many applied engineering systems [17–20] are modeled by complex dynamical systems which are characterized by the existence of many coexisting attractors.”
General Resilience to Cope with Extreme Events (2012, background): “Tradeoffs between modularity and openness with respect to system fragility are understood for some ecosystems [27,29], and ecological principles have been applied to banking networks [30].”