The complex interactions between human behaviors and social economic sciences is critically analyzed in this paper in view of possible applications of mathematical modeling as an attainable interdisciplinary approach to understand and simulate the aforementioned dynamics. The quest is developed along three steps: Firstly an overall analysis of social and economic sciences indicates the main requirements that a contribution of mathematical modeling should bring to these sciences; subsequently the focus moves to an overview of mathematical tools and to the selection of those which appear, according to the authors bias, appropriate to the modeling; finally, a survey of applications is presented looking ahead to research perspectives.

In this paper we analyze emergent collective phenomena in the evolution of opinions in a society structured into few interacting nodes of a network. The presented mathematical structure combines two dynamics: a first one on each single node and a second one among the nodes, i.e. in the network. The aim of the model is to analyze the effect of a network structure on a society with respect to opinion dynamics and we show some numerical solutions addressed in this direction, i.e. comparing the emergent behaviors of a consensus-dissent dynamic on a single node when the effect of the network is not considered, with respect to the emergent behaviors when the effect of a network structure linking few interacting nodes is considered. We adopt the framework of the Kinetic Theory for Active Particles (KTAP), deriving a general mathematical structure which allows to deal with nonlinear features of the interactions and representing the conceptual framework toward the derivation of specific models. A specific model is derived from the general mathematical structure by introducing a consensus-dissent dynamics of interactions and a qualitative analysis is given.

This work is dedicated to the study, modeling, and simulation, of the collective dynamics of interacting living entities. The first perspective is to develop a mathematical theory of swarm intelligence for the above mentioned systems. The second perspective is to design the conceptual tools for a theory of artificial intelligence. The aim is to model a dynamics where interacting entities learn from other entities as well as from the environment and external actions. Then, out of this collective learning process, each entity develops a strategy to pursue specific goals through a decision making process that leads to the dynamic. The approach is based on developments of the kinetic theory of active particles. This paper does not naively state that the problem of artificial intelligence for collective dynamics has been exhaustively considered, but some hints are proposed to contribute to such a challenging perspective in view of further developments.

In this paper we present a kinetic model with evolutive stochastic game-type interactions, analyzing the relationship between the level of political competition in a society and the degree of economic liberalization. The above issue regards the complex interactions between economy and institutional policies intended to introduce technological innovations in a society, where technological innovations are intended in a broad sense comprehending reforms critical to production [3]. A special focus is placed on the political replacement effect described in a macroscopic model by Acemoglu and Robinson (AR-model [1], henceforth), which can determine the phenomenon of innovation 'blocking', possibly leading to economic backwardness. One of the goals of our modelization is to obtain a mesoscopic dynamical model whose macroscopic outputs are qualitatively comparable with stylized facts of the AR-model and the comparison is settled in a number of case studies. A set of numerical solutions is presented showing the non monotonous relationship between economic liberalization and political competition in particular conditions, which can be considered as an emergent phenomenon of the analyzed complex socio-economic interaction dynamics.

This paper proposes a model of the dynamics of credit contagion through non-performing loans on financial networks. Credit risk contagion is modeled in the context of the classical SIS (Susceptibles-Infected-Susceptibles) epidemic processes on networks but with a fundamental novelty. In fact, we assume the presence of two different classes of infected agents, and then we differentiate the dynamics of assets subject to idiosyncratic risk from those affected by systemic risk by adopting a SIIS (Susceptible-Infected1-Infected2-Susceptible) model. In the recent literature in this field, the effect of systemic credit risk on the performance of the financial network is a hot topic. We perform numerical simulations intended to explore the roles played by two different network structures on the long-term behavior of assets affected by systemic risk in order to analyze the effect of the topology of the underlying network structure on the spreading of systemic risk on the structure. Random graphs, i.e., the Erdös–Rényi model, are considered “benchmark” network structures while core-periphery structures are often indicated in the literature as idealized structures, although they are able to capture interesting, specific features of real-world financial networks. Moreover, as a matter of comparison, we also perform numerical experiments on small-world networks.

We introduce and discuss a dynamics of interaction of risky assets in a portfolio by resorting to methods of statistical mechanics developed to model the evolution of systems whose microscopic state may be augmented by variables which are not mechanical. Statistical methods are applied in the present paper in order to forecast the dynamics of risk/return efficient frontier for equity risk. Specifically, we adopt the methodologies of the kinetic theory for active particles (KTAP) with stochastic game-type interactions and apply the proposed model to a case study analyzing a subset of stocks traded in Milan Stock Exchange. In particular, we evaluate the efficient risk/return frontier within the mean/variance portfolio optimization theory for 13 principal components of the Milan Stock Exchange and apply the proposed kinetic model to forecast its short-term evolution (within one year). The model has the aim to pave the way to many different research perspectives and applications discussed eventually in the paper. In particular, the case of efficient frontier obtained by minimizing the Conditional Value-at-Risk (CVaR) is introduced and a preliminary result is proposed.