QLS seminar - Wednesday 12 July 10h00: "Novel Dynamical Models of Wealth and Cooperation Using Information Theory" by Jordan Kemp

[Quantitative Life Sciences]

Dear All,

Tomorrow,  Wednesday, 12 July 2023 at 10:00 CET, Jordan Kemp (Department 
of Physics, The University of Chicago) will give a seminar titled:

*Novel Dynamical Models of Wealth and Cooperation Using Information Theory*

Abstract:
The statistical dynamics of population growth, wealth, and inequality 
are related through their common description as multiplicative 
stochastic processes. In these systems, variations in growth rates 
determine selection, relative wealth, and cooperation. Despite its 
relevance for biological and social sciences, we still lack a general 
theory that explains the dynamics of growth rates in terms of agent 
adaptation to their environment, heterogeneities of traits, and other 
behaviors. In this talk, we derive a general population dynamics of 
learning agents sharing and leveraging the knowledge of their 
environments to grow and reinvest their resources as individuals or 
groups. Growth rates emerge in the long-time limit as the mutual 
information between agents' signals and states of the environment and 
information synergies across signals. We show that, with knowledge of 
past and present conditions, sequential Bayesian inference becomes 
optimal for maximizing growth, formally associating growth rate dynamics 
with information dynamics. We discuss how this framework can address 
problems of inequality and cooperation in heterogeneous populations and 
lay the foundations for more robust interacting growth models.

_The seminar will take place in the __*Common area*__, ex SISSA 
building, via Beirut 2, second floor__
_
__Indico webpage: https://indico.ictp.it/event/10422/


You are all most welcome to attend!

Best regards,
Erica

-- 
Erica Sarnataro
Group Secretary
Quantitative Life Sciences
The Abdus Salam International Centre for Theoretical Physics (ICTP)
Trieste,  Italy
Tel. +39-040-2240623
www.ictp.it/research/qls.aspx
e-mail:qls at ictp.it