Typically voter models assume that recruitment occurs between two interacting individuals. Obviously recruitment can occur only if these individuals have different opinions. While nothing will happen if these individuals hold the same opinions. Though Latane social impact [1] predicts that support provided by like-minded individuals can also play a role.

In a previous post we have consider the case when support prevents both recruitment and independent transitions. This needs not to be the case if we assume that independent transitions are not influenced by the support provided by the peers. This yields another variation of the noisy voter model with supportive interactions, which exhibits a more complicated phase portrait. This model is also a part of my last paper of the postdoctoral project [2].

Another excellent series from Extra Credits is dedicated to the fight against Standard Oil, the megacorporation of the 1900s. We share this video becomes its themes strongly overlap with an earlier video from Wisecrack we have shared few weeks ago. Numerous historical billionaires mentioned in the Wisecrack videos are also seen in this series by Extra Credits.

We invite you to watch the first video and find later videos on the Extra Credits channel on Youtube.

Typically voter models assume that recruitment occurs between two interacting individuals. Obviously recruitment can occur only if these individuals have different opinions. While nothing will happen if these individuals hold the same opinions. Though Latane social impact [1] predicts that support provided by like-minded individuals can also play a role. In this post I'll discuss my last work done during my postdoctoral project [2], which introduces supportive interactions into the voter model.

Last time we have discussed the first non-linear transformation of the noisy voter model considered by me and R. Kazakevicius [1]. This time let us talk about the second non-linear transformation: transformation of the time scale.

Is everything fine in modern economics? Or are we approaching the new gilded age and the new 1930s?