The Wisdom Of Crowds: When Collective Intelligence Surpasses Individual Intelligence
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About The Author

PhD candidate in Applied Mathematics in Paris Area, France and a Doctoral Researcher at Université de Lyon. Mouzouni develops new models and approaches to study multi-agent systems, commodities markets, and the microstructure of financial markets.

                       

The Wisdom Of Crowds: When Collective Intelligence Surpasses Individual Intelligence

Consider a set of firms producing comparable goods. Each firm aims to strategically choose the selling price of their products in the market in order to maximize their expected income. However the income of each firm depends not only on his own chosen price but also on the chosen price by the other competitors; in fact, buyers choose the best quality-price ratio. In this context, how can one describe the optimization problem faced by any firm? Is there any equilibrium...

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What Can Mathematical Analysis Reveal About The Behavior Of A Fluid?

The study of flows or fluid mechanics began since antiquity for everyday applications such as irrigation in agriculture. Several innovative and complex irrigation systems have been discovered in ancient cities. The inclusion of mathematics has revolutionized the fluid mechanics owing to the works of Daniel Bernoulli, Jean Rond d'Alembert, and Leonhard Euler. The introduction by Henry Navier in 1820 of the concept of viscosity, allowed George Gabriel Stokes to introduce the Navier-Stokes equations which will mark the whole history of...

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