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Risk Sensitive Control of Complex Dynamical Systems

Authors: John Baillieul;

Risk Sensitive Control of Complex Dynamical Systems

Abstract

While classical models of risk in insurance and financial markets have been effectively treated by the methods of stochastic and adaptive processes, a wide variety of new technologies will require qualitatively different methods which emphasize risk due to constraints on spatial and temporal distribution of information, risk due to scale, and risk due to extreme sensitivity to changes in operating conditions. This paper explores elements of risk in complex dynamical systems which arise from sensitivity to operating conditions. It is argued that complexity based risk of this type is an essential part of what makes competitive athletics interesting. To explore this proposition, a simple interval mapping game is proposed. Analysis of the game dynamics shows that complexity based risk cannot be completely eliminated although it is possible to plan play strategies to manage it.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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