Robustness analysis of a Continuous-Time Markov Jump Process model for herd behaviour under stochastic shocks
Samuel Kipsang Kaptum, Jane Aduda Akinyi, Philip Ngare, Amos Kipkorir Langat • Scientific African
(2025)
Herd behaviour in socio-economic systems is characterised by asynchronous, stochastic decision-making that traditional models capture imperfectly. Discrete-time DTMCs impose fixed-tick synchrony and require binning, which distorts event tim...
DOAJ
Open Access (DOAJ)
DOI:
10.1016/j.sciaf.2025.e03042