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DTSTART;TZID=America/New_York:20231004T153000
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SUMMARY:CBE Seminar: "Statistical Teleodynamics: A Unified Theory of Emergent Arbitrage Equilibrium Phenomena in Active and Passive Matter" (Venkatasubramanian\, Columbia University)
DESCRIPTION:The physics of active matter\, such as bacterial colonies and bird flocks\, exhibiting interesting self-organizing dynamical behavior has gained considerable importance in recent years. Recent theoretical advances use techniques from hydrodynamics\, kinetic theory\, and non-equilibrium statistical physics. However\, for biological agents\, these don’t seem to recognize explicitly their critical feature\, namely\, the role of survival-driven purpose and the attendant pursuit of maximum utility. In this talk\, I will present a novel game-theoretic framework\, statistical teleodynamics\, that accounts for this feature explicitly and shows how it can be integrated with conventional statistical mechanics to develop a unified theory of arbitrage equilibrium in active and passive matter. \nThe theory proposes a spectrum of self-actualizing capabilities\, going from none to completely strategic decision-making\, and envisions the various examples of active matter systems occupying someplace in this spectrum. I will show how statistical teleodynamics reduces to familiar results in statistical mechanics in the limit of zero self-actualization. At the other extreme\, in an economic setting\, it provides novel insights into the emergence of income distributions and their fairness in an ideal free-market society. As examples of agents in between these limits\, I will discuss how the theory predicts pattern formation in mussel beds\, the emergence of ant craters\, and the flocking of birds.
URL:https://seasevents.nmsdev7.com/event/cbe-seminar-statistical-teleodynamics-a-unified-theory-of-emergent-arbitrage-equilibrium-phenomena-in-active-and-passive-matter-venkatasubramanian-columbia-university/
LOCATION:Wu and Chen Auditorium (Room 101)\, Levine Hall\, 3330 Walnut Street\, Philadelphia\, PA\, 19104\, United States
CATEGORIES:Seminar
ORGANIZER;CN="Chemical and Biomolecular Engineering":MAILTO:cbemail@seas.upenn.edu
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