[PDE & Applications seminar] Julie Rowlett: The strength of diversity

02 november 2023 16:00 t/m 17:00 - Locatie: Snijderszaal 36.LB 01.010 EEMCS | Zet in mijn agenda

Diversity can be beneficial in many contexts. In business, research, and education diversity can increase creativity by providing a wider variety of perspectives and increasing impact through a larger network. In biology, the health of an ecosystem is often measured in terms of its biodiversity. A diverse ecosystem has a greater capacity for adaptive responses to new challenges. In finance, a cornerstone of modern portfolio theory is diversification of investments. I will discuss joint work with CJ Karlsson and M Nursultanov. Our main result is `the diversity theorem' which shows that a team of diverse individuals is strong in competition with other teams of individuals. The proof is based on a game theoretic model that interpolates between individual-level interactions and collective-level ramifications.