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The phrase has extended beyond its original meaning and been applied to any process in which, beyond a certain point, the rate of the process increases dramatically. It has been applied in many fields, from economics to human ecology [3] to epidemiology.
Tipping point (sociology), an event when a previously rare phenomenon becomes rapidly and dramatically more common; Tipping point, in catastrophe theory, the value of the parameter in which the set of equilibria abruptly changes; Tipping points in the climate system, thresholds that, when exceeded, can lead to large changes in the state of the ...
Dunbar's number has become of interest in anthropology, evolutionary psychology, [12] statistics, and business management.For example, developers of social software are interested in it, as they need to know the size of social networks their software needs to take into account; and in the modern military, operational psychologists seek such data to support or refute policies related to ...
Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a ...
A rising point of inflection is a point where the derivative is positive on both sides of the point; in other words, it is an inflection point near which the function is increasing. For a smooth curve given by parametric equations , a point is an inflection point if its signed curvature changes from plus to minus or from minus to plus, i.e ...
A sigmoid function is a bounded, differentiable, real function that is defined for all real input values and has a non-negative derivative at each point [1] [2] and exactly one inflection point. Properties
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. [1] More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...