scholarly journals The landscape of innovation in bacteria, battleships, and beyond

2021 ◽  
Vol 118 (26) ◽  
pp. e2015565118
Author(s):  
Terence C. Burnham ◽  
Michael Travisano

We draw lessons from microbial experimental evolution and naval warfare to improve the understanding of innovation in financial markets. Major financial innovations often arise without explicit societal planning because novel approaches can be favored by markets, in a manner strikingly parallel to natural selection. We utilize the concept of an adaptive landscape to characterize environments that increase the speed and magnitude of innovation. We apply this adaptive landscape framework to innovation in portfolio management. We create a general taxonomy for understanding and nurturing innovation.

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Kensuke Okada ◽  
Masako Katsuki ◽  
Manmohan D. Sharma ◽  
Katsuya Kiyose ◽  
Tomokazu Seko ◽  
...  

AbstractTheory shows how sexual selection can exaggerate male traits beyond naturally selected optima and also how natural selection can ultimately halt trait elaboration. Empirical evidence supports this theory, but to our knowledge, there have been no experimental evolution studies directly testing this logic, and little examination of possible associated effects on female fitness. Here we use experimental evolution of replicate populations of broad-horned flour beetles to test for effects of sex-specific predation on an exaggerated sexually selected male trait (the mandibles), while also testing for effects on female lifetime reproductive success. We find that populations subjected to male-specific predation evolve smaller sexually selected mandibles and this indirectly increases female fitness, seemingly through intersexual genetic correlations we document. Predation solely on females has no effects. Our findings support fundamental theory, but also reveal unforseen outcomes—the indirect effect on females—when natural selection targets sex-limited sexually selected characters.


2009 ◽  
Vol 41 (2) ◽  
pp. 251-257 ◽  
Author(s):  
Henrique Teotónio ◽  
Ivo M Chelo ◽  
Martina Bradić ◽  
Michael R Rose ◽  
Anthony D Long

2018 ◽  
Vol 13 (3) ◽  
pp. 25 ◽  
Author(s):  
Alexander S. Bratus ◽  
Yuri S. Semenov ◽  
Artem S. Novozhilov

Sewall Wright’s adaptive landscape metaphor penetrates a significant part of evolutionary thinking. Supplemented with Fisher’s fundamental theorem of natural selection and Kimura’s maximum principle, it provides a unifying and intuitive representation of the evolutionary process under the influence of natural selection as the hill climbing on the surface of mean population fitness. On the other hand, it is also well known that for many more or less realistic mathematical models this picture is a severe misrepresentation of what actually occurs. Therefore, we are faced with two questions. First, it is important to identify the cases in which adaptive landscape metaphor actually holds exactly in the models, that is, to identify the conditions under which system’s dynamics coincides with the process of searching for a (local) fitness maximum. Second, even if the mean fitness is not maximized in the process of evolution, it is still important to understand the structure of the mean fitness manifold and see the implications of this structure on the system’s dynamics. Using as a basic model the classical replicator equation, in this note we attempt to answer these two questions and illustrate our results with simple well studied systems.


2014 ◽  
Vol 10 (2) ◽  
pp. 257-277 ◽  
Author(s):  
FARUK ÜLGEN

Abstract:Although in the Schumpeterian process of entrepreneurial innovations money and financial markets are assumed to affect economic development, Schumpeter does not explicitly study financial evolution and its effects on real dynamics. In order to fill this gap, this article suggests a Minsky-inspired interpretation of Schumpeterian institutional dynamics in monetary terms. It then develops a specific Schumpeterian analysis of the evolution of financial institutions and regulatory mechanisms in the wake of the 2007–08 crisis and points to major consequences of financial innovations on economic stability. It appears that unlike the creative destruction process of entrepreneurial innovations, in a liberalised/deregulated environment financial innovations move banks from their crucial role of financing long-term economic evolution and lead to reckless finance. Thus, financial market dynamics put economies on a destructive path. Such an evolution calls for active and tight rational regulation in order to shape capitalist finance towards more stable and welfare-enhancing strategies.


1994 ◽  
Vol 2 (1) ◽  
pp. 117-128 ◽  
Author(s):  
David Sloan Wilson ◽  
Alexandra Wells

Models of evolution often assume that the offspring of two genotypes, which are genetically intermediate by definition, are also phenotypically intermediate. The continuity between genotype and phenotype interferes with the process of evolution on multipeaked adaptive landscapes because the progeny of genotypes that lie on separate adaptive peaks fall into valleys of low fitness. This problem can be solved by epistasis, which disrupts the continuity between genotype and phenotype. In a five-locus sexual haploid model with maximum epistasis, natural selection in multipeak landscapes evolves a set of genotypes that a) occupy the adaptive peaks and b) give rise to each other by recombination. The epistatic genetic system therefore “molds” the phenotypic distribution to the adaptive landscape, without assortative mating or linkage disequilibrium. If the adaptive landscape is changed, a new set of genotypes quickly evolves that satisfies conditions a and b, above, for the new peaks. Our model may be relevant to a number of recalcitrant problems in biology and also stands in contrast to Kauffman's [3] NK model of evolution on rugged fitness surfaces, in which epistasis and recombination tend to constrain the evolutionary process.


2016 ◽  
Author(s):  
Bradly Alicea

ABSTRACTTo examine the role of natural selection on fecundity in a variety of Caenorhabditis elegans genetic backgrounds, we used an experimental evolution protocol to evolve 14 distinct genetic strains over 15-20 generations. Beginning with three founder worms for each strain, we were able to generate 790 distinct genealogies, which provided information on both the effects of natural selection and the evolvability of each strain. Among these genotypes are a wildtype (N2) and a collection of mutants with targeted mutations in the daf-c, daf-d, and AMPK pathways. The overarching goal of our analysis is two-fold: to observe differences in reproductive fitness and observe related changes in reproductive timing. This yields two outcomes. The first is that the majority of selective effects on fecundity occur during the first few generations of evolution, while the negative selection for reproductive timing occurs on longer timescales. The second finding reveals that positive selection on fecundity results in positive and negative selection on reproductive timing, both of which are strain-dependent. Using a derivative of population size per generation called the reproductive carry-over (RCO) measure, it is found that the fluctuation and shape of the probability distribution may be informative in terms of developmental selection. While these consist of general patterns that transcend mutations in a specific gene, changes in the RCO measure may nevertheless be products of selection. In conclusion, we discuss the broader implications of these findings, particularly in the context of genotype-fitness maps and the role of uncharacterized mutations in individual variation and evolvability.


2008 ◽  
Vol 5 (2) ◽  
pp. 427-433
Author(s):  
Esther Jeffers ◽  
Dominique Plihon

The world economy has undergone major changes during the last twenty years. Financial markets have grown spectacularly on the international level. In particular, stock markets rose substantially in the 1990s. At the same time, the combined process of deregulation and financial innovations transformed the internationalization of financial activities into financial globalization, which witnessed a considerable strengthening of both the impact and freedom of action of the main players. France did not remain unaffected by this evolution, much the contrary. This was all the more impressive given the historical weakness of the country’s financial markets. Many studies have been devoted to the growth of financial markets and many others to corporate governance, but the influence of the capital structure and the forms of governance on corporate strategies have rarely been empirically evaluated in the literature, due to the scarcity of relevant data. This paper aims at understanding (I) how the capital structure of French corporations has changed and, through an empirical study, (II) how this change may have impacted their strategy


Sign in / Sign up

Export Citation Format

Share Document