Lyapunov Functions - Scary Russian Function Not!

What's a Lyapunov function

The existence of a Lyapunov function for a model or system means that the system will hit equilibrium.

The elements of such a system include:

1. A maximum
2. A Lyapunov function
3. A property such that if something moves, it will always increase by k

How do cities self-organize such that queues are reasonable?

Answer: A Lyapunov function exists that explains how the city moves to equilibrium.

Applications of Lyapunov function

List of applications

1. Self-organizing cities
2. Exchange Economies
3. Arms trading