Future Research

Future Research: 

There are a few extensions to this model that can be used for future research.  The first extension could be the addition of illiquid assets and stocks of the companies to the starting equity and liabilities.  Adding the stocks or other assets may alter the results and give a more realistic representation of the real-world model.  Another future extension could be to measure the systemic risk in a different way.  Our method worked for our simple model, but the addition of complexity may affect the final results. Lastly, the defaulting threshold could be changed.  We currently have it at one hundred percent of what society should receive, where this could be changed to a different percentage.