Scale-dependent portfolio effects explain growth inflation and volatility reduction in landscape demography
Abstract
Population demography is central to many problems in ecology, evolution, and conservation biology, yet there is a gap between the information needed about the demography of population over multiple spatial scales and the available data, which are largely local. Inspired by concepts from landscape ecology and Markowitz's investment portfolio theory, we address this lacuna by developing a method for quantifying and predicting the demography of multiple populations across spatial scales and apply it to gypsy moth populations. We show that population demography is scale-dependent due largely to a tilted portfolio effect from skewed population size distributions and covarying population growth rate; this explains why population ensembles can have growth rates greater than the mean with variance smaller than the mean.
- Publication:
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Proceedings of the National Academy of Science
- Pub Date:
- November 2017
- DOI:
- Bibcode:
- 2017PNAS..11412507H