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In this paper we show similarities between turbulence and financial systems. Motivated by similarities between the two systems, we construct a multiscale model for hierarchical financial structures that exhibits a constant cascade of wealth…

General Finance · Quantitative Finance 2019-11-25 Mahendra K. Verma

Self-organisation in territories leads to the emergence of patterns in urban systems that shape the interactions between cities, resulting in a hierarchical organisation. Governance follows as well a hierarchical structure, breaking the…

Physics and Society · Physics 2023-02-13 Valentina Marin , Carlos Molinero , Elsa Arcaute

Zipf's law is a paradigm describing the importance of different elements in communication systems, especially in linguistics. Despite the complexity of the hierarchical structure of language, music has in some sense an even more complex…

Physics and Society · Physics 2023-11-20 Marc Serra-Peralta , Joan Serrà , Álvaro Corral

The structure of a river network may be seen as a discrete set of nested sub-networks built out of individual stream segments. These network components are assigned an integral stream order via a hierarchical and discrete ordering method.…

Geophysics · Physics 2013-05-29 Peter Sheridan Dodds , Daniel H. Rothman

We investigate hierarchical structure in various complex systems according to Minimum Spanning Tree methods. Firstly, we investigate stock markets where the graphis obtained from the matrix of correlations coefficient computed between all…

General Finance · Quantitative Finance 2014-06-13 Andrzej Jarynowski , Andrzej Buda

The presented model provides an explanation to several empirically observed phenomena in spatial economics. By representing the system as a complex network of fixed-size land areas connected by trade between harbored activities, city size…

Statistical Mechanics · Physics 2007-05-23 Claes Andersson , Alexander Hellervik , Kristian Lindgren

The current science of cities can provide a useful foundation for future urban policies, provided that these proposals have been validated by correct observations of the diversity of situations in the world. However, international…

Physics and Society · Physics 2020-05-21 Juste Raimbault , Eric Denis , Denise Pumain

The Zipf's law is the major regularity of statistical linguistics that served as a prototype for rank-frequency relations and scaling laws in natural sciences. Here we show that the Zipf's law -- together with its applicability for a single…

Data Analysis, Statistics and Probability · Physics 2015-06-15 Armen E. Allahverdyan , Weibing Deng , Q. A. Wang

In this article, I conduct a textual and contextual analysis of the empirical literature on Zipf's law for cities. Building on previous meta-analysis material openly available, I collect full texts and bibliographies of 66 scientific…

Physics and Society · Physics 2022-02-01 Clémentine Cottineau

Urban streets are hierarchically organized in the sense that a majority of streets are trivial, while a minority of streets is vital. This hierarchy can be simply, but elegantly, characterized by the 80/20 principle, i.e. 80 percent of…

Data Analysis, Statistics and Probability · Physics 2009-09-15 Bin Jiang

The dependence with text length of the statistical properties of word occurrences has long been considered a severe limitation quantitative linguistics. We propose a simple scaling form for the distribution of absolute word frequencies…

Physics and Society · Physics 2015-06-15 Francesc Font-Clos , Gemma Boleda , Álvaro Corral

The dynamics of city's spatial structures are determined by the coupling of functional components (such as restaurants and shops) and human beings within the city. Yet, there still lacks mechanism models to quantify the spatial distribution…

Identifying statistical patterns characterizing human trajectories is crucial for public health, traffic engineering, city planning, and epidemic modeling. Recent developments in global positioning systems and mobile phone networks have…

The amount of data that is being gathered about cities is increasing in size and specificity. However, despite this wealth of information, we still have little understanding of what really drives the processes behind urbanisation. In this…

Physics and Society · Physics 2015-11-30 Rémi Louf

Complex systems consist of many interacting elements which participate in some dynamical process. The activity of various elements is often different and the fluctuation in the activity of an element grows monotonically with the average…

Physics and Society · Physics 2008-04-24 Zoltan Eisler , Imre Bartos , Janos Kertesz

Zipf's law is well known in linguistics: the frequency of a word is inversely proportional to its rank. This is a special case of a more general power law, a common phenomenon in many kinds of real-world statistical data. Here, it is shown…

Physics and Society · Physics 2022-10-28 Wim Hordijk

Using an exhaustive list of Japanese bankruptcy in 1997, we discover a Zipf law for the distribution of total liabilities of bankrupted firms in high debt range. The life-time of these bankrupted firms has exponential distribution in…

Statistical Mechanics · Physics 2009-11-10 Yoshi Fujiwara

Virtually anything can be and is ranked; people, institutions, countries, words, genes. Rankings reduce complex systems to ordered lists, reflecting the ability of their elements to perform relevant functions, and are being used from…

Physics and Society · Physics 2026-02-04 Gerardo Iñiguez , Carlos Pineda , Carlos Gershenson , Albert-László Barabási

We describe the link between the Zipf law and statistical distributions for the Fortuin-Kasteleyn clusters in Ising as well as Potts models. From these results it is seen that Zipf's law can be a criterion of a phase transition, but it does…

Statistical Mechanics · Physics 2015-06-18 Krystyna Lukierska-Walasek , Krzysztof Topolski

We summarize a book under publication with his title written by the three present authors, on the theory of Zipf's law, and more generally of power laws, driven by the mechanism of proportional growth. The preprint is available upon request…

General Finance · Quantitative Finance 2014-08-26 A. Saichev , Y. Malevergne , D. Sornette