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This paper suggests that business cycles may be a manifestation of coupled real economy and stock market dynamics and describes a mechanism that can generate economic fluctuations consistent with observed business cycles. To this end, we…

General Finance · Quantitative Finance 2019-09-27 Dimitri Kroujiline , Maxim Gusev , Dmitry Ushanov , Sergey V. Sharov , Boris Govorkov

A nonequilibrium system of locally interacting elements in a lattice with an absorbing order-disorder phase transition is studied under the effect of additional interacting fields. These fields are shown to produce interesting effects in…

Statistical Mechanics · Physics 2007-09-09 J. C. Gonzalez-Avella , V. M. Eguiluz , M. G. Cosenza , K. Klemm , J. L. Herrera , M. San Miguel

Detection of community structures in social networks has attracted lots of attention in the domain of sociology and behavioral sciences. Social networks also exhibit dynamic nature as these networks change continuously with the passage of…

Social and Information Networks · Computer Science 2014-09-18 Frédéric Gilbert , Paolo Simonetto , Faraz Zaidi , Fabien Jourdan , Romain Bourqui

In many epidemiological and ecological contexts, there is a trade-off between infections and interactions. This arises because the links between individuals capable of spreading infections are also often associated with beneficial…

Physics and Society · Physics 2025-04-04 Bunlang Thatchai , Christopher E. Overton , Thomas House

I study dynamic network formation games in which agents meet stochastically and form links based on their valuation of the network. I show that these games can be represented in terms of the values agents assign to network sub-structures.…

Theoretical Economics · Economics 2025-11-19 Jose M. Betancourt

The structure of social relations is fundamental for the construction of plausible simulation scenarios. It shapes the way actors interact and create their identity within overlapping social contexts. Each actor interacts in multiple…

Multiagent Systems · Computer Science 2015-09-14 Davide Nunes , Luis Antunes

A financial system contains many elements networked by their relationships. Extensive works show that topological structure of the network stores rich information on evolutionary behaviors of the system such as early warning signals of…

Statistical Finance · Quantitative Finance 2018-05-09 Li Zhou , Lu Qiu , Changgui Gu , Huijie Yang

Social relationships can be divided into different classes based on the regularity with which they occur and the similarity among them. Thus, rare and somewhat similar relationships are random and cause noise in a social network, thus…

Social and Information Networks · Computer Science 2018-10-08 Jeancarlo Campos Leão , Michele Amaral Brandão , Pedro O. S. Vaz de Melo , Alberto H. F. Laender

Dynamics of complex social systems has often been described in the framework of temporal networks, where links are considered to exist only at the moment of interaction between nodes. Such interaction patterns are not only driven by…

Physics and Society · Physics 2021-06-09 Hyewon Kim , Hang-Hyun Jo , Hawoong Jeong

The relationship between urban mobility, social networks and socioeconomic status is complex and difficult to apprehend, notably due to the lack of data. Here we use mobile phone data to analyze the socioeconomic structure of spatial and…

Physics and Society · Physics 2023-01-31 Maxime Lenormand , Horacio Samaniego

We analyze the daily stock data of the Nasdaq Composite index in the 22-year period 1992-2013 and identify market states as clusters of correlation matrices with similar correlation structures. We investigate the stability of the…

Statistical Finance · Quantitative Finance 2015-06-22 Desislava Chetalova , Rudi Schäfer , Thomas Guhr

The recent availability of data describing social networks is changing our understanding of the "microscopic structure" of a social tie. A social tie indeed is an aggregated outcome of many social interactions such as face-to-face…

Physics and Society · Physics 2011-05-18 Kun Zhao , Juliette Stehle , Ginestra Bianconi , Alain Barrat

The complexity of financial markets arise from the strategic interactions among agents trading stocks, which manifest in the form of vibrant correlation patterns among stock prices. Over the past few decades, complex financial markets have…

Statistical Finance · Quantitative Finance 2021-02-02 Areejit Samal , Hirdesh K. Pharasi , Sarath Jyotsna Ramaia , Harish Kannan , Emil Saucan , Jürgen Jost , Anirban Chakraborti

We study a credit risk model which captures effects of economic interactions on a firm's default probability. Economic interactions are represented as a functionally defined graph, and the existence of both cooperative, and competitive,…

Physics and Society · Physics 2009-11-11 J. P. L. Hatchett , R. Kuehn

We show that the emergence of systemic risk in complex systems can be understood from the evolution of functional networks representing interactions inferred from fluctuation correlations between macroscopic observables. Specifically, we…

Physics and Society · Physics 2019-05-29 Chandrashekar Kuyyamudi , Anindya S. Chakrabarti , Sitabhra Sinha

The focused organization theory of social ties proposes that the structure of human social networks can be arranged around extra-network foci, which can include shared physical spaces such as homes, workplaces, restaurants, and so on. Until…

Social and Information Networks · Computer Science 2016-11-18 Chloë Brown , Anastasios Noulas , Cecilia Mascolo , Vincent Blondel

Identifying the hidden organizational principles and relevant structures of networks representing complex physical systems is fundamental to understand their properties. To this aim, uncovering the structures involving a network's prominent…

Physics and Society · Physics 2022-08-17 Nicola Pedreschi , Demian Battaglia , Alain Barrat

In a series of precedent papers, we have presented a comprehensive methodology, termed Field Economics, for translating a standard economic model into a statistical field-formalism framework. This formalism requires a large number of…

Physics and Society · Physics 2024-05-20 Pierre Gosselin , Aïleen Lotz

The study of time-varying (dynamic) networks (graphs) is of fundamental importance for computer network analytics. Several methods have been proposed to detect the effect of significant structural changes in a time series of graphs. The…

Social and Information Networks · Computer Science 2017-07-25 Peter Wills , Francois G. Meyer

Characterization of real-world complex systems increasingly involves the study of their topological structure using graph theory. Among global network properties, small-world property, consisting in existence of relatively short paths…

Social and Information Networks · Computer Science 2017-02-28 Jaroslav Hlinka , David Hartman , Milan Paluš