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Interbank markets are often characterised in terms of a core-periphery network structure, with a highly interconnected core of banks holding the market together, and a periphery of banks connected mostly to the core but not internally. This…

Risk Management · Quantitative Finance 2018-09-18 Sadamori Kojaku , Giulio Cimini , Guido Caldarelli , Naoki Masuda

The study of the properties and structure of a city's road network has for many years been the focus of much work, as has the mathematical modelling of the location of its retail activity and of the emergence of clustering in retail…

Physics and Society · Physics 2018-02-07 Duccio Piovani , Carlos Molinero , Alan Wilson

Complex systems such as ecological communities and neuron networks are essential parts of our everyday lives. These systems are composed of units which interact through intricate networks. The ability to predict sudden changes in the…

Adaptation and Self-Organizing Systems · Physics 2021-07-07 Deniz Eroglu , Matteo Tanzi , Sebastian van Strien , Tiago Pereira

A simple spin model is studied, motivated by the dynamics of traders in a market where expectation bubbles and crashes occur. The dynamics is governed by interactions which are frustrated across different scales: While ferromagnetic…

Statistical Mechanics · Physics 2009-11-07 Stefan Bornholdt

We investigate a model of stratified economic interactions between agents when the notion of spatial location is introduced. The agents are placed on a network with near-neighbor connections. Interactions between neighbors can occur only if…

Physics and Society · Physics 2015-05-20 J. L. Herrera , M. G. Cosenza , K. Tucci

Over the last few years there has been a growing interest in using financial trading networks to understand the microstructure of financial markets. Most of the methodologies developed so far for this purpose have been based on the study of…

Applications · Statistics 2017-10-05 Brenda Betancourt , Abel Rodríguez , Naomi Boyd

Human social interactions in local settings can be experimentally detected by recording the physical proximity and orientation of people. Such interactions, approximating face-to-face communications, can be effectively represented as time…

Physics and Society · Physics 2020-10-08 Giulia Cencetti , Federico Battiston , Bruno Lepri , Márton Karsai

People tend to have their social interactions with members of their own community. Such group-structured interactions can have a profound impact on the behaviors that evolve. Group structure affects the way people cooperate, and how they…

Populations and Evolution · Quantitative Biology 2022-11-09 Yohsuke Murase , Christian Hilbe , Seung Ki Baek

Many models have been proposed to analyze the evolution of opinion structure due to the interaction of individuals in their social environment. Such models analyze the spreading of ideas both in completely interacting backgrounds and on…

Physics and Society · Physics 2015-03-13 F. Gargiulo , S. Huet

Understanding of the mechanisms driving our daily face-to-face encounters is still limited; the field lacks large-scale datasets describing both individual behaviors and their collective interactions. However, here, with the help of travel…

Physics and Society · Physics 2013-08-07 Lijun Sun , Kay W. Axhausen , Der-Horng Lee , Xianfeng Huang

Complex systems contain a lot of individuals and some interactions between them. The structure of interactions can be modeled to be a network: nodes represent individuals and links to be interaction between two individuals. This paper tries…

Condensed Matter · Physics 2007-05-23 Jing Han , Wei Li

The analysis of multilayer networks is among the most active areas of network science, and there are now several methods to detect dense "communities" of nodes in multilayer networks. One way to define a community is as a set of nodes that…

Social and Information Networks · Computer Science 2016-05-24 Lucas G. S. Jeub , Michael W. Mahoney , Peter J. Mucha , Mason A. Porter

A challenging problem in the study of complex systems is that of resolving, without prior information, the emergent, mesoscopic organization determined by groups of units whose dynamical activity is more strongly correlated internally than…

Data Analysis, Statistics and Probability · Physics 2015-04-21 Mel MacMahon , Diego Garlaschelli

Studying how social contexts shape technology interactions and how we experience them is hard. One challenge is that social contexts are very dynamic and shaped by the situated practices of everyone involved. As a result, the same…

Human-Computer Interaction · Computer Science 2022-05-05 Alarith Uhde , Mena Mesenhöller , Marc Hassenzahl

A class of systems is considered, where immobile species associated to distinct patches, the nodes of a network, interact both locally and at a long-range, as specified by an (interaction) adjacency matrix. Non local interactions are…

Pattern Formation and Solitons · Physics 2020-06-30 Giulia Cencetti , Federico Battiston , Timoteo Carletti , Duccio Fanelli

In this paper we provide a comprehensive analysis of a structural model for the dynamics of prices of assets traded in a market originally proposed in [1]. The model takes the form of an interacting generalization of the geometric Brownian…

Statistical Finance · Quantitative Finance 2018-06-06 Kartik Anand , Jonathan Khedair , Reimer Kuehn

One of the most prominent properties in real-world networks is the presence of a community structure, i.e. dense and loosely interconnected groups of nodes called communities. In an attempt to better understand this concept, we study the…

Social and Information Networks · Computer Science 2012-08-16 Günce Keziban Orman , Vincent Labatut , Hocine Cherifi

The global financial system can be represented as a large complex network in which banks, hedge funds and other financial institutions are interconnected to each other through visible and invisible financial linkages. Recently, a lot of…

Risk Management · Quantitative Finance 2018-04-11 Fabio Caccioli , Paolo Barucca , Teruyoshi Kobayashi

The stability analysis of socioeconomic systems has been centered on answering whether small perturbations when a system is in a given quantitative state will push the system permanently to a different quantitative state. However, typically…

Physics and Society · Physics 2014-09-01 Serguei Saavedra , Rudolf P. Rohr , Luis J. Gilarranz , Jordi Bascompte

Social interactions influence our thoughts, opinions and actions. In this paper, social interactions are studied within a group of individuals composed of influential social leaders and followers. Each person is assumed to maintain a social…

Systems and Control · Computer Science 2014-02-25 Zhen Kan , Justin Klotz , Eduardo L. Pasiliao , Warren E. Dixon