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Related papers: Systemic risk in multiplex networks with asymmetri…

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External or internal shocks may lead to the collapse of a system consisting of many agents. If the shock hits only one agent initially and causes it to fail, this can induce a cascade of failures among neighoring agents. Several critical…

Risk Management · Quantitative Finance 2015-06-11 Claudio J. Tessone , Antonios Garas , Beniamino Guerra , Frank Schweitzer

We reveal large fluctuations in the response of real multiplex networks to random damage of nodes. These results indicate that the average response to random damage, traditionally considered in mean-field approaches to percolation, is a…

Physics and Society · Physics 2018-12-26 Francesco Coghi , Filippo Radicchi , Ginestra Bianconi

The networked combat system-of-system (CSOS) is the trend of combat development with the innovation of technology. The achievement of combat effectiveness requires CSOS to have a good ability to deal with external interference. Here we…

Systems and Control · Electrical Eng. & Systems 2022-12-12 Jintao Yu , Bing Xiao , Yuzhu Cui

Electrical power grids are vulnerable to cascading failures that can lead to large blackouts. Detection and prevention of cascading failures in power grids is impor- tant. Currently, grid operators mainly monitor the state (loading level)…

Physics and Society · Physics 2015-07-20 Martijn Warnier , Stefan Dulman , Yakup Koç , Eric Pauwels

Many network contagion processes are inherently multiplex in nature, yet are often reduced to processes on uniplex networks in analytic practice. We therefore examine how data modeling choices can affect the predictions of contagion…

Physics and Society · Physics 2023-01-24 Nicholas W. Landry , jimi adams

Synergistic interactions are ubiquitous in the real world. Recent studies have revealed that, for a single-layer network, synergy can enhance spreading and even induce an explosive contagion. There is at the present a growing interest in…

Physics and Society · Physics 2018-03-14 Quan-Hui Liu , Wei Wang , Shi-Min Cai , Ming Tang , Ying-Cheng Lai

We develop the theory of sparse multiplex networks with partially overlapping links based on their local tree-likeness. This theory enables us to find the giant mutually connected component in a two-layer multiplex network with arbitrary…

We introduce a probabilistic framework that represents stylized banking networks with the aim of predicting the size of contagion events. Most previous work on random financial networks assumes independent connections between banks, whereas…

Physics and Society · Physics 2017-04-12 Thomas R. Hurd , James P. Gleeson , Sergey Melnik

Social reinforcement mechanism, which characterizes the promoting effects when exposing to multiple sources in social contagion process, is ubiquitous in information-technology ecosystem and has aroused great attention in recent years.…

Physics and Society · Physics 2021-07-07 Longzhao Liu , Xin Wang , Shaoting Tang , Hongwei Zheng , Zhiming Zheng

Complex non-linear interactions between banks and assets we model by two time-dependent Erd\H{o}s Renyi network models where each node, representing bank, can invest either to a single asset (model I) or multiple assets (model II). We use…

Risk Management · Quantitative Finance 2015-06-19 B. Podobnik , D. Horvatic , M. Bertella , L. Feng , X. Huang , B. Li

Many complex systems can be described as multiplex networks in which the same nodes can interact with one another in different layers, thus forming a set of interacting and co-evolving networks. Examples of such multiplex systems are social…

Physics and Society · Physics 2013-11-12 Arda Halu , Raul J. Mondragon , Pietro Panzarasa , Ginestra Bianconi

We study the percolation in coupled networks with both inner-dependency and inter-dependency links, where the inner- and inter-dependency links represent the dependencies between nodes in the same or different networks, respectively. We…

Physics and Society · Physics 2016-05-09 Run-Ran Liu , Ming Li , Chun-Xiao Jia , Bing-Hong Wang

We study cascading failures in a system comprising interdependent networks/systems, in which nodes rely on other nodes both in the same system and in other systems to perform their function. The (inter-)dependence among nodes is modeled…

Applications · Statistics 2018-02-13 Richard J. La

Large but rare cascades triggered by small initial shocks are present in most of the infrastructure networks. Here we present a simple model for cascading failures based on the dynamical redistribution of the flow on the network. We show…

Other Condensed Matter · Physics 2009-11-10 Paolo Crucitti , Vito Latora , Massimo Marchiori

Risks threatening modern societies form an intricately interconnected network that often underlies crisis situations. Yet, little is known about how risk materializations in distinct domains influence each other. Here we present an approach…

Computers and Society · Computer Science 2016-05-03 Boleslaw K. Szymanski , Xin Lin , Andrea Asztalos , Sameet Sreenivasan

In this paper we study a simple cascading process in a structured heterogeneous population, namely, a network composed of two loosely coupled communities. We demonstrate that under certain conditions the cascading dynamics in such a network…

Statistical Mechanics · Physics 2008-03-14 Aram Galstyan , Paul Cohen

Since the latest financial crisis, the idea of systemic risk has received considerable interest. In particular, contagion effects arising from cross-holdings between interconnected financial firms have been studied extensively. Drawing…

Risk Management · Quantitative Finance 2018-10-30 Nils Bertschinger , Julian Stobbe

The paradigm of layered networks is used to describe many real-world systems -- from biological networks, to social organizations and transportation systems. Recently there has been much progress in understanding the general properties of…

Physics and Society · Physics 2016-10-05 Márton Pósfai , Jianxi Gao , Sean P. Cornelius , Albert-László Barabási , Raissa M. D'Souza

It has been recognized that many complex dynamical systems in the real world require a description in terms of multiplex networks, where a set of common, mutually connected nodes belong to distinct network layers and play a different role…

Physics and Society · Physics 2019-12-23 Chuang Ma , Han-Shuang Chen , Xiang Li , Ying-Cheng Lai , Hai-Feng Zhang

In previous studies, the propagation of extreme events across nodes in monolayer networks has been extensively studied. In this work, we extend this investigation to explore the propagation of extreme events between two distinct layers in a…

Chaotic Dynamics · Physics 2025-07-23 R. Shashangan , S. Sudharsan , Dibakar Ghosh , M. Senthilvelan