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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

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

We develop a framework for studying and quantifying the risk of cascading failures in time-delay consensus networks, motivated by a team of agents attempting temporal rendezvous under stochastic disturbances and communication delays. To…

Systems and Control · Electrical Eng. & Systems 2026-04-08 Guangyi Liu , Vivek Pandey , Christoforos Somarakis , Nader Motee

We present a general framework for modeling a wide selection of flocking scenarios under free boundary conditions. Several variants have been considered - including examples for the widely observed behavior of hierarchically interacting…

Physics and Society · Physics 2019-04-23 Yongnan Jia , Tamas Vicsek

Evolutionary graph theory is a well established framework for modelling the evolution of social behaviours in structured populations. An emerging consensus in this field is that graphs that exhibit heterogeneity in the number of connections…

Populations and Evolution · Quantitative Biology 2018-11-20 Wes Maciejewski , Feng Fu , Christoph Hauert

We consider a spatial model of the emergence of cooperation with synchronous births and deaths. Agents bear a tag and interact with their neighbors by playing the prisoner's dilemma game with strategies depending on their own and opponent's…

Populations and Evolution · Quantitative Biology 2020-05-04 Julien Flaig , Nicolas Houy

This paper presents a novel zone-based flocking control approach suitable for dynamic multi-agent systems (MAS). Inspired by Reynolds behavioral rules for $boids$, flocking behavioral rules with the zones of repulsion, conflict, attraction,…

Multiagent Systems · Computer Science 2025-08-05 Hossein B. Jond

We study consumption behaviour in systems with heterogeneous interacting agents. Two different models are introduced, respectively with long and short range interactions among agents. At any time step an agent decides whether or not to…

Statistical Mechanics · Physics 2008-12-02 Giulia Iori , Vassilis Koulovassilopoulos

We consider a family of multivariate distributions with heavy-tailed margins and the type I elliptical dependence structure. This class of risks is common in finance, insurance, environmental and biostatistic applications. We obtain the…

Statistics Theory · Mathematics 2024-05-01 Kai Wang , Chengxiu Ling

Currently, the general aim of flocking and formation control laws for multi-agent systems is to form and maintain a rigid configuration, such as, the alpha-lattices in flocking control methods, where the desired distance between each pair…

Systems and Control · Electrical Eng. & Systems 2023-08-09 Tinghua Li , Bayu Jayawardhana

We investigate the full dynamics of capital allocation and wealth distribution of heterogeneous agents in a frictional economy during booms and busts using tools from mean-field games. Two groups in our models, namely the expert and the…

Mathematical Finance · Quantitative Finance 2025-02-18 Hoang Vu , Tomoyuki Ichiba

Random walks are one of the best investigated dynamical processes on graphs. A particularly fascinating phenomenon is the scaling relationship of fluctuations $\sigma $ with the average flux $\langle f \rangle $. Here we analyze how network…

Physics and Society · Physics 2015-05-28 Kosmas Kosmidis , Moritz Beber , Marc-Thorsten Hütt

How diversity is maintained in natural ecosystems is a long-standing question in Theoretical Ecology. By studying a system that combines ecological dynamics, heterogeneous interactions and spatial structure, we uncover a new mechanism for…

Populations and Evolution · Quantitative Biology 2024-03-21 Giulia Garcia Lorenzana , Ada Altieri , Giulio Biroli

The interconnectedness of financial institutions affects instability and credit crises. To quantify systemic risk we introduce here the PD model, a dynamic model that combines credit risk techniques with a contagion mechanism on the network…

Computational Finance · Quantitative Finance 2018-04-10 Daniele Petrone , Vito Latora

This paper aims to systematically solve stochastic team optimization of large-scale system, in a rather general framework. Concretely, the underlying large-scale system involves considerable weakly-coupled cooperative agents for which the…

Optimization and Control · Mathematics 2021-05-18 Xinwei Feng , Ying Hu , Jianhui Huang

Organizational growth processes have consistently been shown to exhibit a fatter-than-Gaussian growth-rate distribution in a variety of settings. Long periods of relatively small changes are interrupted by sudden changes in all size scales.…

Physics and Society · Physics 2014-08-13 Hernan Mondani , Petter Holme , Fredrik Liljeros

We consider weakly interacting diffusions on time varying random graphs. The system consists of a large number of nodes in which the state of each node is governed by a diffusion process that is influenced by the neighboring nodes. The…

Probability · Mathematics 2017-02-16 Shankar Bhamidi , Amarjit Budhiraja , Ruoyu Wu

Network analysis provides powerful tools to learn about a variety of social systems. However, most analyses implicitly assume that the considered relational data is error-free, reliable and accurately reflects the system to be analysed.…

Social and Information Networks · Computer Science 2022-01-12 Felix I. Stamm , Leonie Neuhäuser , Florian Lemmerich , Michael T. Schaub , Markus Strohmaier

The effect of population heterogeneity in multi-agent learning is practically relevant but remains far from being well-understood. Motivated by this, we introduce a model of multi-population learning that allows for heterogeneous beliefs…

Multiagent Systems · Computer Science 2023-01-13 Shuyue Hu , Harold Soh , Georgios Piliouras

It is recognized that social heterogeneities in terms of the contact distribution have a strong influence on the spread of infectious diseases. Nevertheless, few data are available on the group composition of social contacts, and their…

Optimization and Control · Mathematics 2023-06-09 Jonathan Franceschi , Andrea Medaglia , Mattia Zanella