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The total number of fatalities of an epidemic outbreak is a dramatic but extremely informative quantity. Knowledge of the statistics of this quantity allows the calculation of the mean total number of fatalities conditioned to the fact that…

Physics and Society · Physics 2024-03-06 Alvaro Corral

We propose an approach to compute the conditional moments of fat-tailed phenomena that, only looking at data, could be mistakenly considered as having infinite mean. This type of problems manifests itself when a random variable Y has a…

Applications · Statistics 2018-08-02 Nassim Nicholas Taleb , Pasquale Cirillo

Extreme events can come either from point processes, when the size or energy of the events is above a certain threshold, or from time series, when the intensity of a signal surpasses a threshold value. We are particularly concerned by the…

Statistical Mechanics · Physics 2017-07-26 Alvaro Corral

Analytical descriptions of patterns concerning spread and fatality during an epidemic, covering natural as well as restriction periods, are important for reducing damage. We employ a scaling model to investigate this aspect in the real data…

Physics and Society · Physics 2023-10-25 Subir K. Das

Finite-size scaling is a key tool in statistical physics, used to infer critical behavior in finite systems. Here we use the analogous concept of finite-time scaling to describe the bifurcation diagram at finite times in discrete dynamical…

Adaptation and Self-Organizing Systems · Physics 2018-04-12 Alvaro Corral , Lluis Alseda , Josep Sardanyes

Random shifting typically appears in credibility models whereas random scaling is often encountered in stochastic models for claim sizes reflecting the time-value property of money. In this article we discuss some aspects of random shifting…

Methodology · Statistics 2014-10-08 Enkelejd Hashorva , Lanpeng Ji

Power-law distributions are typical macroscopic features occurring in almost all complex systems observable in nature. As a result, researchers in quantitative analyses must often generate random synthetic variates obeying power-law…

Physics and Society · Physics 2014-11-11 Filippo Radicchi

This paper investigates the impact of distributional uncertainty on key risk measures under the partial knowledge of underlying distributions characterized by their first two moments and shape information (specifically symmetry and/or…

Risk Management · Quantitative Finance 2025-12-16 Mengshuo Zhao , Narayanaswamy Balakrishnan , Chuancun Yin , Hui Shao

A finite size scaling theory, originally developed only for transitions to absorbing states [Phys. Rev. E {\bf 92}, 062126 (2015)], is extended to distinct sorts of discontinuous nonequilibrium phase transitions. Expressions for quantities…

Statistical Mechanics · Physics 2018-06-13 Marcelo M. de Oliveira , M. G. E. da Luz , Carlos E. Fiore

The size that an epidemic can reach, measured in terms of the number of fatalities, is an extremely relevant quantity. It has been recently claimed [Cirillo & Taleb, Nature Physics 2020] that the size distribution of major epidemics in…

Physics and Society · Physics 2021-03-18 Alvaro Corral

Rare trajectories of stochastic systems are important to understand -- because of their potential impact. However, their properties are by definition difficult to sample directly. Population dynamics provides a numerical tool allowing their…

Statistical Mechanics · Physics 2017-07-03 Esteban Guevara Hidalgo , Takahiro Nemoto , Vivien Lecomte

Diffusion on a T fractal lattice under the influence of topological biasing fields is studied by finite size scaling methods. This allows to avoid proliferation and singularities which would arise in a renormalization group approach on…

Condensed Matter · Physics 2015-06-25 G. Sartoni , A. L. Stella

The error threshold transition in a stochastic (i.e. finite population) version of the quasispecies model of molecular evolution is studied using finite-size scaling. For the single-sharp-peak replication landscape, the deterministic model…

Statistical Mechanics · Physics 2009-10-31 P. R. A. Campos , J. F. Fontanari

For a system near a second order phase transition, the probability distribution for the order parameter can be given a finite size scaling form. This fact is used to compare the finite temperature phase transition for the Wilson lines in…

High Energy Physics - Lattice · Physics 2007-05-23 Stuart Staniford-Chen

We consider the Moran process with two populations competing under an iterated Prisoners' Dilemma in the presence of mutation, and concentrate on the case where there are multiple Evolutionarily Stable Strategies. We perform a complete…

Dynamical Systems · Mathematics 2015-12-23 Lee DeVille , Meghan Galiardi

Epidemics unfold by means of a spreading process from each infected individual to a random number of secondary cases. It has been claimed that the so-called superspreading events in COVID-19 are governed by a power-law tailed distribution…

Physics and Society · Physics 2022-06-29 Carles Falcó , Álvaro Corral

We investigated two-dimensional brittle fragmentation with a flat impact experimentally, focusing on the low impact energy region near the fragmentation-critical point. We found that the universality class of fragmentation transition…

Statistical Mechanics · Physics 2007-05-23 Hiroaki Katsuragi , Daisuke Sugino , Haruo Honjo

The frequency and magnitude of weather extreme events have increased significantly during the past few years in response to anthropogenic climate change. However, global statistical characteristics and underlying physical mechanisms are…

Atmospheric and Oceanic Physics · Physics 2022-09-07 Qing Yao , Jingfang Fan , Jun Meng , Valerio Lucarini , Henrik Jeldtoft Jensen , Kim Christensen , Xiaosong Chen

Finite-size effects in systems with diverging characteristic lengthscale have been addressed via state-of-the-art Monte Carlo and molecular dynamics simulations of various models exhibiting solid-solid, liquid-liquid and vapor-liquid…

Statistical Mechanics · Physics 2018-03-09 Subir K. Das , Sutapa Roy , Suman Majumder , Shaista Ahmad

The concept of random deaths in a computational model for population dynamics is critically examined. We claim that it is just an artifact, albeit useful, of computational models to limit the size of the populations and has no biological…

Statistical Mechanics · Physics 2007-05-23 J. S. Sa' Martins , S. Cebrat
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