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Extreme events have low occurrence probabilities and display pronounced deviation from their average behaviour, such as earthquakes or power blackouts. Such extreme events occurring on the nodes of a complex network have been extensively…

Physics and Society · Physics 2022-02-09 Govind Gandhi , M. S. Santhanam

The presence of interference, where the outcome of an individual may depend on the treatment assignment and behavior of neighboring nodes, can lead to biased causal effect estimation. Current approaches to network experiment design focus on…

Machine Learning · Computer Science 2024-05-22 Zahra Fatemi , Jean Pouget-Abadie , Elena Zheleva

We study a problem of failure of two interdependent networks in the case of correlated degrees of mutually dependent nodes. We assume that both networks (A and B) have the same number of nodes $N$ connected by the bidirectional dependency…

Disordered Systems and Neural Networks · Physics 2015-05-20 Sergey V. Buldyrev , Nathaniel Shere , Gabriel A. Cwilich

We study how large functional networks can grow stably under possible cascading overload failures and evaluated the maximum stable network size above which even a small-scale failure would cause a fatal breakdown of the network. Employing a…

Physics and Society · Physics 2017-11-01 Shogo Mizutaka , Kousuke Yakubo

We introduce a general framework for models of cascade and contagion processes on networks, to identify their commonalities and differences. In particular, models of social and financial cascades, as well as the fiber bundle model, the…

Risk Management · Quantitative Finance 2015-05-13 Jan Lorenz , Stefano Battiston , Frank Schweitzer

This paper deals with the detection and prediction of losses due to cyber attacks waged on vital networks. The accumulation of losses to a network during a series of attacks is modeled by a 2-dimensional monotone random walk process as…

Probability · Mathematics 2019-01-23 Jewgeni H. Dshalalow , Ryan T. White

Complex networks have been shown to be robust against random structural perturbations, but vulnerable against targeted attacks. Robustness analysis usually simulates the removal of individual or sets of nodes, followed by the assessment of…

Molecular Networks · Quantitative Biology 2012-11-13 Oriol Güell , Francesc Sagués , Georg Basler , Zoran Nikoloski , M. Ángeles Serrano

Modern large network systems normally work in cooperation and incorporate dependencies between their components for purposes of efficiency and regulation. Such dependencies may become a major risk since they can cause small scale failures…

Physics and Society · Physics 2020-08-12 Dong Zhou , Amir Bashan

A central concern of network operators is to estimate the probability of an incident that affects a significant part and thus may yield to a breakdown. We answer this question by modeling how a failure of either a node or an edge will…

Applications · Statistics 2018-02-22 Sandra König

Recent studies of attacks on complex networks suggest that small initial breakdowns can lead to global cascades of overload failures in communication, economic trading, and supply-transportation systems, considering the defense methods is…

Disordered Systems and Neural Networks · Physics 2007-05-23 Yukio Hayashi , Toshiyuki Miyazaki

Real systems are usually composed by units or nodes whose activity can be interrupted and restored intermittently due to complex interactions not only with the environment, but also with the same system. Majdand\v{z}i\'c $et\;al.$ [Nature…

Physics and Society · Physics 2016-09-20 L. D. Valdez , M. A. Di Muro , L. A. Braunstein

A probabilistic framework is introduced that represents stylized banking networks and aims to predict the size of contagion events. In contrast to previous work on random financial networks, which assumes independent connections between…

General Finance · Quantitative Finance 2011-10-20 Thomas R. Hurd , James P. Gleeson

We analyze cascades of defaults in an interbank loan market. The novel feature of this study is that the network structure and the size distribution of banks are derived from empirical data. We find that the ability of a defaulted…

Statistical Finance · Quantitative Finance 2016-01-21 Fariba Karimi , Matthias Raddant

In an increasingly connected world, the resilience of networked dynamical systems is important in the fields of ecology, economics, critical infrastructures, and organizational behaviour. Whilst we understand small-scale resilience well,…

Adaptation and Self-Organizing Systems · Physics 2018-08-21 Giannis Moutsinas , Weisi Guo

Cascades on random networks are typically analyzed by assuming they map onto percolation processes and then are solved using generating function formulations. This approach assumes that the network is infinite and weakly connected, yet…

Physics and Society · Physics 2013-05-29 Daniel E. Whitney

In this paper the interactions between component failures are quantified and the interaction matrix and interaction network are obtained. The quantified interactions can capture the general propagation patterns of the cascades from…

Systems and Control · Computer Science 2014-08-26 Junjian Qi , Kai Sun , Shengwei Mei

Cascading failures, triggered by a local perturbation, can be catastrophic and cause irreparable damages in a wide area. Hence, blocking the devastating cascades is an important issue in real world networks. One of the ways to control the…

Physics and Society · Physics 2024-06-28 Davood Fazli , Mozhgan Khanjanianpak , Nahid Azimi-Tafreshi

We study a cascading edge failure mechanism on a connected random graph with a prescribed degree sequence, sampled using the configuration model. This mechanism prescribes that every edge failure puts an additional strain on the remaining…

Probability · Mathematics 2023-07-18 Fiona Sloothaak , Lorenzo Federico

The power of networks manifests itself in a highly non-linear amplification of a number of effects, and their weakness - in propagation of cascading failures. The potential systemic risk effects can be either exacerbated or mitigated,…

Distributed, Parallel, and Cluster Computing · Computer Science 2013-03-26 Dmitry Zinoviev , Hamid Benbrahim , Greta Meszoely , Dan Stefanescu

Online social networks have increasing influence on our society, they may play decisive roles in politics and can be crucial for the fate of companies. Such services compete with each other and some may even break down rapidly. Using social…

Physics and Society · Physics 2017-12-20 János Török , János Kertész
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