Related papers: The Self-Organized Criticality Paradigm in Economi…
We present a general conceptual framework for self-organized criticality (SOC), based on the recognition that it is nothing but the expression, ''unfolded'' in a suitable parameter space, of an underlying {\em unstable} dynamical critical…
The concept of Self-Organized Criticality (SOC) was proposed in an attempt to explain the widespread appearance of power-law in nature. It describes a mechanism in which a system reaches spontaneously a state where the characteristic events…
The notion of Self-organized criticality (SOC) had been conceived to interpret the spontaneous emergence of long range correlations in nature. Since then many different models had been introduced to study SOC. All of them have few common…
Self-organized criticality (SOC) refers to the ability of complex systems to evolve towards a 2nd-order phase transition at which interactions between system components lead to scale-invariant events beneficial for system performance. For…
The Stock Market is a complex self-interacting system, characterized by an intermittent behaviour. Periods of high activity alternate with periods of relative calm. In the present work we investigate empirically about the possibility that…
We suggest a generalized definition of self-organized criticality (SOC) systems: SOC is a critical state of a nonlinear energy dissipation system that is slowly and continuously driven towards a critical value of a system-wide instability…
Scale-free outbursts of activity are commonly observed in physical, geological, and biological systems. The idea of self-organized criticality (SOC), introduced back in 1987 by Bak, Tang and Wiesenfeld suggests that, under certain…
We have studied the collective behavior of a population of integrate-and-fire oscillators. We show that diversity, introduced in terms of a random distribution of natural periods, is the mechanism that permits to observe self-organized…
The concept of "self-organized criticality" (SOC) has been introduced by Bak, Tang, and Wiesenfeld (1987) to describe the statistics of avalanches on the surface of a sandpile with a critical slope, which produces a scale-free powerlaw size…
We introduce a new Self-Organized Criticality (SOC) model for simulating price evolution in an artificial financial market, based on a multilayer network of traders. The model also implements, in a quite realistic way with respect to…
The original sandpile model of Bak, Tang and Wiesenfeld from 1987 has inspired lots of consequent work and further ideas of how to describe the birth of scale-invariant statistics in various systems and in particular models. In this article…
It is a common belief that power-law distributed avalanches are inherently unpredictable. This idea affects phenomena as diverse as evolution, earthquakes, superconducting vortices, stock markets, etc; from atomic to social scales. It…
Self-organized criticality (SOC) reveals a mechanism by which a system is autonomously evolved to be in a critical state without needing parameter tuning. Whereas various biological systems are found to be in critical states and the…
Self-organized criticality (SOC) is widely proposed as a fundamental mechanism for collective behavior, yet its role in objective-driven, heterogeneous adaptive systems underpinning real complex systems remains less understood. We introduce…
A novel mechanism for the generation of self-organized criticality (SOC) is discussed in terms of the coupled-vibration model where the total system is forced under the uniform expansion of the Hubble type. This system shows a robust SOC…
Self-organized bistability (SOB) is the counterpart of 'self-organized criticality' (SOC), for systems tuning themselves to the edge of bistability of a discontinuous phase transition, rather than to the critical point of a continuous one.…
The "Self-organized criticality" (SOC), introduced in 1987 by Bak, Tang and Wiesenfeld, was an attempt to explain the 1/f noise, but it rapidly evolved towards a more ambitious scope: explaining scale invariant avalanches. In two decades,…
We present a pedagogical introduction to self-organized criticality (SOC), unraveling its connections with nonequilibrium phase transitions. There are several paths from a conventional critical point to SOC. They begin with an…
Self-organised criticality (SOC) has been suggested as a potentially powerful unifying paradigm for interpreting the structure of, and signals from, accretion systems. After reviewing the most promising sites where SOC might be observable,…
A simple model economy with locally interacting producers and consumers is introduced. When driven by extremal dynamics, the model self-organizes {\em not} to an attractor state, but to an asymptote, on which the economy has a constant rate…