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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

Directed and heterogeneous hypergraphs capture directional higher-order interactions with intrinsically asymmetric functional dependencies among nodes. As a result, damage to certain nodes can suppress entire hyperedges, whereas failure of…

Disordered Systems and Neural Networks · Physics 2026-01-29 Yunxue Sun , Xueming Liu , Ginestra Bianconi

Higher-order interactions can dramatically reshape collective dynamics, yet how their microscopic organization controls macroscopic critical behavior remains unclear. Here we develop a new theory to study contagion dynamics on hypergraphs…

Physics and Society · Physics 2026-01-16 Federico Malizia , Andrés Guzmán , Federico Battiston , István Z. Kiss

The interdependent nature of the global economy has become stronger with increases in international trade and investment. We propose a new model to reconstruct the international trade network and associated cost network by maximizing…

Physics and Society · Physics 2018-06-05 Yuichi Ikeda , Hiroshi Iyetomi

Business cycles tend to comove across countries. However, standard models that attribute comovement to propagation of exogenous shocks struggle to generate a level of comovement that is as high as in the data. In this paper, we consider…

General Economics · Economics 2024-09-13 Marco Pangallo

We study spatiotemporal chaos in two-dimensional dense active suspensions using a generalized hydrodynamic model. Increasing activity induces a structural transition marked by the formation of intense vortices and giant number fluctuations…

Fluid Dynamics · Physics 2026-03-13 Kirti Kashyap , Kolluru Venkata Kiran , Anupam Gupta

Using a semi-structural approach, the paper identifies how heterogeneity and financial frictions affect the transmission of aggregate shocks. Approximating a heterogeneous agent model around the representative agent allocation can…

General Economics · Economics 2020-07-29 Andreas Tryphonides

Despite the use of glasses for thousands of years, the nature of the glass transition is still mysterious. On approaching the glass transition, the growth of dynamic heterogeneity has long been thought to play a key role in explaining the…

Soft Condensed Matter · Physics 2018-03-23 Lijin Wang , Ning Xu , W. H. Wang , Pengfei Guan

We investigate the daily correlation present among market indices of stock exchanges located all over the world in the time period Jan 1996 - Jul 2009. We discover that the correlation among market indices presents both a fast and a slow…

Statistical Finance · Quantitative Finance 2011-08-16 Dong-Ming Song , Michele Tumminello , Wei-Xing Zhou , Rosario N. Mantegna

The International Trade Network (ITN) is the network formed by trade relationships between world countries. The complex structure of the ITN impacts important economic processes such as globalization, competitiveness, and the propagation of…

General Finance · Quantitative Finance 2017-05-18 Assaf Almog , Tiziano Squartini , Diego Garlaschelli

Although ubiquitous, interactions of groups of individuals (e.g., modern messaging applications, group meetings, or even a parliament discussion) are not yet thoroughly studied. Frequently, single-groups are modeled as critical-mass…

Physics and Society · Physics 2023-06-19 Guilherme Ferraz de Arruda , Giovanni Petri , Pablo Martín Rodriguez , Yamir Moreno

We consider extensive data on Spanish international trades and population composition and, through statistical-mechanics and graph-theory driven analysis, we unveil that the social network made of native and foreign-born individuals plays a…

Physics and Society · Physics 2016-02-02 Elena Agliari , Adriano Barra , Andrea Galluzzi , Francisco Requena-Silvente , Daniele Tantari

Geometrical distance is an important constraining factor underpinning the emergence of social and economic interactions of complex systems. Yet, agent-based studies supported by granular analysis of distances are limited. Here, we develop a…

Physics and Society · Physics 2023-11-28 Eduardo Viegas , Orr Levy , Shlomo Havlin , Hideki Takayasu , Misako Takayasu

Pesticides are a kind of agricultural input, whose use can greatly reduce yield loss, regulate plant growth, effectively liberate agricultural productivity, and improve food security. The availability of pesticides in economies all over the…

Physics and Society · Physics 2024-08-08 Jian-An Li , Li Wang , Wen-Jie Xie , Wei-Xing Zhou

We introduce a new framework to model interactions among agents which seek to trade to minimize their risk with respect to some future outcome. We quantify this risk using the concept of risk measures from finance, and introduce a class of…

Computer Science and Game Theory · Computer Science 2014-10-13 Rafael M. Frongillo , Mark D. Reid

We study the coevolutionary dynamics of network topology and social complex contagion using a threshold cascade model. Our coevolving threshold model incorporates two mechanisms: the threshold mechanism for the spreading of a minority state…

Physics and Society · Physics 2023-06-16 Byungjoon Min , Maxi San Miguel

We study the collapse towards the gravitational radius of a macroscopic spherical thick shell surrounding an inner massive core. This overall electrically neutral macroshell is composed by many nested delta-like massive microshells which…

General Relativity and Quantum Cosmology · Physics 2009-11-11 G. L. Alberghi , R. Casadio , D. Fazi

Many biological tissues feature a heterogeneous network of fibers whose tensile and bending rigidity contribute substantially to these tissues' elastic properties. Rigidity percolation has emerged as a important paradigm for relating these…

This paper deals with the stability properties of a closed market, where capital and labour force are acting like a predator-prey system in population-dynamics. The spatial movement of the capital and labour force are taken into account by…

Dynamical Systems · Mathematics 2013-02-19 Laszlo Balazsi , Krisztina Kiss

Heteroclinic structures organize global features of dynamical systems. We analyze whether heteroclinic structures can arise in network dynamics with higher-order interactions which describe the nonlinear interactions between three or more…

Dynamical Systems · Mathematics 2024-02-27 Christian Bick , Sören von der Gracht