Related papers: Self-Organized Criticality and Stock Market Dynami…
Self-organized criticality has been claimed to play an important role in many natural and social systems. In the present work we empirically investigate the relevance of this theory to stock-market dynamics. Avalanches in stock-market…
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 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…
Avalanches, or Avalanche-like, events are often observed in the dynamical behaviour of many complex systems which span from solar flaring to the Earth's crust dynamics and from traffic flows to financial markets. Self-organized criticality…
Power laws in nature are considered to be signatures of complexity. The theory of self-organized criticality (SOC) was proposed to explain their origins. A longstanding principle of SOC is the \emph{separation of timescales} axiom. It…
``Self-Organised Criticality'' (SOC) is the mechanism by which complex systems spontaneously settle close to a *critical point*, at the edge between stability and chaos, and characterized by fat-tailed fluctuations and long-memory…
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…
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…
Neuronal networks can present activity described by power-law distributed avalanches presumed to be a signature of a critical state. Here we study a random-neighbor network of excitable cellular automata coupled by dynamical synapses. The…
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…
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…
A self-organising model is proposed to explain the criticality in cortical networks deduced from recent observations of neuronal avalanches. Prevailing understanding of self-organised criticality (SOC) dictates that conservation of energy…
Many natural phenomena exhibit power law behaviour in the distribution of event size. This scaling is successfully reproduced by Self Organized Criticality (SOC). On the other hand, temporal occurrence in SOC models has a Poisson-like…
Power laws and distributions with heavy tails are common features of many experimentally studied complex systems, like the distribution of the sizes of earthquakes and solar flares, or the duration of neuronal avalanches in the brain.…
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…
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,…
Recognising changes in collective dynamics in complex systems is essential for predicting potential events and their development. Possessing intrinsic attractors with laws associated with scale invariance, self-organised critical dynamics…
A mean-field sandpile model that exhibits self-organized criticality (SOC) despite violation of the grain-transfer conservation law during avalanches is proposed. The sandpile consists of $N$ agents and possesses background activity with…
In the last decade, several models with network adaptive mechanisms (link deletion-creation, dynamic synapses, dynamic gains) have been proposed as examples of self-organized criticality (SOC) to explain neuronal avalanches. However, all…
We investigate the relevance of {\sl self-organized criticality (SOC)} models in previously published empirical datasets, which includes statistical observations in astrophysics, geophysics, biophysics, sociophysics, and informatics. We…