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In a network, a local disturbance can propagate and eventually cause a substantial part of the system to fail, in cascade events that are easy to conceptualize but extraordinarily difficult to predict. Here, we develop a statistical…

Physics and Society · Physics 2017-02-07 Yang Yang , Takashi Nishikawa , Adilson E. Motter

Most complex systems are nonlinear, relying on emergent behavior from interacting subsystems, often characterized by oscillatory dynamics. Collective oscillatory behavior is essential for the proper functioning of many real world systems.…

Adaptation and Self-Organizing Systems · Physics 2024-07-03 Soumen Majhi , Biswambhar Rakshit , Amit Sharma , Jürgen Kurths , Dibakar Ghosh

Random links between otherwise distant nodes can greatly facilitate the propagation of disease or information, provided contagion can be transmitted by a single active node. However we show that when the propagation requires simultaneous…

Physics and Society · Physics 2012-02-10 Damon Centola , Michael W. Macy , Victor M. Eguiluz

An epidemic spreading in a network calls for a decision on the part of the network members: They should decide whether to protect themselves or not. Their decision depends on the trade-off between their perceived risk of being infected and…

Systems and Control · Computer Science 2015-03-17 George Theodorakopoulos , Jean-Yves Le Boudec , John S. Baras

Evolution produces complex and structured networks of interacting components in chemical, biological, and social systems. We describe a simple mathematical model for the evolution of an idealized chemical system to study how a network of…

Adaptation and Self-Organizing Systems · Physics 2014-03-05 Sanjay Jain , Sandeep Krishna

Propagation of balance-sheet or cash-flow insolvency across financial institutions may be modeled as a cascade process on a network representing their mutual exposures. We derive rigorous asymptotic results for the magnitude of contagion in…

Risk Management · Quantitative Finance 2014-03-26 Hamed Amini , Rama Cont , Andreea Minca

Are large biological extinctions such as the Cretaceous/Tertiary KT boundary due to a meteorite, extreme volcanic activity or self-organized critical extinction cascades? Are commercial successes due to a progressive reputation cascade or…

Physics and Society · Physics 2007-05-23 D. Sornette

Many systems, ranging from engineering to medical to societal, can only be properly characterized by multiple interdependent networks whose normal functioning depends on one another. Failure of a fraction of nodes in one network may lead to…

Disordered Systems and Neural Networks · Physics 2015-05-13 Sergey V. Buldyrev , Roni Parshani , Gerald Paul , H. Eugene Stanley , Shlomo Havlin

Ecological networks describe the interactions between different species, informing us of how they rely on one another for food, pollination and survival. If a species in an ecosystem is under threat of extinction, it can affect other…

Populations and Evolution · Quantitative Biology 2023-07-06 Chris Jones , Damaris Zurell , Karoline Wiesner

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

The dynamics of collaboration networks of firms follow a life-cycle of growth and decline. That does not imply they also become less resilient. Instead, declining collaboration networks may still have the ability to mitigate shocks from…

Physics and Society · Physics 2021-02-24 Frank Schweitzer , Giona Casiraghi , Mario V. Tomasello , David Garcia

The dynamic network of relationships among corporations underlies cascading economic failures including the current economic crisis, and can be inferred from correlations in market value fluctuations. We analyze the time dependence of the…

Statistical Finance · Quantitative Finance 2010-11-18 Dion Harmon , Blake Stacey , Yavni Bar-Yam , Yaneer Bar-Yam

We examine a model of network formation in single-layer and multiplex networks in which individuals have positive incentives for social ties, closed triangles, and spillover edges. In particular, we investigate the influence of shocks to…

Social and Information Networks · Computer Science 2018-05-18 Paul E. Smaldino , Raissa D'Souza , Zeev Maoz

Dispersal networks critically shape the fate of ecological communities, yet the mechanisms linking connectivity and persistence remain poorly understood. We show that an interplay between asymmetric dispersal and asynchronous dynamics…

Epidemic outbreaks of new pathogens, or known pathogens in new populations, cause a great deal of fear because they are hard to predict. For theoretical models of disease spreading, on the other hand, quantities characterizing the outbreak…

Populations and Evolution · Quantitative Biology 2015-05-20 Petter Holme , Taro Takaguchi

Single- and multi-layer complex networks have been proven as a powerful tool to study the dynamics within social, technological,or natural systems. An often observed common goal there is to optimize these systems for specific purposes by…

Physics and Society · Physics 2021-02-11 Tanja Holstein , Marc Wiedermann , Jürgen Kurths

An important feature of many complex systems, both natural and artificial, is the structure and organization of their interaction networks with interesting properties. Here we present a theory of self-organization by evolutionary adaptation…

Adaptation and Self-Organizing Systems · Physics 2007-05-23 Venkat Venkatasubramanian , Santhoji Katare , Priyan R. Patkar , Fangping Mu

Recent work in modeling the coupling between disease dynamics and dynamic social network geometry has led to the examination of how human interactions force a rewiring of connections in a population. Rewiring of the network may be…

Statistical Mechanics · Physics 2009-09-29 Leah B. Shaw , Ira B. Schwartz

Current network models assume one type of links to define the relations between the network entities. However, many real networks can only be correctly described using two different types of relations. Connectivity links that enable the…

Data Analysis, Statistics and Probability · Physics 2015-05-20 Roni Parshani , Sergey V. Buldyrev , Shlomo Havlin

The latest financial crisis has painfully revealed the dangers arising from a globally interconnected financial system. Conventional approaches based on the notion of the existence of equilibrium and those which rely on statistical…

Trading and Market Microstructure · Quantitative Finance 2019-12-12 V. Sasidevan , Nils Bertschinger