Related papers: Scale-free avalanche dynamics in the stock market
The statistical property of the calm times, i.e., time intervals between successive earthquakes with arbitrary values of magnitude, is studied by analyzing the seismic time series data in California and Japan. It is found that the calm…
In this study we are testing whether the power law slopes ($\alpha_F$, $\alpha_E$) of fluxes $(F)$, fluences or energies $(E)$ are universal in their size distributions, $N(F) \propto F^{-\alpha_F}$ and $N(E) \propto E^{-\alpha_E}$, in…
The presence of universality of avalanches characterizing the inelastic response of disordered materials has the potential to bridge the gap from micro- to macroscale. In this study, we explore the statistics and the scaling behavior of…
A system is in a self-organized critical state if the distribution of some measured events (avalanche sizes, for instance) obeys a power law for as many decades as it is possible to calculate or measure. The finite-size scaling of this…
The volatility characterizes the amplitude of price return fluctuations. It is a central magnitude in finance closely related to the risk of holding a certain asset. Despite its popularity on trading floors, the volatility is unobservable…
Using a simple lattice model for granular media, we present a scenario of self-organization that we term self-organized structuring where the steady state has several unusual features: (1) large scale space and/or time inhomogeneities and…
Uniform spherical beads were used to explore the behavior of a granular system near its critical angle of repose on a conical bead pile. We found two tuning parameters that could take the system to a critical point where a simple power-law…
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…
Avalanches whose sizes and durations are distributed as power laws appear in many contexts. Here, we show that there is a hidden peril in thresholding continuous times series --either from empirical or synthetic data-- for the detection of…
We investigate the sandpile model on the two--dimensional Sierpinski gasket fractal. We find that the model displays novel critical behavior, and we analyze the distribution functions of avalanche sizes, lifetimes and topplings and…
The self-organized criticality in Ehrenfest's historical dog-flea model is analyzed by simulating the underlying stochastic process. The fluctuations around the thermal equilibrium in the model are treated as avalanches. We show that the…
Allometric scaling laws, such as Kleiber's law for metabolic rate, highlight how efficiency emerges with size across living systems. The brain, with its characteristic sublinear scaling of activity, has long posed a puzzle: why do larger…
Avalanche dynamics and related power law statistics are ubiquitous in nature, arising in phenomena like earthquakes, forest fires and solar flares. Very interestingly, an analogous behavior is associated with many condensed matter systems,…
The scaling properties of the time series of asset prices and trading volumes of stock markets are analysed. It is shown that similarly to the asset prices, the trading volume data obey multi-scaling length-distribution of low-variability…
A damped chain of particles with harmonic nearest-neighbor interactions in a spatially periodic, piecewise harmonic potential (Frenkel-Kontorova model) is studied numerically. One end of the chain is pulled slowly which acts as a weak…
Stress vs. strain fluctuations in athermal amorphous solids are an example of `crackling noise' of the type studied extensively in the context of elastic membranes moving through random potentials. Contrary to the latter, we do not have a…
We explore in the mean-field approximation the robustness with respect to dissipation of self-organized criticality in sandpile models. To this end, we generalize a recently introduced self-organized branching process, and show that the…
We investigate the volatility return intervals in the NYSE and FOREX markets. We explain previous empirical findings using a model based on the interacting agent hypothesis instead of the widely-used efficient market hypothesis. We derive…
Certain systems with slow driving and avalanche-like dissipation events are naturally close to a critical point when the ratio of two energy scales is large. The first energy scale is the threshold above which an avalanche is triggered, the…
The imbalance of buying and selling functions profoundly in the formation of market trends, however, a fine-granularity investigation of the imbalance is still missing. This paper investigates a unique transaction dataset that enables us to…