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Financial markets are a typical example of complex systems where interactions between constituents lead to many remarkable features. Here, we show that a pairwise maximum entropy model (or auto-logistic model) is able to describe switches…

统计金融 · 定量金融 2014-01-28 Thomas Bury

We report on the dynamics of a model frictional system submitted to minute external perturbations. The system consists of a chain of sliders connected through elastic springs that rest on an incline. By introducing cyclic expansions and…

经典物理 · 物理学 2015-06-03 Baptiste Blanc , Luis A. Pugnaloni , Jean-Christophe Géminard

In the sciences in general, the phrase "route to chaos" has come to refer to a metaphor when some physical, biological, economic, or social system transitions from one exhibiting order to one displaying randomness (or chaos). Sometimes the…

动力系统 · 数学 2023-02-14 Sylvain Crovisier , Enrique Pujals

The Anthropocene is characterized by close interdependencies between the natural Earth system and the human society, posing novel challenges to model development. Here we present a conceptual model describing the long-term coevolution of…

物理与社会 · 物理学 2017-02-06 Jan Nitzbon , Jobst Heitzig , Ulrich Parlitz

The understanding of complex systems has become a central issue because complex systems exist in a wide range of scientific disciplines. Time series are typical experimental results we have about complex systems. In the analysis of such…

In this chapter the complex systems are discussed in the context of economic and business policy and decision making. It will be showed and motivated that social systems are typically chaotic, non-linear and/or non-equilibrium and therefore…

综合金融 · 定量金融 2015-03-20 Robert Kitt

In this brief review, we critically examine the recent work done on correlation-based networks in financial systems. The structure of empirical correlation matrices constructed from the financial market data changes as the individual stock…

计算金融 · 定量金融 2020-04-21 Vishwas Kukreti , Hirdesh K. Pharasi , Priya Gupta , Sunil Kumar

The proposed model is aimed to reveal important patterns in the behavior of a simplified financial system. The patterns could be detected as regular cycles consisting of debt bubbles and crises. Financial cycles have a well defined…

综合金融 · 定量金融 2016-09-19 Alexander Smirnov

Metastability is a phenomenon observed in stochastic systems which stay in a false-equilibrium within a region of its state space until the occurrence of a sequence of rare events that leads to an abrupt transition to a different region.…

综合经济学 · 经济学 2023-12-18 Diego Marcondes , Adilson Simonis

We propose a general scenario to analyze social and economic changes in modern environments. We illustrate the ideas with a model that incorporating the main trends is simple enough to extract analytical results and, at the same time,…

统计力学 · 物理学 2009-10-31 A. Arenas , A. Diaz-Guilera , C. J. Perez , F. Vega-Redondo

Short-term survival and an exuberant plunge into building our future are generating a new kind of unintended consequence -- hidden fragility. This is a direct effect of the sophistication and structural complexity of the socio-technical…

物理与社会 · 物理学 2020-03-26 James P. Crutchfield

This paper presents a conceptual model describing the medium and long-term co-evolution of natural and socio-economic subsystems of Earth. An economy is viewed as an out-of-equilibrium dissipative structure that can only be maintained with…

综合经济学 · 经济学 2022-05-09 Éric Herbert , and Gael Giraud , Aurélie Louis-Napoléon , Christophe Goupil

Granular materials, composed of discrete solid grains, can be modeled as simple mechanical systems. However, these materials can undergo spontaneous slow deformation, or creep, even under small forces and while in apparent mechanical…

软凝聚态物质 · 物理学 2025-02-05 Kasra Farain , Daniel Bonn

We discuss the feasibility of predicting, managing and subsequently manipulating, the future evolution of a Complex Adaptive System. Our archetypal system mimics a population of adaptive, interacting objects, such as those arising in the…

物理与社会 · 物理学 2007-05-23 David M. D. Smith , Neil F. Johnson

Many natural and technological systems fail to adapt to changing external conditions and move to a different state if the conditions vary too fast. Such "non-adiabatic" processes are ubiquitous, but little understood. We identify these…

动力系统 · 数学 2015-06-18 Clare Perryman , Sebastian Wieczorek

On timescales that greatly exceed an orbital period, typical planetary orbits evolve in a stochastic yet stable fashion. On even longer timescales, however, planetary orbits can spontaneously transition from bounded to unbound chaotic…

地球与行星天体物理 · 物理学 2015-06-23 Konstantin Batygin , Alessandro Morbidelli , Mathew J. Holman

Societal complexity may be at a historical peak. Distinct from entropy, complexity tends to rise as systems move away from order, crest at an intermediate state, and decline as entropy continues increasing. The use of a thermodynamic…

物理与社会 · 物理学 2026-05-08 Theodore Modis

Sloped terrains tend to creep downward over time, even when their slope is below the nominal angle of repose. This behavior can result from periodic variations in environmental conditions, such as daily or seasonal fluctuations in…

无序系统与神经网络 · 物理学 2025-07-31 Ezequiel E. Ferrero , Eduardo A. Jagla

We describe a new complex system model of an evolving production economy. This model is the simplest we can envisage which incorporates the new observation that the rate of an economic production process depends only on the minimum of its…

适应与自组织系统 · 物理学 2007-05-23 A. Ponzi , A. Yasutomi , K. Kaneko

In multi-agent environments in which coordination is desirable, the history of play often causes lock-in at sub-optimal outcomes. Notoriously, technologies with a significant environmental footprint or high social cost persist despite the…

计算机科学与博弈论 · 计算机科学 2020-07-28 Stefanos Leonardos , Iosif Sakos , Costas Courcoubetis , Georgios Piliouras