Network geometry and market instability.

The complexity of financial markets arise from the strategic interactions among agents trading stocks, which manifest in the form of vibrant correlation patterns among stock prices. Over the past few decades, complex financial markets have often been represented as networks whose interacting pairs of nodes are stocks, connected by edges that signify the correlation strengths. However, we often have interactions that occur in groups of three or more nodes, and these cannot be described simply by pairwise interactions but we also need to take the relations between these interactions into account.

Persistent homology of unweighted complex networks via discrete Morse theory.

Topological data analysis can reveal higher-order structure beyond pairwise connections between vertices in complex networks. We present a new method based on discrete Morse theory to study topological properties of unweighted and undirected networks using persistent homology. Leveraging on the features of discrete Morse theory, our method not only captures the topology of the clique complex of such graphs via the concept of critical simplices, but also achieves close to the theoretical minimum number of critical simplices in several analyzed model and real networks.