Information and individual activities often spread globally through the network of social ties. While social contagion phenomena have been extensively studied within the framework of threshold models, it is common to make an assumption that may be violated in reality: each individual can observe the neighbors' states without error. Here, we analyze the dynamics of global cascades under uncertainty in an otherwise standard threshold model.
View Article and Find Full Text PDFInformation diffusion on social networks has been described as a collective outcome of threshold behaviors in the framework of threshold models. However, since the existing models do not take into account individuals' optimization problems, it remains an open question what dynamics emerge in the diffusion process when individuals face multiple (and possibly incompatible) information sources. Here, we develop a microfounded general threshold model that enables us to analyze the collective dynamics of individual behavior in the propagation of multiple information sources.
View Article and Find Full Text PDFDensification and sparsification of social networks are attributed to two fundamental mechanisms: a change in the population in the system, and/or a change in the chances that people in the system are connected. In theory, each of these mechanisms generates a distinctive type of densification scaling, but in reality both types are generally mixed. Here, we develop a Bayesian statistical method to identify the extent to which each of these mechanisms is at play at a given point in time, taking the mixed densification scaling as input.
View Article and Find Full Text PDFMany real-world social networks constantly change their global properties over time, such as the number of edges, size, and density. While temporal and local properties of social networks have been extensively studied, the origin of their dynamical nature is not yet well understood. Networks may grow or shrink if (a) the total population of nodes changes and/or (b) the chance of two nodes being connected varies over time.
View Article and Find Full Text PDFIn many data sets, information on the structure and temporality of a system coexists with noise and non-essential elements. In networked systems for instance, some edges might be non-essential or exist only by chance. Filtering them out and extracting a set of relevant connections is a non-trivial task.
View Article and Find Full Text PDFOnline financial markets can be represented as complex systems where trading dynamics can be captured and characterized at different resolutions and time scales. In this work, we develop a methodology based on non-negative tensor factorization (NTF) aimed at extracting and revealing the multi-timescale trading dynamics governing online financial systems. We demonstrate the advantage of our strategy first using synthetic data, and then on real-world data capturing all interbank transactions (over a million) occurred in an Italian online financial market (e-MID) between 2001 and 2015.
View Article and Find Full Text PDFA practical approach to protecting networks against epidemic processes such as spreading of infectious diseases, malware, and harmful viral information is to remove some influential nodes beforehand to fragment the network into small components. Because determining the optimal order to remove nodes is a computationally hard problem, various approximate algorithms have been proposed to efficiently fragment networks by sequential node removal. Morone and Makse proposed an algorithm employing the non-backtracking matrix of given networks, which outperforms various existing algorithms.
View Article and Find Full Text PDFPhys Rev E Stat Nonlin Soft Matter Phys
December 2015
Threshold models of global cascades have been extensively used to model real-world collective behavior, such as the contagious spread of fads and the adoption of new technologies. A common property of those cascade models is that a vanishingly small seed fraction can spread to a finite fraction of an infinitely large network through local infections. In social and economic networks, however, individuals' behavior is often influenced not only by what their direct neighbors are doing, but also by what the majority of people are doing as a trend.
View Article and Find Full Text PDFPhys Rev E Stat Nonlin Soft Matter Phys
June 2015
The seniority of debt, which determines the order in which a bankrupt institution repays its debts, is an important and sometimes contentious feature of financial crises, yet its impact on systemwide stability is not well understood. We capture seniority of debt in a multiplex network, a graph of nodes connected by multiple types of edges. Here an edge between banks denotes a debt contract of a certain level of seniority.
View Article and Find Full Text PDFMany immunization strategies have been proposed to prevent infectious viruses from spreading through a network. In this work, we study efficient immunization strategies to prevent a default contagion that might occur in a financial network. An essential difference from the previous studies on immunization strategy is that we take into account the possibility of serious side effects.
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