We report a study of a stylized banking cascade model investigating systemic risk caused by counterparty failure using liabilities and assets to define banks' balance sheet. In our stylized system, banks can be in two states: normally operating or distressed and the state of a bank changes from...

In this paper, we discuss a voting model in which voters can obtain information from a finite number of previous voters. There exist three groups of voters:

By an extensive Monte-Carlo calculation together with the finite-size-scaling and the multiple histogram method, the critical coupling constant (Kc=J/kBTc) of the Ising ferromagnet on the fcc, hcp, and double hcp (dhcp) lattices were obtained with unprecedented precision: Kcfcc=0.1020707(2),...