Inspired by order-book models of financial fluctuations, we investigate the Interacting gaps model, which is the schematic one-dimensional system mimicking the order-book dynamics. We find by simulations the power-law tail in return distribution, power-law decay of volatility autocorrelation...

In complex systems such as turbulent flows and financial markets, the dynamics in long and short time-lags, signaled by Gaussian and fat-tailed statistics, respectively, calls for a unified description. To address this issue we analyze a real dataset, namely, price fluctuations, in a wide range...

The properties of the underdamped Josephson junction subjected to colored noises were investigated with large and small phase difference (φ). For the case of the large φ, we found numerically that: (i) the probability distribution function of φ exhibits monostability → bistability →...

A system of particles is studied in which the stochastic processes are one-particle type-change (or one-particle diffusion) and multi-particle annihilation. It is shown that, if the annihilation rate tends to zero but the initial values of the average number of the particles tend to infinity, so...

We investigate the thermal radiation and thermal near-field energy density of a metal-coated semi-infinite body for different substrates. We show that the surface polariton coupling within the metal coating leads to an enhancement of the TM-mode part of the thermal near-field energy density when...

This erratum corrects a mistake in reference [E. Scalas, U. Garibaldi, S. Donadio, Eur. Phys. J. B <Emphasis Type="Bold">53, 267 (2006)]. In that paper, we needed an aperiodic version of the BDY game, but, in formula (1), we incorrectly presented a periodic transition matrix of period 2 in the special case of g=2...</emphasis>

The survival of autocatalytic agents in hostile environments depends on their ability to adapt their spatial configuration to local fluctuations. A model of diffusive reactants that extract the advantage of spatio-temporal fluctuations associated with the stochastic wandering of diffusive...

We analyze general two-species stochastic models, of the kind generally used for the study of population dynamics. Although usually defined a priori, the deterministic version of these models can be obtained as the infinite volume limit of many stochastic models (which are necessarily defined by...

Based on a simple microscopic model where the bath is in a non-equilibrium state we study the escape from a metastable state in the over-damped limit. Making use of Fokker-Planck-Smoluchowski description we derive the time dependent escape rate in the non-stationary regime in closed analytical...

The Minority Game is adapted to study the “imitation dilemma”, i.e. the tradeoff between local benefit and global harm coming from imitation. The agents are placed on a substrate network and are allowed to imitate more successful neighbours. Imitation domains, which are oriented trees, are...