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We derive the exact form of the eigenvalue spectra of correlation matrices derived from a set of time-shifted, finite Brownian random walks (time-series). These matrices can be seen as real, asymmetric random matrices where the time-shift superimposes some structure. We demonstrate that, for...
Persistent link: https://www.econbiz.de/10005462678
We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy follows indeed the concept of creative destruction, as proposed by J.A. Schumpeter more than half a century ago. National economies can be viewed as complex, evolving...
Persistent link: https://www.econbiz.de/10011139866
We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy indeed follows the concept of creative destruction, as proposed by J.A. Schumpeter more than half a century ago. National economies can be viewed as complex, evolving...
Persistent link: https://www.econbiz.de/10011139914
Since the beginning of the 2008 financial crisis almost half a trillion euros have been spent to financially assist EU member states in taxpayer-funded bail-outs. These crisis resolutions are often accompanied by austerity programs causing political and social friction on both domestic and...
Persistent link: https://www.econbiz.de/10011190677
Persistent link: https://www.econbiz.de/10010818157
We use a simple agent based model of value investors in financial markets to test three credit regulation policies. The first is the unregulated case, which only imposes limits on maximum leverage. The second is Basle II and the third is a hypothetical alternative in which banks perfectly hedge...
Persistent link: https://www.econbiz.de/10010728918
Financial markets are exposed to systemic risk (SR), the risk that a major fraction of the system ceases to function and collapses. Since recently it is possible to quantify SR in terms of underlying financial networks where nodes represent financial institutions, and links capture the size and...
Persistent link: https://www.econbiz.de/10010739587
We study the temporal variability of human brain activity in timeseries of functional magnetic resonance imaging (fMRI) data. We find that these timeseries show scaling behavior which is quantified by computing various scaling exponents. We demonstrate that mentally active zones are one-to-one...
Persistent link: https://www.econbiz.de/10010872114
We study opinion formation processes in small social networks. In particular we show how a group’s ability for efficient decision-making depends on its size. We adopt a threshold voter model and show that there exists a characteristic size beyond which the probability of forming internal...
Persistent link: https://www.econbiz.de/10010873237
We show that within classical statistical mechanics it is possible to naturally derive power-law distributions which are of Tsallis type. The only assumption is that microcanonical distributions have to be separable from of the total system energy, which is reasonable for any sensible...
Persistent link: https://www.econbiz.de/10010874888