vix.ing · top · new · best · stats · spec

Dragon kings in self-organized criticality systems

2023/08/04 by Guram Mikaberidze, Mikaberidze, Guram, Arthur Plaud +3
Economics, Econometrics and Finance · Environmental Science · Physics and Astronomy · #Complex Systems and Time Series Analysis #Ecosystem dynamics and resilience #Theoretical and Computational Physics

paper · pdf · doi:10.48550/arxiv.2308.02658

Abstract

The spontaneous emergence of scale invariance, called self-organized criticality (SOC), is often attributed to a second-order absorbing-state phase transition (ASPT). Many real-world systems display SOC, yet extreme events are often overrepresented, causing significant disruption, and are called dragon kings (DK). We show analytically that the tradeoff between driving impulse and dissipation rate can create DKs in a second-order ASPT. This establishes that DKs exist in SOC systems, reveals a taxonomy of DKs, and shows that larger dissipation and smoother driving lower risk of extreme events.

Cited by

Related