Anatomy of extreme events in a complex adaptive system

Details Anatomy of extreme events in a complex adaptive system Anatomy of extreme events in a complex adaptive system

2002-01-29

arxiv.org/abs/cond-mat/0201540v3

Physics

Condensed Matter

Disordered Systems and Neural Networks

8 pages, 4 figures. Now with Postscript figures

Scientific paper

10.1016/S0378-4371(02)01743-0

We provide an analytic, microscopic analysis of extreme events in an adaptive population comprising competing agents (e.g. species, cells, traders, data-packets). Such large changes tend to dictate the long-term dynamical behaviour of many real-world systems in both the natural and social sciences. Our results reveal a taxonomy of extreme events, and provide a microscopic understanding as to their build-up and likely duration.

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