Extreme Events on Complex Networks

From a new paper on extreme events & resilience, more links matter:

Extreme events on complex networks

Vimal Kishore, M. S. Santhanam, R. E. Amritkar

(Submitted on 9 Feb 2011)

We study the extreme events taking place on complex networks. The transport on networks is modelled using random walks and we compute the probability for the occurance and recurrence of extreme events on the network. We show that the nodes with smaller number of links are more prone to extreme events than the ones with larger number of links. We obtain analytical estimates and verify them with numerical simulations. They are shown to be robust even when random walkers follow shortest path on the network. The results suggest a revision of design principles and can be used as an input for designing the nodes of a network so as to smoothly handle an extreme event.

Related posts:

  1. Screwy Scale-Free Networks
  2. Tail Risks II: Extreme Events in Society and the Economy
  3. Rainfall Records & Extreme Value Theory
  4. Goldman Sachs (Almost) Uber Alles
  5. PNAS Geek-Out, Part III: Geographic Routing in Social Networks