اشترك بالحزمة الذهبية واحصل على وصول غير محدود شمرا أكاديميا
تسجيل مستخدم جديدDragon-kings: mechanisms, statistical methods and empirical evidence
99
0
0.0
(
0
)
اسأل ChatGPT حول البحث
ﻻ يوجد ملخص باللغة العربية
This introductory article presents the special Discussion and Debate volume From black swans to dragon-kings, is there life beyond power laws? published in Eur. Phys. J. Special Topics in May 2012. We summarize and put in perspective the contributions into three main themes: (i) mechanisms for dragon-kings, (ii) detection of dragon-kings and statistical tests and (iii) empirical evidence in a large variety of natural and social systems. Overall, we are pleased to witness significant advances both in the introduction and clarification of underlying mechanisms and in the development of novel efficient tests that demonstrate clear evidence for the presence of dragon-kings in many systems. However, this positive view should be balanced by the fact that this remains a very delicate and difficult field, if only due to the scarcity of data as well as the extraordinary important implications with respect to hazard assessment, risk control and predictability.
قيم البحث
اقرأ أيضاً
We provide, and perform a risk theoretic statistical analysis of, a dataset that is 75 percent larger than the previous best dataset on nuclear incidents and accidents, comparing three measures of severity: INES (International Nuclear Event Scale), r
adiation released, and damage dollar losses. The annual rate of nuclear accidents, with size above 20 Million US$, per plant, decreased from the 1950s until dropping significantly after Chernobyl (April, 1986). The rate is now roughly stable at 0.002 to 0.003, i.e., around 1 event per year across the current fleet. The distribution of damage values changed after Three Mile Island (TMI; March, 1979), where moderate damages were suppressed but the tail became very heavy, being described by a Pareto distribution with tail index 0.55. Further, there is a runaway disaster regime, associated with the dragon-king phenomenon, amplifying the risk of extreme damage. In fact, the damage of the largest event (Fukushima; March, 2011) is equal to 60 percent of the total damage of all 174 accidents in our database since 1946. In dollar losses we compute a 50% chance that (i) a Fukushima event (or larger) occurs in the next 50 years, (ii) a Chernobyl event (or larger) occurs in the next 27 years and (iii) a TMI event (or larger) occurs in the next 10 years. Finally, we find that the INES scale is inconsistent. To be consistent with damage, the Fukushima disaster would need to have an INES level of 11, rather than the maximum of 7.
Extreme events are characterised by low probabilities and high impact on the systems. As a consequence, it is possible to find many studies about the predictability and suppression of extreme events. In this work, we show the existence of dragon-king
s extreme events in nonlinear three-wave interactions. Dragon-king extreme events, identified by phase transitions, tipping points, and catastrophes, affects fluctuating systems. We show that these events can be avoided by adding a perturbing small amplitude wave to the system.
Statistical Data Assimilation (SDA) is the transfer of information from field or laboratory observations to a user selected model of the dynamical system producing those observations. The data is noisy and the model has errors; the information transf
er addresses properties of the conditional probability distribution of the states of the model conditioned on the observations. The quantities of interest in SDA are the conditional expected values of functions of the model state, and these require the approximate evaluation of high dimensional integrals. We introduce a conditional probability distribution and use the Laplace method with annealing to identify the maxima of the conditional probability distribution. The annealing method slowly increases the precision term of the model as it enters the Laplace method. In this paper, we extend the idea of precision annealing (PA) to Monte Carlo calculations of conditional expected values using Metropolis-Hastings methods.
We analyze the size dependence and temporal stability of firm bankruptcy risk in the US economy by applying Zipf scaling techniques. We focus on a single risk factor-the debt-to-asset ratio R-in order to study the stability of the Zipf distribution o
f R over time. We find that the Zipf exponent increases during market crashes, implying that firms go bankrupt with larger values of R. Based on the Zipf analysis, we employ Bayess theorem and relate the conditional probability that a bankrupt firm has a ratio R with the conditional probability of bankruptcy for a firm with a given R value. For 2,737 bankrupt firms, we demonstrate size dependence in assets change during the bankruptcy proceedings. Prepetition firm assets and petition firm assets follow Zipf distributions but with different exponents, meaning that firms with smaller assets adjust their assets more than firms with larger assets during the bankruptcy process. We compare bankrupt firms with nonbankrupt firms by analyzing the assets and liabilities of two large subsets of the US economy: 2,545 Nasdaq members and 1,680 New York Stock Exchange (NYSE) members. We find that both assets and liabilities follow a Pareto distribution. The finding is not a trivial consequence of the Zipf scaling relationship of firm size quantified by employees-although the market capitalization of Nasdaq stocks follows a Pareto distribution, the same distribution does not describe NYSE stocks. We propose a coupled Simon model that simultaneously evolves both assets and debt with the possibility of bankruptcy, and we also consider the possibility of firm mergers.
This article presents the applicability of Permutation Entropy based complexity measure of a time series for detection of fault in wind turbines. A set of electrical data from one faulty and one healthy wind turbine were analysed using traditional Fa
stFourier analysis in addition to Permutation Entropy analysis to compare the complexity index of phase currents of the two turbines over time. The 4 seconds length data set did not reveal any low frequency in the spectra of currents, neither did they show any meaningful differences of spectrum between the two turbine currents. Permutation Entropy analysis of the current waveforms of same phases for the two turbines are found to have different complexity values over time, one of them being clearly higher than the other. The work of Yan et. al. in has found that higher entropy values related to thepresence of failure in rotary machines in his study. Following this track, further efforts will be put into relating the entropy difference found in our study to possible presence of failure in one of the wind energy conversion systems.
سجل دخول لتتمكن من نشر تعليقات
التعليقات
جاري جلب التعليقات
سجل دخول لتتمكن من متابعة معايير البحث التي قمت باختيارها
