2021
DOI: 10.1140/epjb/s10051-020-00039-x
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Record dynamics of evolving metastable systems: theory and applications

Abstract: Record Dynamics (RD) deals with complex systems evolving through a sequence of metastable stages. These are macroscopically distinguishable and appear stationary, except for the sudden and rapid changes, called quakes, which induce the transitions from one stage to the next. This phenomenology is well known in physics as “physical aging”, but from the vantage point of RD, the evolution of a class of systems of physical, biological, and cultural origin is rooted in a hierarchically structured configuration spac… Show more

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Cited by 10 publications
(12 citation statements)
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“…The data points from different regions have now similar τ values and the number of quakes grows at a decelerating rate, r q (τ ) ∝ ln(τ ). This behavior is strongly reminiscent of Record Dynamics [13] a description of complex systems, whose evolution through metastable stages is driven by an optimization process.…”
Section: B Resultsmentioning
confidence: 96%
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“…The data points from different regions have now similar τ values and the number of quakes grows at a decelerating rate, r q (τ ) ∝ ln(τ ). This behavior is strongly reminiscent of Record Dynamics [13] a description of complex systems, whose evolution through metastable stages is driven by an optimization process.…”
Section: B Resultsmentioning
confidence: 96%
“…Wealth evolution in terms of τ has just two different regimes that both feature logarithmic growth and are connected by a rapid crossover. We find a strong indication that quakes are a log-Poisson [13] process, which is the hallmark of an optimization process. An underlying evolutionary optimization process [1] might therefore drive the evolutionary expansion of the economic wealth development.…”
Section: Introductionmentioning
confidence: 78%
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