Social physics

Jusup, Marko; Holme, Petter; Kanazawa, Kiyoshi; Takayasu, Misako; Romic, Ivan; Wang, Zhen; Gecek, Suncana; Lipic, Tomislav; Podobnik, Boris; Wang, Lin; Luo, Wei; Klanjscek, Tin; Fan, Jingfang; Boccaletti, Stefano; Perc, Matjaz

doi:10.48550/arxiv.2110.01866

Cited by 6 publications

(6 citation statements)

References 971 publications

(1,272 reference statements)

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“…Models of complex social behavioral contagions (53,54) have explored thresholds for individual action, whereby a Pareto effect of ⇠ 25% of the population becoming activated can result in social tipping-like processes of cascading behaviors (55). In such cases, changes in individual preference factors (28) and network structures (56) can trigger rapid shifts in social norms and behaviors.…”

Section: Complex Contagion Modeling Of Social Tippingmentioning

confidence: 99%

Concern and anticipation of sea-level rise provide grounds for social tipping towards climate action

Smith¹,

Wiedermann²,

Donges³

et al. 2022

Preprint

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Effective climate change mitigation necessitates swift societal transformations. Social tipping processes, where small triggers initiate qualitative systemic shifts, are potential key mechanisms instigating societal change. With large shares of the world's population coastally concentrated, sea-level rise is among the most severe impacts of climate change. Here we combine future sea-level rise estimates, social survey data, and a social activation model to exemplify a transformative pathway where climate change concern increases the social tipping potential, and extended anticipation time horizons shift the system towards an alternative sustainable state of climate action. We find that in many countries, climate change concern is sufficient, such that opportunities for social activation towards this tipped state already exist. Further, drawing upon the interrelation between climate change concern and anticipation of SLR, we find evidence of three qualitative classes of tipping potential that are regionally clustered, with greatest potential for tipping in Western Pacific rim and East Asian countries. These findings propose a transformative pathway, where increased climate change concern shifts tipping potential upwards and extended anticipation time horizons lowers the required size for critical interventions necessary to kick a social system into a more sustainable state.

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Section: Complex Contagion Modeling Of Social Tippingmentioning

confidence: 99%

Concern and anticipation of sea-level rise provide grounds for social tipping towards climate action

Smith¹,

Wiedermann²,

Donges³

et al. 2022

Preprint

View full text Add to dashboard Cite

show abstract

“…From this point of view, it can be crucial to study urban development and traffic, the structure of social networks, and the integration of intelligent machines into these networks keeping in mind physicists point of view [3].…”

Section: Introductionmentioning

confidence: 99%

A social smart city for public and private mobility: A real case study

et al. 2023

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“…There is a litany of work where such techniques have been used in other domains including COVID-19 [35,36,37], extreme human behaviours [38] and epidemiology. Readers interested in recent work related to temporal dynamics with various societal impacts on the economy should see [39,40,41].…”

Section: Introductionmentioning

confidence: 99%

Economic state classification and portfolio optimisation with application to stagflationary environments

James,

Menzies,

Chin

2022

Preprint

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Motivated by the current fears of a potentially stagflationary global economic environment, this paper uses new and recently introduced mathematical techniques to study multivariate time series pertaining to country inflation (CPI), economic growth (GDP) and equity index behaviours. We start by assessing the temporal evolution among various economic phenomena, and complement this analysis with "economic driver analysis", where we decouple country economic trajectories and determine what is most important in their association. Next, we study the temporal self-similarity of global inflation, growth and equity index returns to identify the most anomalous historic periods, and windows in the past that are most similar to current market dynamics. We then introduce a new algorithm to construct economic state classifications and compute an economic state integral, where countries are determined to belong in one of four candidate states based on their inflation and growth behaviours. Finally, we implement a decade-by-decade portfolio optimization to determine which equity indices and portfolio assets have been most beneficial in maximizing portfolio risk-adjusted returns in various market conditions. This could be of great interest to those looking for asset allocation guidance in the current period of high economic uncertainty.

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Social physics

Cited by 6 publications

References 971 publications

Concern and anticipation of sea-level rise provide grounds for social tipping towards climate action

Concern and anticipation of sea-level rise provide grounds for social tipping towards climate action

A social smart city for public and private mobility: A real case study

Economic state classification and portfolio optimisation with application to stagflationary environments

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