Deep information from limited observation of robust yet fragile systems

2009 ◽  
Vol 388 (17) ◽  
pp. 3283-3287 ◽  
Author(s):  
Randall A. LaViolette ◽  
Kristin Glass ◽  
Richard Colbaugh
Keyword(s):  
Robust Yet Fragile

scholarly journals The "robust yet fragile" nature of the Internet

2005 ◽  
Vol 102 (41) ◽  
pp. 14497-14502 ◽  
Author(s):  
J. C. Doyle ◽  
D. L. Alderson ◽  
L. Li ◽  
S. Low ◽  
M. Roughan ◽  
...  
Keyword(s):  
The Internet ◽  
Robust Yet Fragile

scholarly journals Robust-yet-fragile nature of interdependent networks

2015 ◽  
Vol 91 (5) ◽  
Author(s):  
Fei Tan ◽  
Yongxiang Xia ◽  
Zhi Wei
Keyword(s):  
Interdependent Networks ◽  
Robust Yet Fragile

Contagion in financial networks

2010 ◽  
Vol 466 (2120) ◽  
pp. 2401-2423 ◽  
Author(s):  
Prasanna Gai ◽  
Sujit Kapadia
Keyword(s):  
Analytical Model ◽  
Network Structure ◽  
Market Liquidity ◽  
Asset Market ◽  
Financial Networks ◽  
Financial Systems ◽  
Arbitrary Structure ◽  
Idiosyncratic Shocks ◽  
Potential Impact ◽  
Robust Yet Fragile

This paper develops an analytical model of contagion in financial networks with arbitrary structure. We explore how the probability and potential impact of contagion is influenced by aggregate and idiosyncratic shocks, changes in network structure and asset market liquidity. Our findings suggest that financial systems exhibit a robust-yet-fragile tendency: while the probability of contagion may be low, the effects can be extremely widespread when problems occur. And we suggest why the resilience of the system in withstanding fairly large shocks prior to 2007 should not have been taken as a reliable guide to its future robustness.

Sign in / Sign up

Export Citation Format

Share Document