A simple model of bank bankruptcies

Interbank deposits (loans and credits) are quite common in banking system all over the world. Such interbank co-operation is profitable for banks but it can also lead to collective financial failures. In this paper we introduce a new model of directed percolation as a simple representation for contagion process and mass bankruptcies in banking systems. Directed connections that are randomly distributed between junctions of bank lattice simulate flows of money in our model. Critical values of a mean density of interbank connections as well as static and dynamic scaling laws for the statistic of avalange bankruptcies are found. Results of computer simulations for the universal profile of bankruptcies spreading are in a qualitative agreement with the third wave of bank suspensions during The Great Depression in the USA.Comment: 8 pages, 6 Encapsulated Postscript figures, to be published in Physica A (2001

Development of advanced composite structures

Composite structure programs: the L-1011 Advanced Composite Vertical Fin (ACVF), the L-1011 Advanced Composite Aileron, and a wing study program were reviewed. These programs were structured to provide the technology and confidence for the use of advanced composite materials for primary and secondary structures of future transport aircraft. The current status of the programs is discussed. The results of coupon tests for both material systems are presented as well as the ACVF environmental (moisture and temperature) requirements. The effect of moisture and temperature on the mechanical properties of advanced composite materials is shown. The requirements set forth in the FAA Certification Guidelines for Civil Composite Aircraft Structures are discussed as they relate to the ACVF

Phase transition in hierarchy model of Bonabeau et al

The model of Bonabeau explains the emergence of social hierarchies from the memory of fights in an initially egalitarian society. Introducing a feedback from the social inequality into the probability to win a fight, we find a sharp transition between egalitarian society at low population density and hierarchical society at high population density.Comment: 3 pages including two figs.; for Int. J. Mod. Phys.

Multidimensional Consensus model on a Barabasi-Albert network

A Consensus Model according to Deffuant on a directed Barabasi-Albert network was simulated. Agents have opinions on different subjects. A multi-component subject vector was used. The opinions are discrete. The analysis regards distribution and clusters of agents which are on agreement in the opinions of the subjects. Remarkable results are on the one hand, that there mostly exists no absolute consens. It determines depending on the ratio of number of agents to the number of subjects, whether the communication ends in a consens or a pluralism. Mostly a second robust cluster remains, in its size depending on the number of subjects. Two agents agree either in (nearly) all or (nearly) no subject. The operative parameter of the consens-formating-process is the tolerance in change of views of the group-members.Comment: 14 pages including all 10 figures, for IJMPC 16, issue

Applications and Sexual Version of a Simple Model for Biological Ageing

We use a simple model for biological ageing to study the mortality of the population, obtaining a good agreement with the Gompertz law. We also simulate the same model on a square lattice, considering different strategies of parental care. The results are in agreement with those obtained earlier with the more complicated Penna model for biological ageing. Finally, we present the sexual version of this simple model.Comment: For Int.J.Mod.Phys.C Dec. 2001; 11 pages including 6 fig

Positron excitation of neon

The differential and total cross section for the excitation of the 3s1P10 and 3p1P1 states of neon by positron impact were calculated using a distorted-wave approximation. The results agree well with experimental conclusions

Corrections to Finite Size Scaling in Percolation

A 1/L-expansion for percolation problems is proposed, where L is the lattice finite length. The square lattice with 27 different sizes L = 18, 22 ... 1594 is considered. Certain spanning probabilities were determined by Monte Carlo simulations, as continuous functions of the site occupation probability p. We estimate the critical threshold pc by applying the quoted expansion to these data. Also, the universal spanning probability at pc for an annulus with aspect ratio r=1/2 is estimated as C = 0.876657(45)