IDEAS home Printed from https://ideas.repec.org/a/eee/chsofr/v167y2023ics0960077922011870.html
   My bibliography  Save this article

Stochastic simplicial contagion model

Author

Listed:
  • Serrano, Daniel Hernández
  • Villarroel, Javier
  • Hernández-Serrano, Juan
  • Tocino, Ángel

Abstract

We propose a stochastic model that describes of epidemics over simplicial complex networks (SSCM) in which higher-order unforeseen or random interactions may occur. Its dynamics obeys a stochastic differential equation (SDE) based on the mean field approach of the simplicial social contagion model. In this stochastic regime the only possible equilibrium state is the origin. We give conditions to guarantee global stability and hence that the disease dies out. We partition the parameter space into the instability, the bi-stability and the globally asymptotically stable regions described in terms of appropriate epidemiological parameters. These regimes codify whether the disease will, can or will not disappear. We also present empirical results obtained by running different simulations of the SSCM over several real-world simplicial networks and over a synthetically generated one, which validate the theoretical results presented.

Suggested Citation

  • Serrano, Daniel Hernández & Villarroel, Javier & Hernández-Serrano, Juan & Tocino, Ángel, 2023. "Stochastic simplicial contagion model," Chaos, Solitons & Fractals, Elsevier, vol. 167(C).
  • Handle: RePEc:eee:chsofr:v:167:y:2023:i:c:s0960077922011870
    DOI: 10.1016/j.chaos.2022.113008
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960077922011870
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.chaos.2022.113008?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Vasicek, Oldrich, 1977. "An equilibrium characterization of the term structure," Journal of Financial Economics, Elsevier, vol. 5(2), pages 177-188, November.
    2. Hernández Serrano, Daniel & Sánchez Gómez, Darío, 2020. "Centrality measures in simplicial complexes: Applications of topological data analysis to network science," Applied Mathematics and Computation, Elsevier, vol. 382(C).
    3. Cowan, Robin & Jonard, Nicolas, 2004. "Network structure and the diffusion of knowledge," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1557-1575, June.
    4. Vasicek, Oldrich Alfonso, 1977. "Abstract: An Equilibrium Characterization of the Term Structure," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 12(4), pages 627-627, November.
    5. Ruimin Xu & Rongwei Guo, 2020. "Pontryagin’s Maximum Principle for Optimal Control of Stochastic SEIR Models," Complexity, Hindawi, vol. 2020, pages 1-5, October.
    6. Giovanni Petri & Martina Scolamiero & Irene Donato & Francesco Vaccarino, 2013. "Topological Strata of Weighted Complex Networks," PLOS ONE, Public Library of Science, vol. 8(6), pages 1-8, June.
    7. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    8. Lu, Qiuying, 2009. "Stability of SIRS system with random perturbations," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 388(18), pages 3677-3686.
    9. Iacopo Iacopini & Giovanni Petri & Alain Barrat & Vito Latora, 2019. "Simplicial models of social contagion," Nature Communications, Nature, vol. 10(1), pages 1-9, December.
    10. Hernández Serrano, Daniel & Hernández-Serrano, Juan & Sánchez Gómez, Darío, 2020. "Simplicial degree in complex networks. Applications of topological data analysis to network science," Chaos, Solitons & Fractals, Elsevier, vol. 137(C).
    11. Tornatore, Elisabetta & Maria Buccellato, Stefania & Vetro, Pasquale, 2005. "Stability of a stochastic SIR system," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 354(C), pages 111-126.
    12. Zhao, Yanan & Jiang, Daqing & O’Regan, Donal, 2013. "The extinction and persistence of the stochastic SIS epidemic model with vaccination," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 392(20), pages 4916-4927.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Li, Wenjie & Li, Jiachen & Nie, Yanyi & Lin, Tao & Chen, Yu & Liu, Xiaoyang & Su, Sheng & Wang, Wei, 2024. "Infectious disease spreading modeling and containing strategy in heterogeneous population," Chaos, Solitons & Fractals, Elsevier, vol. 181(C).
    2. Li, Shuyu & Li, Xiang, 2023. "Influence maximization in hypergraphs: A self-optimizing algorithm based on electrostatic field," Chaos, Solitons & Fractals, Elsevier, vol. 174(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Podolskij, Mark & Vetter, Mathias, 2009. "Bipower-type estimation in a noisy diffusion setting," Stochastic Processes and their Applications, Elsevier, vol. 119(9), pages 2803-2831, September.
    2. Bjork, Tomas, 2009. "Arbitrage Theory in Continuous Time," OUP Catalogue, Oxford University Press, edition 3, number 9780199574742.
    3. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2017. "Research in finance: A review of influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 188-199.
    4. Aït-Sahalia, Yacine & Park, Joon Y., 2016. "Bandwidth selection and asymptotic properties of local nonparametric estimators in possibly nonstationary continuous-time models," Journal of Econometrics, Elsevier, vol. 192(1), pages 119-138.
    5. Choi, Jaehyung, 2012. "Spontaneous symmetry breaking of arbitrage," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(11), pages 3206-3218.
    6. Yu, Jun, 2014. "Econometric Analysis Of Continuous Time Models: A Survey Of Peter Phillips’S Work And Some New Results," Econometric Theory, Cambridge University Press, vol. 30(4), pages 737-774, August.
    7. Ako Doffou & Jimmy E. Hilliard, 2001. "Pricing Currency Options Under Stochastic Interest Rates And Jump-Diffusion Processes," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 24(4), pages 565-585, December.
    8. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    9. Jorgensen, Peter Lochte, 2007. "Traffic light options," Journal of Banking & Finance, Elsevier, vol. 31(12), pages 3698-3719, December.
    10. repec:uts:finphd:40 is not listed on IDEAS
    11. Jin, Xin & Maheu, John M. & Yang, Qiao, 2022. "Infinite Markov pooling of predictive distributions," Journal of Econometrics, Elsevier, vol. 228(2), pages 302-321.
    12. A Craig Burnside & Jeremy J Graveline, 2020. "On the Asset Market View of Exchange Rates," The Review of Financial Studies, Society for Financial Studies, vol. 33(1), pages 239-260.
    13. Samuel Chege Maina, 2011. "Credit Risk Modelling in Markovian HJM Term Structure Class of Models with Stochastic Volatility," PhD Thesis, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 1-2011, January-A.
    14. Emmanuel Coffie, 2022. "Numerical Method for Highly Non-linear Mean-reverting Asset Price Model with CEV-type Process," Papers 2205.00634, arXiv.org.
    15. Wang, Xiaohu & Phillips, Peter C.B. & Yu, Jun, 2011. "Bias in estimating multivariate and univariate diffusions," Journal of Econometrics, Elsevier, vol. 161(2), pages 228-245, April.
    16. Melinda Friesz & Kira Muratov-Szabó & Andrea Prepuk & Kata Váradi, 2021. "Risk Mutualization in Central Clearing: An Answer to the Cross-Guarantee Phenomenon from the Financial Stability Viewpoint," Risks, MDPI, vol. 9(8), pages 1-19, August.
    17. Duffie, Darrell, 2003. "Intertemporal asset pricing theory," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 11, pages 639-742, Elsevier.
    18. Boero, G. & Torricelli, C., 1996. "A comparative evaluation of alternative models of the term structure of interest rates," European Journal of Operational Research, Elsevier, vol. 93(1), pages 205-223, August.
    19. Bilel Jarraya & Abdelfettah Bouri, 2013. "A Theoretical Assessment on Optimal Asset Allocations in Insurance Industry," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 2(4), pages 30-44, October.
    20. Koo, Bonsoo & Linton, Oliver, 2012. "Estimation of semiparametric locally stationary diffusion models," Journal of Econometrics, Elsevier, vol. 170(1), pages 210-233.
    21. repec:wyi:journl:002108 is not listed on IDEAS
    22. Duffee, Gregory R., 1996. "On measuring credit risks of derivative instruments," Journal of Banking & Finance, Elsevier, vol. 20(5), pages 805-833, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:chsofr:v:167:y:2023:i:c:s0960077922011870. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thayer, Thomas R. (email available below). General contact details of provider: https://www.journals.elsevier.com/chaos-solitons-and-fractals .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.