We discuss examples of complex systems composed of many interacting subsystems. We focus on those systems displaying nontrivial long-range correlations. These include the one-dimensional sequence of base pairs in DNA, the sequence of flight times of the large seabird Wandering Albatross, and the...

We discuss multiple-time scale properties of neurophysiological control mechanisms, using heart rate and gait regulation as model systems. We find that scaling exponents can be used as prognostic indicators. Furthermore, detection of more subtle degradation of scaling properties may provide a...

We review the present status of the studies of DNA sequences using methods of statistical physics. We present evidence, based on systematic studies of the entire GenBank database, supporting the idea that the DNA sequence in genes containing noncoding regions is correlated, and that the...

We apply methods and concepts of statistical physics to the study of economic organizations. We identify robust, universal, characteristics of the time evolution of economic organizations. Specifically, we find the existence of scaling laws describing the growth of the size of these...

We discuss the appearance of long-range power-law correlations in various systems of interest to condensed matter physicists and biophysicists, with emphasis on the recent discovery of long-range correlations in DNA sequences that contain non-coding regions.

Within the generalized thermostatistics of Tsallis, we propose for the spin-12 Ising ferromagnet a transmissivity variable which extends that defined by Tsallis and Levy for thermal magnetic systems. By using this generalized transmissivity as well as duality arguments, we calculate the...

We review recent work on quantifying collective behavior among stocks by applying the conceptual framework of random matrix theory (RMT), developed in physics to describe the energy levels of complex systems. RMT makes predictions for “universal” properties that do not depend on the...

We introduce and develop new techniques to quantify DNA patchiness, and characteristics of their mosaic structure. These techniques, which involve calculating two functions, α(ℓ) and β(ℓ), measure correlation exponents at length scale ℓ and detect distinct characteristic patch sizes...

The emerging subfield of econophysics explores the degree to which certain concepts and methods from statistical physics can be appropriately modified and adapted to provide new insights into questions that have been the focus of interest in the economics community. Here we give a brief overview...

One challenge of biology, medicine, and economics is that the systems treated by these serious scientific disciplines have no perfect metronome in time and no perfect spatial architecture—crystalline or otherwise. Nonetheless, as if by magic, out of nothing but randomness one finds remarkably...