This short paper is a comment on ``Testing for Nonlinear Structure and Chaos in Economic Time Series'' by Catherine Kyrtsou and Apostolos Serletis. We summarize their main results and discuss some of their conclusions concerning the role of outliers and noisy chaos. In particular, we include...

The study of critical phenomena that originated in the natural sciences has been extended to the financial economics' field, giving researchers new approaches to risk management, forecasting, the study of bubbles and crashes, and many kinds of problems involving complex systems with...

This short paper is a comment on ``Testing for Nonlinear Structure and Chaos in Economic Time Series'' by Catherine Kyrtsou and Apostolos Serletis. We summarize their main results and discuss some of their conclusions concerning the role of outliers and noisy chaos. In particular, we include...

The study of critical phenomena that originated in the natural sciences has been extended to the financial economics' field, giving researchers new approaches to risk management, forecasting, the study of bubbles and crashes, and many kinds of problems involving complex systems with...

Unlike equilibrium systems, where it is possible to study the impact of endogenous and exogenous perturbations using fluctuation-dissipation theorems, it is difficult to understand and predict the impact of shocks in out-of-equilibrium systems. This thesis tries to uncover and quantify the...

The concept of self-organizedcriticality evolved from studies of three simplecellular-automata models: the sand-pile, slider-block,and forest-fire models. In each case, there is asteady “input” and the “loss” is associated with afractal (power-law) distribution of “avalanches.” Each...

The Barkhausen jumps or avalanches in magnetic domain-walls motion between successive pinned configurations, due the competition among magnetic external driving force and substrum quenched disorder, appear in bulk materials and thin films. We introduce a model based in rules for the domain wall...

In this paper we briefly review few self-organized critical (SOC) models of the phenomenon of earthquakes. For example, the two-dimensional non-conservative SOC model of Olami, Feder and Christensen (OFC) has been described. It is known that the effect of the fixed boundary on this model is very...