The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Predictability of catastrophic events: Material rupture, earthquakes, turbulence, financial crashes, and human birth
Open accessAbstract
We propose that catastrophic events are “outliers” with statistically different properties than the rest of the population and result from mechanisms involving amplifying critical cascades. We describe a unifying approach for modeling and predicting these catastrophic events or “ruptures,” that is, sudden transitions from a quiescent state to a crisis. Such ruptures involve interactions between structures at many different scales. Applications and the potential for prediction are discussed in relation to the rupture of composite materials, great earthquakes, turbulence, and abrupt changes of weather regimes, financial crashes, and human parturition (birth). Future improvements will involve combining ideas and tools from statistical physics and artificial/computational intelligence, to identify and classify possible universal structures that occur at different scales, and to develop application-specific methodologies to use these structures for prediction of the “crises” known to arise in each application of interest. We live on a planet and in a society with intermittent dynamics rather than a state of equilibrium, and so there is a growing and urgent need to sensitize students and citizens to the importance and impacts of ruptures in their multiple forms.
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FAMA, E. F. (1991) · The Journal of Finance · doi:10.1111/j.1540-6261.1991.tb04636.x · Cited by 5,350
Punctuated equilibrium comes of age
Gould, S. J., & Eldredge, N. (1993) · Nature · doi:10.1038/366223a0 · Cited by 957
Cited by
Why Stock Markets Crash: Critical Events in Complex Financial Systems
Sornette, D. (2009) · Princeton University Press eBooks · doi:10.1515/9781400829552 · Cited by 322
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Metadata
- Authors
- Sornette, D.
- Venue
- Proceedings of the National Academy of Sciences
- Published
- 2002-02-19
- Volume
- 99
- Issue
- suppl_1
- Pages
- 2522-2529
- ISSN
- 0027-8424 (ISSN-L)
- 1091-6490
- OpenAlex
- W2045085919
- Cited by
- 309
- References
- 2
- FWCI
- 7.19
- Type
- journal article
- Language
- en
- Open access
- green
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- Sornette, D. (2002). Predictability of catastrophic events: Material rupture, earthquakes, turbulence, financial crashes, and human birth. Proceedings of the National Academy of Sciences. https://doi.org/10.1073/pnas.022581999
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