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Byoung Hee Hong

Publications and source records attributed to Byoung Hee Hong.

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Power Law in Firms Bankruptcy

We consider the scaling behaviors for fluctuations of the number of Korean firms bankrupted in the period from August 1 2002 to October 28 2003. We observe a power law for the distribution of the number of the bankrupted firms. The Pareto exponent is close to unity. We also consider the daily increments of the number of firms bankrupted. The probability distribution of the daily increments for the firms bankrupted follows the Gaussian distribution in central part and has a fat tail. The tail parts of the probability distribution of the daily increments for the firms bankrupted follow a power law.

physics.soc-ph

Universality Class of Bak-Sneppen Model on Scale-Free Network

We study the critical properties of the Bak-Sneppen coevolution model on scale-free networks by Monte Carlo method. We report the distribution of the avalanche size and fractal activity through the branching process. We observe that the critical fitness $f_c (N)$ depends on the number of the node such as $f_c (N) \sim 1/ \log (N)$ for both the scale-free network and the directed scale-free network. Near the critical fitness many physical quantities show power-law behaviors. The probability distribution $P(s)$ of the avalanche size at the critical fitness shows a power-law like $P(s) \sim s^{-τ}$ with $τ=1.80(3)$ regardless of the scale-free network and the directed scale free network. The probability distribution $P_f (t)$ of the first return time also shows a power-law such as $P_f (t) \sim t^{-τ_f}$. The probability distribution of the first return time has two scaling regimes. The critical exponents $τ_f$ are equivalent for both the scale-free network and the directed scale-free network. We obtain the critical exponents as $τ_{f1} =2.7(1)$ at $t < t_c$ and $τ_{f2} = 1.72(3)$ at $ t >t_c$ where the crossover time $t_c \sim 100$. The Bak-Sneppen model on the scale-free network and directed scale-free network shows a unique universality class. The critical exponents are different from the mean-field results. The directionality of the network does not change the universality on the network.

cond-mat.stat-mech