arXiv subjects

Riccardo Di Clemente

Publications and source records attributed to Riccardo Di Clemente.

33 records · Page 2Linked to original sources

arXiv2020

The role of geography in the complex diffusion of innovations

The urban-rural divide is increasing in modern societies calling for geographical extensions of social influence modelling. Improved understanding of innovation diffusion across locations and through social connections can provide us with new insights into the spread of information, technological progress and economic development. In this work, we analyze the spatial adoption dynamics of iWiW, an Online Social Network (OSN) in Hungary and uncover empirical features about the spatial adoption in social networks. During its entire life cycle from 2002 to 2012, iWiW reached up to 300 million friendship ties of 3 million users. We find that the number of adopters as a function of town population follows a scaling law that reveals a strongly concentrated early adoption in large towns and a less concentrated late adoption. We also discover a strengthening distance decay of spread over the life-cycle indicating high fraction of distant diffusion in early stages but the dominance of local diffusion in late stages. The spreading process is modelled within the Bass diffusion framework that enables us to compare the differential equation version with an agent-based version of the model run on the empirical network. Although both models can capture the macro trend of adoption, they have limited capacity to describe the observed trends of urban scaling and distance decay. We find, however that incorporating adoption thresholds, defined by the fraction of social connections that adopt a technology before the individual adopts, improves the network model fit to the urban scaling of early adopters. Controlling for the threshold distribution enables us to eliminate the bias induced by local network structure on predicting local adoption peaks. Finally, we show that geographical features such as distance from the innovation origin and town size influence prediction of adoption peak at local scales.

physics.soc-ph↗

arXiv2019

Mining urban lifestyles: urban computing, human behavior and recommender systems

In the last decade, the digital age has sharply redefined the way we study human behavior. With the advancement of data storage and sensing technologies, electronic records now encompass a diverse spectrum of human activity, ranging from location data, phone and email communication to Twitter activity and open-source contributions on Wikipedia and OpenStreetMap. In particular, the study of the shopping and mobility patterns of individual consumers has the potential to give deeper insight into the lifestyles and infrastructure of the region. Credit card records (CCRs) provide detailed insight into purchase behavior and have been found to have inherent regularity in consumer shopping patterns; call detail records (CDRs) present new opportunities to understand human mobility, analyze wealth, and model social network dynamics. In this chapter, we jointly model the lifestyles of individuals, a more challenging problem with higher variability when compared to the aggregated behavior of city regions. Using collective matrix factorization, we propose a unified dual view of lifestyles. Understanding these lifestyles will not only inform commercial opportunities, but also help policymakers and nonprofit organizations understand the characteristics and needs of the entire region, as well as of the individuals within that region. The applications of this range from targeted advertisements and promotions to the diffusion of digital financial services among low-income groups.

cs.SI↗

arXiv2019

Inequality is rising where social network segregation interacts with urban topology

Social networks amplify inequalities due to fundamental mechanisms of social tie formation such as homophily and triadic closure. These forces sharpen social segregation reflected in network fragmentation. Yet, little is known about what structural factors facilitate fragmentation. In this paper we use big data from a widely-used online social network to demonstrate that there is a significant relationship between social network fragmentation and income inequality in cities and towns. We find that the organization of the physical urban space has a stronger relationship with fragmentation than unequal access to education, political segregation, or the presence of ethnic and religious minorities. Fragmentation of social networks is significantly higher in towns in which residential neighborhoods are divided by physical barriers such as rivers and railroads and are relatively distant from the center of town. Towns in which amenities are spatially concentrated are also typically more socially segregated. These relationships suggest how urban planning may be a useful point of intervention to mitigate inequalities in the long run.

physics.soc-ph↗

arXiv2018

Reconstructing mesoscale network structures

When facing complex mesoscale network structures, it is generally believed that (null) models encoding the modular organization of nodes must be employed. The present paper focuses on two block structures that characterize the mesoscale organization of many real-world networks, i.e. the bow-tie and the core-periphery ones. Our analysis shows that constraining the network degree sequence is often enough to reproduce such structures, as confirmed by model selection criteria as AIC or BIC. As a byproduct, our paper enriches the toolbox for the analysis of bipartite networks - still far from being complete. The aforementioned structures, in fact, partition the networks into asymmetric blocks characterized by binary, directed connections, thus calling for the extension of a recently-proposed method to randomize undirected, bipartite networks to the directed case.

physics.soc-ph↗

arXiv2018

Sequences of purchases in credit card data reveal life styles in urban populations

Zipf-like distributions characterize a wide set of phenomena in physics, biology, economics and social sciences. In human activities, Zipf-laws describe for example the frequency of words appearance in a text or the purchases types in shopping patterns. In the latter, the uneven distribution of transaction types is bound with the temporal sequences of purchases of individual choices. In this work, we define a framework using a text compression technique on the sequences of credit card purchases to detect ubiquitous patterns of collective behavior. Clustering the consumers by their similarity in purchases sequences, we detect five consumer groups. Remarkably, post checking, individuals in each group are also similar in their age, total expenditure, gender, and the diversity of their social and mobility networks extracted by their mobile phone records. By properly deconstructing transaction data with Zipf-like distributions, this method uncovers sets of significant sequences that reveal insights on collective human behavior.

physics.soc-ph↗

arXiv2018

Epidemics of Liquidity Shortages in Interbank Markets

Financial contagion from liquidity shocks has being recently ascribed as a prominent driver of systemic risk in interbank lending markets. Building on standard compartment models used in epidemics, in this work we develop an EDB (Exposed-Distressed-Bankrupted) model for the dynamics of liquidity shocks reverberation between banks, and validate it on electronic market for interbank deposits data. We show that the interbank network was highly susceptible to liquidity contagion at the beginning of the 2007/2008 global financial crisis, and that the subsequent micro-prudential and liquidity hoarding policies adopted by banks increased the network resilience to systemic risk---yet with the undesired side effect of drying out liquidity from the market. We finally show that the individual riskiness of a bank is better captured by its network centrality than by its participation to the market, along with the currently debated concept of "too interconnected to fail".

q-fin.RM↗

arXiv2017

Big Data Fusion to Estimate Fuel Consumption: A Case Study of Riyadh

Falling oil revenues and rapid urbanization are putting a strain on the budgets of oil producing nations which often subsidize domestic fuel consumption. A direct way to decrease the impact of subsidies is to reduce fuel consumption by reducing congestion and car trips. While fuel consumption models have started to incorporate data sources from ubiquitous sensing devices, the opportunity is to develop comprehensive models at urban scale leveraging sources such as Global Positioning System (GPS) data and Call Detail Records. We combine these big data sets in a novel method to model fuel consumption within a city and estimate how it may change due to different scenarios. To do so we calibrate a fuel consumption model for use on any car fleet fuel economy distribution and apply it in Riyadh, Saudi Arabia. The model proposed, based on speed profiles, is then used to test the effects on fuel consumption of reducing flow, both randomly and by targeting the most fuel inefficient trips in the city. The estimates considerably improve baseline methods based on average speeds, showing the benefits of the information added by the GPS data fusion. The presented method can be adapted to also measure emissions. The results constitute a clear application of data analysis tools to help decision makers compare policies aimed at achieving economic and environmental goals.

cs.CY↗

arXiv2017

Inferring monopartite projections of bipartite networks: an entropy-based approach

Bipartite networks are currently regarded as providing a major insight into the organization of many real-world systems, unveiling the mechanisms driving the interactions occurring between distinct groups of nodes. One of the most important issues encountered when modeling bipartite networks is devising a way to obtain a (monopartite) projection on the layer of interest, which preserves as much as possible the information encoded into the original bipartite structure. In the present paper we propose an algorithm to obtain statistically-validated projections of bipartite networks, according to which any two nodes sharing a statistically-significant number of neighbors are linked. Since assessing the statistical significance of nodes similarity requires a proper statistical benchmark, here we consider a set of four null models, defined within the exponential random graph framework. Our algorithm outputs a matrix of link-specific p-values, from which a validated projection is straightforwardly obtainable, upon running a multiple hypothesis testing procedure. Finally, we test our method on an economic network (i.e. the countries-products World Trade Web representation) and a social network (i.e. MovieLens, collecting the users' ratings of a list of movies). In both cases non-trivial communities are detected: while projecting the World Trade Web on the countries layer reveals modules of similarly-industrialized nations, projecting it on the products layer allows communities characterized by an increasing level of complexity to be detected; in the second case, projecting MovieLens on the films layer allows clusters of movies whose affinity cannot be fully accounted for by genre similarity to be individuated.

physics.soc-ph↗

arXiv2016

Statistically validated network of portfolio overlaps and systemic risk

Common asset holding by financial institutions, namely portfolio overlap, is nowadays regarded as an important channel for financial contagion with the potential to trigger fire sales and thus severe losses at the systemic level. In this paper we propose a method to assess the statistical significance of the overlap between pairs of heterogeneously diversified portfolios, which then allows us to build a validated network of financial institutions where links indicate potential contagion channels due to realized portfolio overlaps. The method is implemented on a historical database of institutional holdings ranging from 1999 to the end of 2013, but can be in general applied to any bipartite network where the presence of similar sets of neighbors is of interest. We find that the proportion of validated network links (i.e., of statistically significant overlaps) increased steadily before the 2007-2008 global financial crisis and reached a maximum when the crisis occurred. We argue that the nature of this measure implies that systemic risk from fire sales liquidation was maximal at that time. After a sharp drop in 2008, systemic risk resumed its growth in 2009, with a notable acceleration in 2013, reaching levels not seen since 2007. We finally show that market trends tend to be amplified in the portfolios identified by the algorithm, such that it is possible to have an informative signal about financial institutions that are about to suffer (enjoy) the most significant losses (gains).

q-fin.RM↗

arXiv2016

The Build-Up of Diversity in Complex Ecosystems

Diversity is a fundamental feature of ecosystems, even when the concept of ecosystem is extended to sociology or economics. Diversity can be intended as the count of different items, animals, or, more generally, interactions. There are two classes of stylized facts that emerge when diversity is taken into account. The first are Diversity explosions: evolutionary radiations in biology, or the process of escaping 'Poverty Traps' in economics are two well known examples. The second is nestedness: entities with a very diverse set of interactions are the only ones that interact with more specialized ones. In a single sentence: specialists interact with generalists. Nestedness is observed in a variety of bipartite networks of interactions: Biogeographic, macroeconomic and mutualistic to name a few. This indicates that entities diversify following a pattern. Since they appear in such very different systems, these two stylized facts point out that the build up of diversity is driven by a fundamental probabilistic mechanism, and here we sketch its minimal features. We show how the contraction of a random tripartite network, which is maximally entropic in all its degree distributions but one, can reproduce stylized facts of real data with great accuracy which is qualitatively lost when that degree distribution is changed. We base our reasoning on the combinatoric picture that the nodes on one layer of these bipartite networks can be described as combinations of a number of fundamental building blocks. The stylized facts of diversity that we observe in real systems can be explained with an extreme heterogeneity (a scale-free distribution) in the number of meaningful combinations in which each building block is involved. We show that if the usefulness of the building blocks has a scale-free distribution, then maximally entropic baskets of building blocks will give rise to very rich behaviors.

physics.soc-ph↗

arXiv2016

Detecting early signs of the 2007-2008 crisis in the world trade

Since 2007, several contributions have tried to identify early-warning signals of the financial crisis. However, the vast majority of analyses has focused on financial systems and little theoretical work has been done on the economic counterpart. In the present paper we fill this gap and employ the theoretical tools of network theory to shed light on the response of world trade to the financial crisis of 2007 and the economic recession of 2008-2009. We have explored the evolution of the bipartite World Trade Web (WTW) across the years 1995-2010, monitoring the behavior of the system both before and after 2007. Our analysis shows early structural changes in the WTW topology: since 2003, the WTW becomes increasingly compatible with the picture of a network where correlations between countries and products are progressively lost. Moreover, the WTW structural modification can be considered as concluded in 2010, after a seemingly stationary phase of three years. We have also refined our analysis by considering specific subsets of countries and products: the most statistically significant early-warning signals are provided by the most volatile macrosectors, especially when measured on developing countries, suggesting the emerging economies as being the most sensitive ones to the global economic cycles.

physics.soc-ph↗

arXiv2015

From innovation to diversification: a simple competitive model

Few attempts have been proposed in order to describe the statistical features and historical evolution of the export bipartite matrix countries/products. An important standpoint is the introduction of a products network, namely a hierarchical forest of products that models the formation and the evolution of commodities. In the present article, we propose a simple dynamical model where countries compete with each other to acquire the ability to produce and export new products. Countries will have two possibilities to expand their export: innovating, i.e. introducing new goods, namely new nodes in the product networks, or copying the productive process of others, i.e. occupying a node already present in the same network. In this way, the topology of the products network and the country-product matrix evolve simultaneously, driven by the countries push toward innovation.

physics.soc-ph↗

arXiv2015

Randomizing bipartite networks: the case of the World Trade Web

Within the last fifteen years, network theory has been successfully applied both to natural sciences and to socioeconomic disciplines. In particular, bipartite networks have been recognized to provide a particularly insightful representation of many systems, ranging from mutualistic networks in ecology to trade networks in economy, whence the need of a pattern detection-oriented analysis in order to identify statistically-significant structural properties. Such an analysis rests upon the definition of suitable null models, i.e. upon the choice of the portion of network structure to be preserved while randomizing everything else. However, quite surprisingly, little work has been done so far to define null models for real bipartite networks. The aim of the present work is to fill this gap, extending a recently-proposed method to randomize monopartite networks to bipartite networks. While the proposed formalism is perfectly general, we apply our method to the binary, undirected, bipartite representation of the World Trade Web, comparing the observed values of a number of structural quantities of interest with the expected ones, calculated via our randomization procedure. Interestingly, the behavior of the World Trade Web in this new representation is strongly different from the monopartite analogue, showing highly non-trivial patterns of self-organization.

physics.soc-ph↗

arXiv2014

The Italian primary school-size distribution and the city-size: a complex nexus

We characterize the statistical law according to which Italian primary school-size distributes. We find that the school-size can be approximated by a log-normal distribution, with a fat lower tail that collects a large number of very small schools. The upper tail of the school-size distribution decreases exponentially and the growth rates are distributed with a Laplace PDF. These distributions are similar to those observed for firms and are consistent with a Bose-Einstein preferential attachment process. The body of the distribution features a bimodal shape suggesting some source of heterogeneity in the school organization that we uncover by an in-depth analysis of the relation between schools-size and city-size. We propose a novel cluster methodology and a new spatial interaction approach among schools which outline the variety of policies implemented in Italy. Different regional policies are also discussed shedding lights on the relation between policy and geographical features.

physics.soc-ph↗

arXiv2012

Statistical Agent Based Modelization of the Phenomenon of Drug Abuse

We introduce a statistical agent based model to describe the phenomenon of drug abuse and its dynamical evolution at the individual and global level. The agents are heterogeneous with respect to their intrinsic inclination to drugs, to their budget attitude and social environment. The various levels of drug use were inspired by the professional description of the phenomenon and this permits a direct comparison with all available data. We show that certain elements have a great importance to start the use of drugs, for example the rare events in the personal experiences which permit to overcame the barrier of drug use occasionally. The analysis of how the system reacts to perturbations is very important to understand its key elements and it provides strategies for effective policy making. The present model represents the first step of a realistic description of this phenomenon and can be easily generalized in various directions.

physics.soc-ph↗