DocumentCode
2723261
Title
Which Networks are Least Susceptible to Cascading Failures?
Author
Blume, Lawrence ; Easley, David ; Kleinberg, Jon ; Kleinberg, Robert ; Tardos, Éva
Author_Institution
Dept. of Econ., Cornell Univ., Ithaca, NY, USA
fYear
2011
fDate
22-25 Oct. 2011
Firstpage
393
Lastpage
402
Abstract
The spread of a cascading failure through a network is an issue that comes up in many domains - in the contagious failures that spread among financial institutions during a financial crisis, through nodes of a power grid or communication network during a widespread outage, or through a human population during the outbreak of an epidemic disease. Here we study a natural model of threshold contagion: each node v is assigned a numerical threshold ℓ(v) drawn independently from an underlying distribution μ, and v will fail as soon as ℓ(v) of its neighbors fail. Despite the simplicity of the formulation, it has been very challenging to analyze the failure processes that arise from arbitrary threshold distributions; even qualitative questions concerning which graphs are the most resilient to cascading failures in these models have been difficult to resolve. Here we develop a set of new techniques for analyzing the failure probabilities of nodes in arbitrary graphs under this model, and we compare different graphs G according to their μ-risk, defined as the maximum failure probability of any node in G when thresholds are drawn from μ. We find that the space of threshold distributions has a surprisingly rich structure when we consider the risk that these thresholds induce on different graphs: small shifts in the distribution of the thresholds can favor graphs with a maximally clustered structure (i.e., cliques), those with a maximally branching structure (trees), or even intermediate hybrids.
Keywords
finance; graph theory; probability; arbitrary graphs; cascading failure; financial institutions; maximum failure probability; numerical threshold; Analytical models; Educational institutions; Electric shock; Labeling; Power system faults; Power system protection; Resilience; cascading failures; contagion; financial contagion; networks; percolation; voter models;
fLanguage
English
Publisher
ieee
Conference_Titel
Foundations of Computer Science (FOCS), 2011 IEEE 52nd Annual Symposium on
Conference_Location
Palm Springs, CA
ISSN
0272-5428
Print_ISBN
978-1-4577-1843-4
Type
conf
DOI
10.1109/FOCS.2011.38
Filename
6108200
Link To Document