Regulating Complexity in Financial Markets

As the financial crisis has tragically illustrated, the complexities of modern financial markets and investment securities can trigger systemic market failures. Addressing these complexities, this Article maintains, is perhaps the greatest financial-market challenge of the future. The Article first examines and explains the nature of these complexities. It then analyzes the regulatory and other steps that should be considered to reduce the potential for failure. Because complex financial markets resemble complex engineering systems, and failures in those markets have characteristics of failures in those systems, the Article‟s analysis draws on chaos theory and other approaches used to analyze complex engineering systems

"Meaning" as a sociological concept: A review of the modeling, mapping, and simulation of the communication of knowledge and meaning

The development of discursive knowledge presumes the communication of meaning as analytically different from the communication of information. Knowledge can then be considered as a meaning which makes a difference. Whereas the communication of information is studied in the information sciences and scientometrics, the communication of meaning has been central to Luhmann's attempts to make the theory of autopoiesis relevant for sociology. Analytical techniques such as semantic maps and the simulation of anticipatory systems enable us to operationalize the distinctions which Luhmann proposed as relevant to the elaboration of Husserl's "horizons of meaning" in empirical research: interactions among communications, the organization of meaning in instantiations, and the self-organization of interhuman communication in terms of symbolically generalized media such as truth, love, and power. Horizons of meaning, however, remain uncertain orders of expectations, and one should caution against reification from the meta-biological perspective of systems theory

Classification of damage in structural systems using time series analysis and supervised and unsupervised pattern recognition techniques

Peer reviewedPostprin

Model-based Testing

This paper provides a comprehensive introduction to a framework for formal testing using labelled transition systems, based on an extension and reformulation of the ioco theory introduced by Tretmans. We introduce the underlying models needed to specify the requirements, and formalise the notion of test cases. We discuss conformance, and in particular the conformance relation ioco. For this relation we prove several interesting properties, and we provide algorithms to derive test cases (either in batches, or on the fly)

From Simple to Complex and Ultra-complex Systems:\ud A Paradigm Shift Towards Non-Abelian Systems Dynamics

Atoms, molecules, organisms distinguish layers of reality because of the causal links that govern their behavior, both horizontally (atom-atom, molecule-molecule, organism-organism) and vertically (atom-molecule-organism). This is the first intuition of the theory of levels. Even if the further development of the theory will require imposing a number of qualifications to this initial intuition, the idea of a series of entities organized on different levels of complexity will prove correct. Living systems as well as social systems and the human mind present features remarkably different from those characterizing non-living, simple physical and chemical systems. We propose that super-complexity requires at least four different categorical frameworks, provided by the theories of levels of reality, chronotopoids, (generalized) interactions, and anticipation

Quantitative Analysis of Opacity in Cloud Computing Systems

The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.Federated cloud systems increase the reliability and reduce the cost of the computational support. The resulting combination of secure private clouds and less secure public clouds, together with the fact that resources need to be located within different clouds, strongly affects the information flow security of the entire system. In this paper, the clouds as well as entities of a federated cloud system are assigned security levels, and a probabilistic flow sensitive security model for a federated cloud system is proposed. Then the notion of opacity --- a notion capturing the security of information flow --- of a cloud computing systems is introduced, and different variants of quantitative analysis of opacity are presented. As a result, one can track the information flow in a cloud system, and analyze the impact of different resource allocation strategies by quantifying the corresponding opacity characteristics