Centrality anomalies in complex networks as a result of model over-simplification

Tremendous advances have been made in our understanding of the properties and evolution of complex networks. These advances were initially driven by information-poor empirical networks and theoretical analysis of unweighted and undirected graphs. Recently, information-rich empirical data complex networks supported the development of more sophisticated models that include edge directionality and weight properties, and multiple layers. Many studies still focus on unweighted undirected description of networks, prompting an essential question: how to identify when a model is simpler than it must be? Here, we argue that the presence of centrality anomalies in complex networks is a result of model over-simplification. Specifically, we investigate the well-known anomaly in betweenness centrality for transportation networks, according to which highly connected nodes are not necessarily the most central. Using a broad class of network models with weights and spatial constraints and four large data sets of transportation networks, we show that the unweighted projection of the structure of these networks can exhibit a significant fraction of anomalous nodes compared to a random null model. However, the weighted projection of these networks, compared with an appropriated null model, significantly reduces the fraction of anomalies observed, suggesting that centrality anomalies are a symptom of model over-simplification. Because lack of information-rich data is a common challenge when dealing with complex networks and can cause anomalies that misestimate the role of nodes in the system, we argue that sufficiently sophisticated models be used when anomalies are detected.Comment: 14 pages, including 9 figures. APS style. Accepted for publication in New Journal of Physic

Nanogel formation of polymer solutions flowing through porous media

A gelation process was seen to occur when Boger fluids made from aqueous solutions of polyacrylamide (PAA) and NaCl flowed through porous media with certain characteristics. As these viscoelastic fluids flow through a porous medium, the pressure drop across the bed varies linearly with the flow rate, as also happens with Newtonian fluids. Above a critical flow rate, elastic effects set in and the pressure drop grows above the low-flow-rate linear regime. Increasing further the flow rate, a more dramatic increase in the slope of the pressure drop curve can be observed as a consequence of nanogel formation. In this work, we discuss the reasons for this gelation process based on our measurements using porous media of different sizes, porosity and chemical composition. Additionally, the rheological properties of the fluids were investigated for shear and extensional flows. The fluids were also tested as they flowed through different microfluidic analogues of the porous media. The results indicate that the nanogel inception occurs with the adsorption of PAA molecules on the surface of the porous media particles that contain silica on their surfaces. Subsequently, if the interparticle space is small enough a jamming process occurs leading to flow-induced gel formation

A diversificação das receitas bancárias: seu impacto sobre o risco e o retorno dos bancos brasileiros

O objetivo deste estudo é determinar o impacto da diversificação das receitas bancárias sobre o risco e o retorno dos bancos brasileiros. Essa estratégia foi adotada por bancos em diversos países, inclusive no Brasil. Em 2003, as receitas noninterest (não decorrentes de juros) representavam 17,80% da receita operacional dos bancos analisados e, em 2014, essa participação havia aumentado para 27,40%. Embora muitos estudos tenham abordado a questão para bancos americanos, europeus e asiáticos, este tema ainda não foi abordado para uma amostra de bancos brasileiros. Como o setor bancário é uma variável crucial à estabilidade do sistema financeiro, é importante estudar os fatores que afetam o risco e o retorno dos bancos. Analisamos a amostra para o período entre 2003 e 2014, utilizando dados em painel dinâmico através do Método Generalizado dos Momentos para abordar questões de endogeneidade, heterocedasticidade e autocorrelação. Nossos principais resultados mostram que as receitas noninterest possuem um papel importante no desempenho dos bancos estudados; nossa análise das atividades de intermediação financeira mostrou que as operações de crédito produziram melhores resultados do que as atividades de negociação de títulos. Além disso, confirmando as hipóteses propostas, as receitas noninterest apresentaram, de maneira geral, um impacto positivo sobre o retorno e o retorno ajustado ao risco nos bancos estudados. Entretanto, ao contrário do que esperávamos, as receitas noninterest mostraram uma relação positiva com o risco desses bancos (embora estatisticamente não significativa). É importante destacar as variáveis de controle, ou seja, a taxa de juros real, o PIB e o crescimento bancário, as quais foram relevantes para a determinação do desempenho dos bancos.The present study aims to determine the impact of bank revenue diversification on Brazilian banks’ risk and return. This strategy has been adopted by banks in several countries, including Brazil. In 2003, noninterest income accounted for 17.80% of the operating revenue of the banks analyzed, and in 2014, this share increased to 27.40%. While many studies have addressed the subject in American, European and Asian banks, it still has not been approached in a sample of Brazilian banks. Since the banking industry is a key variable for the financial system’s stability, it is important to study the factors that affect banks’ risk and return. We analyzed the sample for the period from 2003 to 2014, using dynamic panel data GMM (Generalized Method of Moments) to address endogeneity, heteroscedasticity and autocorrelation problems. Our main results show that noninterest income has a major role in the performance of the banks studied; our analysis of financial intermediation activities showed that loan operations produced better results than trading. Moreover, confirming the hypotheses proposed, noninterest income showed a generally positive impact on return and risk adjusted return for the banks studied. However, against our expectation, noninterest income showed a positive relationship with the risk of these banks (although not statistically significant). It is worth highlighting the control variables, i.e., real interest rate, GDP and bank growth, which were relevant in determining bank performance

Rheological behaviour and flow dynamics of Vitreous Humour substitutes used in eye surgery during saccadic eye movements

This work discusses the rheology of several vitreous humour (VH) substitutes used in eye surgery (perfluorocarbons and silicone oils) and their flow behaviour when subjected to saccadic eye movements. Shear rheology experiments revealed that all fluids tested exhibit a constant shear viscosity, while extensional rheological experiments showed that Siluron 2000 is the only fluid tested that exhibits a measurable elasticity. To characterise the dynamics during saccadic eye movements, numerical simulations of all the VH substitutes under study were performed with the open source software OpenFOAM and compared with Vitreous Humour flow dynamics to assess their potential mechanical performance. Minor differences were found between the numerical results of a viscoelastic fluid reproducing the rheology of Siluron 2000 and a Newtonian model. Perfluorocarbon (PFLC) shows a distinct flow behaviour relative to Silicone Oils (SiO). None of the pharmacological fluids tested can adequately mimic the rheological and consequently the flow behaviour of VH gel phase (Silva et al., 2020).Comment: 16 figure