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date: 30 November 2020

Abstract and Keywords

This chapter discusses the issues of designing desirable socioeconomic networks. Such networks permeate our lives. Evidence of this has generated increasing interest in dynamic processes in complex networks, especially the interplay between processes and the influences of network structure on performance and robustness. Performance optimization and robustness are important issues of socioeconomic networks. Diffusion is the process by which new products are invented and successfully introduced into a society (good diffusion) or infectious diseases spread (bad diffusion). Many studies shed light on how network topology interacts with the structure of social networked systems such as financial institutions to determine systemwide crises. In this context, entire classes of optimization problems range from maximizing the diffusion of innovations to minimizing risk distributions and cascade failures. The structure of interconnections influences network performance.

Keywords: socioeconomic network, network optimization, probabilistic diffusion, threshold-based diffusion, cascade failures, systemic risk, epidemic spreading

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