Dr. Sebastian M. Krause
Dr. Sebastian M. Krause
Complex Systems, Econophysics
Office: MG 331
Phone: + 49 (0)203 379 4734
E-mail
- Research interests
- Econophysics
- Complex networks
- Complex systems
- Statistical mechanics
- Big data
- Agent based economic models
- Opinion formation
- Transportation
- Computational physics
- Atomic and molecular physics
- Research experience and education
- Current position from April 2016: Postdoc
AG Prof. Thomas Guhr, University Duisburg-Essen, Germany - Postdoc within the EU MULTIPLEX project, April 2014 - March 2016
Institute Rudjer Boskovic, Zagreb, Croatia
Local project coordinator: Dr.Sc. Vinko Zlatic - Ph.D. student, passed summa cum laude, August 2010 - January 2014
University of Bremen, Complex Systems Lab, Germany
Supervisor: Prof. Stefan Bornholdt - Research associate for theoretical molecular physics, September 2009 - July 2010
Technical University and Max-Planck-Institute of Complex Systems (MPI-PKS) Dresden, Germany - Diplom in Physics, passed with distinction, October 2003 - September 2009
Technical University of Dresden, Germany
Supervisor: Prof. Rüdiger Schmidt
- Current position from April 2016: Postdoc
- Lectures and exercises
- Leading supervisor for exercises in classical mechanics, tutor, University of Duisburg-Essen, Winter 2019/2020
- Lecture and project econophysics I and II, University of Duisburg-Essen, Summer 2019
- Leading supervisor for exercises in electrodynamics, tutor, University of Duisburg-Essen, Winter 2018/2019
- Lecture and project econophysics I and II, University of Duisburg-Essen, Summer 2018
- Leading supervisor for exercises in classical mechanics, tutor, University of Duisburg-Essen, Winter 2017/2018
- Lecture and project Econophysics I, tutor, University of Duisburg-Essen, Summer 2017
- Leading supervisor for exercises in statistical physics and thermodynamics, tutor, University of Duisburg-Essen, Winter 2016/2017
- Tutor for exercises in advanced classical mechanics, University of Duisburg-Essen, Summer 2016
- Leading supervisor for exercises in econo- and sociophysics, tutor, University of Bremen, Winter 2012/2013
- Tutor for exercises in statistical physics and thermodynamics, University of Bremen, Summer 2012
- Tutor for exercises in quantum mechanics, University of Bremen, Winter 2011/2012
- Tutor for exercises in electrodynamics, University of Bremen, Summer 2011
- Leading supervisor for exercises in advanced theoretical physics, tutor, University of Bremen, Winter 2010/2011
- Tutor for exercises in advanced quantum mechanics, University of Dresden, Summer 2007
- Supervision of scientific theses
- Co-supervision of bachelor thesis about motorway traffic, University of Duisburg-Essen, 2019
- Co-supervision of master thesis about stock trading, University of Duisburg-Essen, 2018/2019
- Master thesis about business valuation in cooperation with Commerz Real AG, University of Duisburg-Essen, 2018/2019
- Master thesis about supply chains in cooperation with Infineon Thechnologies, University of Duisburg-Essen, 2017/2018
- Co-supervision of master thesis about renewable energy production in cooperation with E.ON, University of Duisburg-Essen, 2018
- Co-supervision of master thesis about stock trading, honored as best master thesis in physics of 2017, University of Duisburg-Essen, 2016/2017
- Co-supervision of bachelor thesis about stock price movements, University of Duisburg-Essen, 2016
- Co-supervision of master thesis about opinion formation, University of Bremen, 2013
- Co-supervision of bachelor thesis about electricity prices, University of Bremen, 2012
- Co-supervision of bachelor thesis about phase transitions, University of Bremen, 2011
- Publications
- Repulsion in controversial debate drives public opinion into fifty-fifty stalemate
Sebastian M. Krause, Fritz Weyhausen-Brinkmann, Stefan Bornholdt
Phys. Rev. E 100 042307 (2019) [arXiv] - Controlling systemic risk - network structures that minimize it and node properties to calculate it
Sebastian M. Krause, Hrvoje Štefančić, Vinko Zlatić, Guido Caldarelli
[arXiv] - Emergence of stylized facts during the opening of stock markets
Sebastian M. Krause, Jonas A. Fiegen and Thomas Guhr
[arXiv] - Bond and site color-avoiding percolation in scale free networks
Andrea Kadović, Sebastian M. Krause, Guido Caldarelli and Vinko Zlatić
Phys. Rev. E 98 062308 (2018) [arXiv] - Impact and recovery process of mini flash crashes: An empirical study
Tobias Braun, Jonas A. Fiegen, Daniel C. Wagner, Sebastian M. Krause, Thomas Guhr
PLoS ONE 13 e0196920 (2018) [arXiv, SSRN] - The importance of antipersistence for traffic jams
Sebastian M. Krause, Lars Habel, Thomas Guhr, and Michael Schreckenberg
EPL 118 38005 (2017) [arXiv]Editor's Choice, Highlight in Europhysics News, Interview im Deutschlandfunk - Regularities and Irregularities in Order Flow Data
Martin Theissen, Sebastian M. Krause, and Thomas Guhr
EPJ B 90, 218 (2017)
DOI: 10.1140/epjb/e2017-80087-6 [arXiv, SSRN] Highlights in EPJ B, phys.org and EurekAlert - Color-avoiding percolation
S. M. Krause, M. M. Danziger, and V. Zlatić
Phys. Rev. E 96 022313 (2017) [arXiv] - Hidden Connectivity in Networks with Vulnerable Classes of Nodes
S. M. Krause, M. M. Danziger, and V. Zlatić
Phys. Rev. X 6 041022 (2016)
Open-Access, DOI: 10.1103/PhysRevX.6.041022 [arXiv] - Econophysics of adaptive power markets: When a market does not dampen fluctuations but amplifies them
S. M. Krause, S. Börries, and S. Bornholdt
Phys. Rev. E 92, 012815 (2015)
DOI: 10.1103/PhysRevE.92.012815 [arXiv]
Highlights in Nature, phys.org, Spektrum.de and Deutschlandfunk - Spontaneous centralization of control in a network of company ownerships
S. M. Krause, T. P. Peixoto, and S. Bornholdt
PLoS ONE 8(12): e80303 (2013)
DOI: 10.1371/journal.pone.0080303 [arXiv] - Spin models as microfoundation of macroscopic financial market models
S. M. Krause, and S. Bornholdt
Physica A 392, 4048-4054 (2013)
DOI: 10.1016/j.physa.2013.04.044 [arXiv] - Opinion formation model for markets with a social temperature and fear
S. M. Krause, and S. Bornholdt
Phys. Rev. E 86, 056106 (2012)
DOI: 10.1103/PhysRevE.86.056106 [arXiv] - arXiv:
- Mean-field-like behavior of the generalized voter-model-class kinetic Ising model
S. M. Krause, Philipp Böttcher, and S. Bornholdt
Phys. Rev. E 85, 031126 (2012)
DOI: 10.1103/PhysRevE.85.031126 [arXiv] - Complete dynamics of H2+ in strong laser fields
J. Handt, S. M. Krause, J.-M. Rost, M. Fischer, F. Grossmann, and R. Schmidt
arXiv:1103.1565 [physics.atm-clus] (2011) - Mixed quantum-classical approach to multiphoton dissociation of the hydrogen molecular ion
M. Fischer, F. Grossmann, R. Schmidt, J. Handt, S. M. Krause, and J.-M. Rost
New J. Phys. 13, 053019 (2011)
DOI: 10.1088/1367-2630/13/5/053019 - Steering a molecule into dissociation via vibrational excitation
A. Kästner, F. Grossmann, S. M. Krause, R. Schmidt, A. Kenfack, and J.-M. Rost
New J. Phys. 11, 083014 (2009)
DOI: 10.1088/1367-2630/11/8/083014
- Repulsion in controversial debate drives public opinion into fifty-fifty stalemate
- Talks
- Irresoluteness slows down opinion formation: Why referendums need to mature
Workshop on Dynamics of Interdependent Decisions (Sociology and Sociophysics) in Delmenhorst, Germany
25.-26. June 2019
Invited Talk - Impact and recovery of mini flash crashes
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Regensburg, Germany
31. March - 05. April 2019 - Antipersistent Fluctuations of Motorway Traffic Flow Cause Broadly Distributed Congestion Durations
CCS in Thessaloniki, Greece
23.-28. September 2018 - Bypassing Large Groups of Vulnerable Nodes in Complex Networks
CCS in Thessaloniki, Greece
23.-28. September 2018 - Impact and recovery of mini flash crashes
Econophysics Colloquium 2018 in Palermo, Italy
12.-14. September 2018 - Correlated behavior in complex systems
Bath University, UK
22. March 2018
Invited Talk - Antipersistence of traffic flow explains congestion durations
Annual Conference of the German Physical Society in Berlin, Germany
11.-16. March 2018
Interview im Deutschlandfunk - Robust connectivity in networks with groups of vulnerable nodes
Annual Conference of the German Physical Society in Berlin, Germany
11.-16. March 2018 - Correlated behavior in complex systems
Physics colloquium, University of Duisburg-Essen, Germany
31. January 2018 - Agent based thought experiments: From powerful companies to catastrophic consumer synchronization
Econophysics Colloquium 2017 in Warsaw, Poland
5.-7. July 2017 - Color-avoiding percolation: Bypassing vulnerable classes of nodes in complex networks
Complenet 2017 in Dubrovnik, Croatia
20.-24. March 2017 - Adaptive electricity markets may cause catastrophic consumer synchronization
Joint seminar of Economics Chairs (Insurance and Risk Management, Finance, Energy Trading and Finance) and Econophysics , University of Duisburg-Essen, Germany
17.+18. November 2016 - Utilizing redundant paths in networks with vulnerable classes of nodes
Theoretical Physics Colloquium, University of Duisburg-Essen, Germany
15. June 2016 - Color avoiding Percolation on Networks
NetSci 2015 in Zaragoza, Spain
1.-5. June 2015 - Connecting microscopic behavioral economics to macro-scopic financial market models
Annual Conference of the German Physical Society in Berlin, Germany
15.-20. March 2015
Invited Tutorial Talk - Avoidable Colors Percolation
ECCS 2014 in Lucca, Italy
22.-26. September 2014 - Spontaneous centralization of control in a network of company ownerships
NetSci (Satellite: State-Topology Coevolution in Adaptive Networks) in Copenhagen, Denmark
3.-7. June 2013 - Condensation of wealth and control in a network of firms
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Regensburg, Germany
10.-15. March 2013 - Financial bubbles from opinion formation with feedbacks
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Berlin, Germany
25.-30. March 2012 - Statistical Mechanics of a spin stock market model
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Dresden, Germany
13.-18. March 2011
- Irresoluteness slows down opinion formation: Why referendums need to mature
- Posters
- Extracting the wide variety of trading in stock markets
Annual Conference of the German Physical Society in Berlin, Germany
11.-16. March 2018 - Secure message passing on networks with insecure classes of nodes
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Berlin, Germany
15.-20. March 2015 - Controllability of power fluctuations with variable pricing schemes
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Regensburg, Germany
10.-15. March 2013 - Social temperature and fear in an opinion formation model of markets
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Regensburg, Germany
10.-15. March 2013 - Spin models as microfoundation of macroscopic financial market models
DPG-Frühjahrstagung (Annual Conference of the German Physical Society) in Berlin, Germany
25.-30. March 2012
- Extracting the wide variety of trading in stock markets
- Media coverage
- Deutschlandfunk, Forschung aktuell: Die Entdeckung des Kurzstaus
Radio interview, 15.03.2018 - phys.org: ID microstructure of stock useful in financial crisis
November 22, 2017, Springer Highlight - HRT 4: Indeks
Interview with Croatian television about international science collaboration in Croatia, 26.2.2016 - Nature (News and Views): Simple market models fail the test
Alex Pentland, Nature 525, 190-191 (2015) - phys.org: A seemingly obvious way to make the electricity market better may actually make it worse
July 23, 2015 by Lisa Zyga, report - Spektrum.de: Strommärkte: Intelligente Stromzähler im Rausch des Marktes
von Lars Fischer, 24.07.2015 - Deutschlandfunk, Forschung aktuell: Intelligente Stromzähler, Blackout auch ohne Hacker
Radio interview with Stefan Bornholdt, 29.7.2015 - EE Times europe: Smart meters can destabilize grid, study says
Christoph Hammerschmidt, July 25 2015 - Transforming Cities; Urbane Systeme im Wandel. Das Fachmagazin: Sorgen intelligente Stromzähler für Chaos im Strommarkt?
July 24. 2015
- Deutschlandfunk, Forschung aktuell: Die Entdeckung des Kurzstaus
- Highlights
-
Repulsion in controversial debate drives public opinion into fifty-fifty stalemate,Phys. Rev. E 100 042307 (2019) [arXiv]
Opinion formation is a process with strong implications for public policy. In controversial debates with large consequences, the public opinion is often trapped in a fifty-fifty stalemate, jeopardizing broadly accepted political decisions. Emergent effects from millions of private discussions make it hard to understand or influence this kind of opinion dynamics. Here we demonstrate that repulsion from opinions favors fifty-fifty stalemates. We study a voter model where agents can have two opinions or an undecided state in between, and where we allow for repulsion of opinions and for doubt: in pairwise discussions, undecided agents can be not only convinced, but also repelled from the opinion expressed by another agent, and decided agents may return to the undecided state. As a result, we observe that in controversial debates the frequencies of both opinions equalize. This voter model attractor reproduces the phenomenology of repeated Brexit poll data. -
The importance of antipersistence for traffic jams, Europhysics Letters 118 38005(2017) [arXiv], Deutschlandfunk Interview
Many motorways are running above their capacity and therefore suffer congested traffic. The traffic breakdown from free flow becomes increasingly likely around a critical flow, a critical number of vehicles per minute. Here we discuss congestion durations which are distributed with a power law over three decades, from minutes to hours. The traffic flow shows large fluctuations on short time scales which quickly trend back to the mean value, they are antipersistent. Consequently, it exceeds the critical flow for time spans which are power law distributed. This implies a large number of short-lasting traffic jams with a large risk for rear-end collisions. -
Hidden Connectivity in Networks with Vulnerable Classes of Nodes, Phys. Rev. X 6 041022 (2016) [arXiv]
In many networks, different sets of nodes are vulnerable to different failures or adversaries. To utilize redundant paths for avoiding vulnerable node classes in advance, we developed color avoiding percolation, in colaboration with Michael M. Danziger in the group of Shlomo Havlin and Vinko Zlatic at Rudjer Boscovic institute in Croatia. We found a fast algorithm for the largest cluster of nodes which can communicate avoiding all vulnerable classes, and applied it to the network of internet servers. Further we developed a theory for random network ensembles and compared it to numerical results.
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Econophysics of adaptive power markets: When a market does not dampen fluctuations but amplifies them, Phys. Rev. E 92 012815 (2015), discussed in Nature 525 (News and Views) 190-191 (2015)
Let's assume a hypothetic market situation: Electricity markets with time-dependent consumer prices. Would this help to dampen fluctuations due to renewables? An artificial market, where many consumers perform time-flexible consumption (e.g. washing) due to individual stochastic decisions, shows extreme synchronization of demand at low prices. - Connecting microscopic behavioral economics to macroscopic financial market models, invited tutorial talk at the Annual Conference of the German Physical Society (2015)
In a talk of 45 minutes, I discussed a way of interconnecting agent based modeling and the field of macroscopic price evolution models. Using the Bornholdt-Kaizoji-Fujiwara market model, I exemplified a general recipe for finding macroscopic models numerically: A macroscopic variable which might control volatility is identified; The stochastic process ruling this volatility variable is measured, using the numeric evolution of the microscopic model. This procedure is suitable for models with puzzling emergent behavior, as well as for complicated models with many parameters. -
Spontaneous centralization of control in a network of company ownerships, PLoS ONE 8 e80303 (2013) [arXiv]
To understand the global network of corporate control, we developed an adaptive network model. The results imply that highly centralized control can emerge without it being an explicit goal of the most powerful companies, due to rich-get-richer effects.
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