Extreme events in dynamical systems and random walkers: A review
Sayantan Nag Chowdhury, Arnob Ray, Syamal K. Dana, Dibakar Ghosh

TL;DR
This review discusses recent advances in understanding, predicting, and controlling extreme events in dynamical systems and random walks, highlighting mechanisms, machine learning approaches, and potential mitigation strategies across various complex systems.
Contribution
It provides a comprehensive overview of mechanisms, prediction methods including machine learning, and control strategies for extreme events in complex dynamical systems and networks.
Findings
Mechanisms responsible for extreme events are detailed.
Machine learning offers promising prediction capabilities.
Control strategies can mitigate extreme events effectively.
Abstract
Extreme events gain the attention of researchers due to their utmost importance in various contexts ranging from finance to climatology. This brings such recurrent events to the limelight of attention in interdisciplinary research. A comprehensive review of recent progress is provided to capture recent improvements in analyzing such very high-amplitude events from the point of view of dynamical systems and random walkers. We emphasize, in detail, the mechanisms responsible for the emergence of such events in complex systems. Several mechanisms that contribute to the occurrence of extreme events have been elaborated that investigate the sources of instabilities leading to them. In addition, we discuss the prediction of extreme events from two different contexts, using dynamical instabilities and data-based machine learning algorithms. Tracking of instabilities in the phase space is not…
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