Robust criticality of Ising model on rewired directed networks

Abstract: We show that preferential rewiring, which is supposed to mimick the behaviour of financial agents, changes a directed-network Ising ferromagnet with a single critical point into a model with robust critical behaviour. For the non-rewired random graph version, due to a constant number of links out-going from each site, we write a simple mean-field-like equation describing the behaviour of magnetization; we argue that it is exact and support the claim with extensive Monte Carlo simulations. For the rewired version, this equation is obeyed only at low temperatures. At higher temperatures, rewiring leads to strong heterogeneities, which apparently invalidates mean-field arguments and induces large fluctuations and divergent susceptibility. Such behaviour is traced back to the formation of a relatively small core of agents which influence the entire system.