Understanding Sub-Second Instabilities in a Global Cyber-Physical System

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Future CPS will include large, decentralized systems of semi-autonomous sensor and actuator
components, and will need to operate safely beyond human response times. One current datarich
example is the U.S. network of electronic exchange networks which is the largest and
fastest network CPS in existence, but is already known to produce a wide variety of sub-second
instabilities that are little understood and which impact safety, efficiency and accuracy. Urgent
questions facing such CPS systems are therefore: When do extreme and hence potentially

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