2009/01/08 by Pellicer-Lostao, Carmen, Lopez-Ruiz, Ricardo
#Adaptation and Self-Organizing Systems (nlin.AO) #Applications (stat.AP) #FOS: Computer and information sciences #FOS: Economics and business #FOS: Physical sciences #Physics and Society (physics.soc-ph) #Trading and Market Microstructure (q-fin.TR)
paper · doi:10.48550/arxiv.0901.1038
This paper presents a novel study on gas-like models for economic systems. The interacting agents and the amount of exchanged money at each trade are selected with different levels of randomness, from a purely random way to a more chaotic one. Depending on the interaction rules, these statistical models can present different asymptotic distributions of money in a community of individuals with a closed economy.