2004/07/30 by Ning Ding, Yougui Wang, Jun Xu +1 · 14 citations
Chemistry · Economics, Econometrics and Finance · Mathematics · Physics and Astronomy · #Chemistry #Circulation (fluid dynamics) #Complex Network Analysis Techniques #Complex Systems and Time Series Analysis #Computer science #Econometrics #Economics #Law #Mathematics #Mechanics #Mechanism (biology) #Opinion Dynamics and Social Influence #Physics #Political science #Power (physics) #Power law #Robustness (evolution) #Statistical mechanics #Statistical physics #Statistics #Thermodynamics #cond-mat.stat-mech #physics.soc-ph #q-fin.GN
paper · pdf · doi:10.1142/s0217979204025981
published in International Journal of Modern Physics B 18(17n19), 2725-2729 (World Scientific) · 4 pages, 2 figures
openalex publication_date 2004/07/30 · arxiv created 2005/07/20 · arxiv updated 2009/12/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05
We introduce preferential behavior into the study on statistical mechanics of money circulation. The computer simulation results show that the preferential behavior can lead to power laws on distributions over both holding time and amount of money held by agents. However, some constraints are needed in generation mechanism to ensure the robustness of power-law distributions.