Kinetic exchange models: From molecular physics to social science

2013/05/03 by Marco Patriarca, Patriarca, Marco, Anirban Chakraborti +1 · 3 citations
Economics, Econometrics and Finance · Physics and Astronomy · #Complex Network Analysis Techniques #Complex Systems and Time Series Analysis #FOS: Economics and business #FOS: Physical sciences #General Finance (q-fin.GN) #Opinion Dynamics and Social Influence #Physics and Society (physics.soc-ph)

paper · pdf · doi:10.48550/arxiv.1305.0768

openalex publication_date 2013/05/03 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28

Abstract

We discuss several multi-agent models that have their origin in the kinetic exchange theory of statistical mechanics and have been recently applied to a variety of problems in the social sciences. This class of models can be easily adapted for simulations in areas other than physics, such as the modeling of income and wealth distributions in economics and opinion dynamics in sociology.

Cited by

• Exploring the impact of multi-agent wealth exchange model on inequality reduction
• Limiting risk to reduce inequality: insights from the Yard-Sale model
• Simulation of a generalized asset exchange model with investment and income mechanisms

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