dorsal/arxiv
View SchemaPower-Law Distributions in Circulating Money: Effect of Preferential Behavior
| Authors | Ning Ding, Yougui Wang |
|---|---|
| Categories | |
| ArXiv ID | physics/0507151 |
| URL | https://arxiv.org/abs/physics/0507151 |
| DOI | 10.1142/S0217979204025981 |
| Journal | the International Journal of Modern Physics B, 18 (17-19), 2725(2004) |
Abstract
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.
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"abstract": "We introduce preferential behavior into the study on statistical mechanics of\nmoney circulation. The computer simulation results show that the preferential\nbehavior can lead to power laws on distributions over both holding time and\namount of money held by agents. However, some constraints are needed in\ngeneration mechanism to ensure the robustness of power-law distributions.",
"arxiv_id": "physics/0507151",
"authors": [
"Ning Ding",
"Yougui Wang"
],
"categories": [
"physics.soc-ph",
"cond-mat.stat-mech",
"q-fin.GN"
],
"doi": "10.1142/S0217979204025981",
"journal_ref": "the International Journal of Modern Physics B, 18 (17-19),\n 2725(2004)",
"title": "Power-Law Distributions in Circulating Money: Effect of Preferential Behavior",
"url": "https://arxiv.org/abs/physics/0507151"
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