dorsal/arxiv
View SchemaMoney Exchange Model and a general Outlook
| Authors | Abhijit Kar Gupta |
|---|---|
| Categories | |
| ArXiv ID | physics/0505115 |
| URL | https://arxiv.org/abs/physics/0505115 |
| DOI | 10.1016/j.physa.2005.04.038 |
Abstract
The Kinetic Gas Theory like two-agent money exchange models, recently introduced in the Econophysics of Wealth distributions, are revisited. The emergence of Boltzmann-Gibbs like distribution of individual money to Pareto's law in the tail of the distribution is examined in terms of 2x2 Transition matrix with a general and simple oulook. Some additional interesting results are also reported.
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"abstract": "The Kinetic Gas Theory like two-agent money exchange models, recently\nintroduced in the Econophysics of Wealth distributions, are revisited. The\nemergence of Boltzmann-Gibbs like distribution of individual money to Pareto\u0027s\nlaw in the tail of the distribution is examined in terms of 2x2 Transition\nmatrix with a general and simple oulook. Some additional interesting results\nare also reported.",
"arxiv_id": "physics/0505115",
"authors": [
"Abhijit Kar Gupta"
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"doi": "10.1016/j.physa.2005.04.038",
"title": "Money Exchange Model and a general Outlook",
"url": "https://arxiv.org/abs/physics/0505115"
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