dorsal/arxiv
View SchemaRelaxation in statistical many-agent economy models
| Authors | Marco Patriarca, Anirban Chakraborti, Els Heinsalu, Guido Germano |
|---|---|
| Categories | |
| ArXiv ID | physics/0608174 |
| URL | https://arxiv.org/abs/physics/0608174 |
| DOI | 10.1140/epjb/e2007-00122-7 |
| Journal | European Physical Journal B 57 (2), 219-224, 2007 |
| License | http://arxiv.org/licenses/nonexclusive-distrib/1.0/ |
Abstract
We review some statistical many-agent models of economic and social systems inspired by microscopic molecular models and discuss their stochastic interpretation. We apply these models to wealth exchange in economics and study how the relaxation process depends on the parameters of the system, in particular on the saving propensities that define and diversify the agent profiles.
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"abstract": "We review some statistical many-agent models of economic and social systems\ninspired by microscopic molecular models and discuss their stochastic\ninterpretation. We apply these models to wealth exchange in economics and study\nhow the relaxation process depends on the parameters of the system, in\nparticular on the saving propensities that define and diversify the agent\nprofiles.",
"arxiv_id": "physics/0608174",
"authors": [
"Marco Patriarca",
"Anirban Chakraborti",
"Els Heinsalu",
"Guido Germano"
],
"categories": [
"physics.soc-ph",
"q-fin.GN"
],
"doi": "10.1140/epjb/e2007-00122-7",
"journal_ref": "European Physical Journal B 57 (2), 219-224, 2007",
"license": "http://arxiv.org/licenses/nonexclusive-distrib/1.0/",
"title": "Relaxation in statistical many-agent economy models",
"url": "https://arxiv.org/abs/physics/0608174"
},
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