Colloquium: Statistical mechanics of money, wealth, and income
This Colloquium reviews statistical models for money, wealth, and income distributions
developed in the econophysics literature since the late 1990s. By analogy with the …
developed in the econophysics literature since the late 1990s. By analogy with the …
Econophysics review: II. Agent-based models
This article is the second part of a review of recent empirical and theoretical developments
usually grouped under the heading Econophysics. In the first part, we reviewed the statistical …
usually grouped under the heading Econophysics. In the first part, we reviewed the statistical …
[LIBRO][B] Econophysics of income and wealth distributions
The distribution of wealth and income is never uniform, and philosophers and economists
have tried for years to understand the reasons and formulate remedies for such inequalities …
have tried for years to understand the reasons and formulate remedies for such inequalities …
Econophysics, statistical mechanics approach to
VM Yakovenko - arxiv preprint arxiv:0709.3662, 2007 - arxiv.org
This is a review article for Encyclopedia of Complexity and System Science, to be published
by Springer http://refworks. springer. com/complexity/. The paper reviews statistical models …
by Springer http://refworks. springer. com/complexity/. The paper reviews statistical models …
Twenty-five years of random asset exchange modeling
M Greenberg, HO Gao - The European Physical Journal B, 2024 - Springer
The last 25 years have seen the development of a significant literature within the subfield of
econophysics which attempts to model economic inequality as the emergent property of …
econophysics which attempts to model economic inequality as the emergent property of …
The inequality process as a wealth maximizing process
J Angle - Physica A: Statistical Mechanics and Its Applications, 2006 - Elsevier
The One Parameter Inequality Process (OPIP) long predates the Saved Wealth Model
(SWM) to which it is isomorphic up to the different choice of stochastic driver of wealth …
(SWM) to which it is isomorphic up to the different choice of stochastic driver of wealth …
Basic kinetic wealth-exchange models: common features and open problems
We review the basic kinetic wealth-exchange models of Angle [J. Angle, Social Forces 65,
293 (1986); J. Math. Sociol. 26, 217 (2002)], Bennati [E. Bennati, Rivista Internazionale di …
293 (1986); J. Math. Sociol. 26, 217 (2002)], Bennati [E. Bennati, Rivista Internazionale di …
Kinetic models of immediate exchange
We propose a novel kinetic exchange model differing from previous ones in two main
aspects. First, the basic dynamics is modified in order to represent economies where …
aspects. First, the basic dynamics is modified in order to represent economies where …
Kinetic exchange models: From molecular physics to social science
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 …
of statistical mechanics and have been recently applied to a variety of problems in the social …
Influence of saving propensity on the power-law tail of the wealth distribution
Some general features of statistical multi-agent economic models are reviewed, with
particular attention to the dependence of the equilibrium wealth distribution on the agents' …
particular attention to the dependence of the equilibrium wealth distribution on the agents' …