English

Application of the Fermi function in money exchange

Dynamical Systems 2024-09-04 v2 Probability

Abstract

In a money exchange process involving a seller and a buyer, we develop a straightforward model encompassing conservative, non-conservative, and systems with or without debt. Our model integrates the Fermi function to capture the behavior of buyers and sellers. Under certain circumstances, we identify an equation that marks the phase transition between a stable equal wealth state across all connected social graphs and an unstable equal wealth state in some connected social graph.

Keywords

Cite

@article{arxiv.2307.01617,
  title  = {Application of the Fermi function in money exchange},
  author = {Hsin-Lun Li},
  journal= {arXiv preprint arXiv:2307.01617},
  year   = {2024}
}

Comments

5 pages

R2 v1 2026-06-28T11:21:42.444Z