Economic Models with Chaotic Money Exchange
Adaptation and Self-Organizing Systems
2009-01-09 v1 Physics and Society
Trading and Market Microstructure
Applications
Abstract
This paper presents a novel study on gas-like models for economic systems. The interacting agents and the amount of exchanged money at each trade are selected with different levels of randomness, from a purely random way to a more chaotic one. Depending on the interaction rules, these statistical models can present different asymptotic distributions of money in a community of individuals with a closed economy.
Keywords
Cite
@article{arxiv.0901.1038,
title = {Economic Models with Chaotic Money Exchange},
author = {Carmen Pellicer-Lostao and Ricardo Lopez-Ruiz},
journal= {arXiv preprint arXiv:0901.1038},
year = {2009}
}
Comments
10 pages, 5 figures