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The optimal (`equilibrium') macroscopic properties of an economy with $N$ industries endowed with different technologies, $P$ commodities and one consumer are derived in the limit $N\to\infty$ with $n=N/P$ fixed using the replica method.…

Disordered Systems and Neural Networks · Physics 2008-12-02 A. De Martino , M. Marsili , I. Perez Castillo

Taylors Law (TL) describes the scaling relationship between the mean and variance of populations as a power-law. TL is widely observed in ecological systems across space and time with exponents varying largely between 1 and 2. Many…

Populations and Evolution · Quantitative Biology 2015-02-24 Xiao Xiao , Kenneth J. Locey , Ethan P. White

As the current thermo-industrial civilization expands, its technological and societal complexities increase. We suggest that physical power, economic activity and societal complexity are linked. A simple, intuitive model based on Systems…

Physics and Society · Physics 2026-05-11 Jerome Lewandowski

The aim of this work is to establish the personal income distribution from the elementary constituents of a free market; products of a representative good and agents forming the economic network. The economy is treated as a self-organized…

General Finance · Quantitative Finance 2015-06-04 Joachim Kaldasch

Time evolution of number of species (genera, families, and others), population of them, and size distribution of present ones and life times are studied in terms of a new model, where population of each genetic taxon increases by a (random)…

Populations and Evolution · Quantitative Biology 2007-05-23 Caglar Tuncay

In special relativity the mathematical expressions, defining physical observables as the momentum, the energy etc, emerge as one parameter (light speed) continuous deformations of the corresponding ones of the classical physics. Here, we…

High Energy Physics - Theory · Physics 2009-11-11 G. Kaniadakis

The possibility of stating the second law of thermodynamics in terms of the increasing behaviour of a physical property establishes a connection between that branch of physics and the theory of algebraic inequalities. We use this connection…

Statistical Mechanics · Physics 2023-09-07 Andrés Vallejo

We consider a stochastic model of population dynamics where each individual is characterised by a trait in {0,1,...,L} and has a natural reproduction rate, a logistic death rate due to age or competition and a probability of mutation…

Probability · Mathematics 2019-02-12 Anton Bovier , Loren Coquille , Charline Smadi

Economic systems are similar with physic systems for their large number of individuals and the exist of equilibrium. In this paper, we present a model applying the equilibrium statistical model in economic systems. Consistent with…

General Finance · Quantitative Finance 2015-04-17 Zhiwu Zheng

We study the statistical underpinnings of life. We question some common assumptions about the thermodynamics of life and illustrate how, contrary to widespread belief, even in a closed system entropy growth can accompany an increase in…

Biological Physics · Physics 2019-08-23 Kate Jeffery , Robert Pollack , Carlo Rovelli

Power-law distributions are common, particularly in social physics. Here, we explore whether power-laws might arise as a consequence of a general variational principle for stochastic processes. We describe communities of 'social particles',…

Physics and Society · Physics 2011-12-30 G. J. Peterson , K. A. Dill

Given two pairs of quantum states, a fundamental question in the resource theory of asymmetric distinguishability is to determine whether there exists a quantum channel converting one pair to the other. In this work, we reframe this…

Quantum Physics · Physics 2020-09-30 Soorya Rethinasamy , Mark M. Wilde

In this work, Bernoulli's Law of Large Numbers, also known as the Golden theorem, has been extended to study the relations between empirical probability and empirical randomness of an otherwise random experiment. Using the example of a coin…

Data Analysis, Statistics and Probability · Physics 2025-06-04 Allen Lobo , Saravanan Arumugam

We present a stylized model with feedback loops for the evolution of a population's wealth over generations. Individuals have both talent and wealth: talent is a random variable distributed identically for everyone, but wealth is a random…

Computer Science and Game Theory · Computer Science 2022-09-16 Krishna Acharya , Eshwar Ram Arunachaleswaran , Sampath Kannan , Aaron Roth , Juba Ziani

The Social Force Model of pedestrian dynamics is formulated in a way that a) most of its parameters do not have an immediate interpretation, b) often one single parameter has an impact on many aspects of walking behavior and c) a certain…

Physics and Society · Physics 2018-01-03 Tobias Kretz , Jochen Lohmiller , Peter Sukennik

Social trends or fashions are spontaneous collective decisions made by large portions of a community, often without an apparent good reason. The spontaneous formation of trends provides a well documented mechanism for the spread of…

Condensed Matter · Physics 2007-05-23 Luis M. A. Bettencourt

The key idea of this model is that firms are the result of an evolutionary process. Based on demand and supply considerations the evolutionary model presented here derives explicitly Gibrat's law of proportionate effects as the result of…

General Finance · Quantitative Finance 2015-06-11 Joachim Kaldasch

In this essay, I attempt to provide supporting evidence as well as some balance for the thesis on `Transforming socio-economics with a new epistemology' presented by Hollingworth and Mueller (2008). First, I review a personal highlight of…

Physics and Society · Physics 2014-08-26 D. Sornette

The AGM theory of belief revision has become an important paradigm for investigating rational belief changes. Unfortunately, researchers working in this paradigm have restricted much of their attention to rather simple representations of…

Artificial Intelligence · Computer Science 2013-01-30 Frans Voorbraak

The structure of a society depends, to some extent, on the incentives of the individuals they are composed of. We study a stylized model of this interplay, that suggests that the more individuals aim at climbing the social hierarchy, the…

Physics and Society · Physics 2015-03-20 Marco Bardoscia , Giancarlo De Luca , Giacomo Livan , Matteo Marsili , Claudio J. Tessone