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This paper introduces nonparametric econometric methods that characterize general power law distributions under basic stability conditions. These methods extend the literature on power laws in the social sciences in several directions.…

Economics · Quantitative Finance 2016-06-07 Ricardo T. Fernholz

Econophysics provides a strategy for understanding the potential mechanisms underlying the anomalous distribution of wealth found in real societies. We present a computational nonlinear stochastic model for the distribution of wealth that…

Statistical Mechanics · Physics 2009-11-10 Nicola Scafetta , Bruce J. West , Sergio Picozzi

Starting from the Modified Newtonian Dynamics (MOND) theory and using an inverse approach, we construct a general form of the entropy expression associated with the horizon based on the entropic nature of gravity. Using the…

General Physics · Physics 2025-10-17 Ahamd Sheykhi , Leila Liravi

The concept of (auto)catalytic systems has become a cornerstone in understanding evolutionary processes in various fields. The common ground is the observation that for the production of new species/goods/ideas/elements etc. the…

Populations and Evolution · Quantitative Biology 2009-11-13 Rudolf Hanel , Peter Klimek , Stefan Thurner

Basic peculiarities of market price fluctuations are known to be well described by a recently developed random walk model in a temporally deforming quadric potential force whose center is given by a moving average of past price traces…

Statistical Finance · Quantitative Finance 2013-05-29 Kota Watanabe , Hideki Takayasu , Misako Takayasu

Orderliness, reflected via mathematical laws, is encountered in different frameworks involving social groups. Here we show that a thermodynamics can be constructed that macroscopically describes urban population flows. Microscopic dynamic…

Physics and Society · Physics 2015-04-30 A. Hernando , A. Plastino

The global population growth from 10,000 BC to 2023 is discussed within the Verhulst scaling equation and its extensions framework. The analysis focuses on per the capita global population rate coefficient Gp(P)=[dP(t)/P(t)]/dt=dlnP(t)/d,…

Physics and Society · Physics 2024-06-21 Agata Angelika Sojecka , Aleksandra Drozd-Rzoska

A religion affiliation can be considered as a "degree of freedom" of an agent on the human genre network. A brief review is given on the state of the art in data analysis and modelization of religious "questions" in order to suggest and if…

Physics and Society · Physics 2012-08-31 Marcel Ausloos , Filippo Petroni

Background: The accumulation of deleterious mutations of a population directly contributes to the fate as to how long the population would exist. Muller's ratchet provides a quantitative framework to study the effect of accumulation.…

Populations and Evolution · Quantitative Biology 2011-09-22 Shuyun Jiao , Yanbo Wang , Bo Yuan , Ping Ao

Different evolutionary models are known to make disparate predictions for the success of an invading mutant in some situations. For example, some evolutionary mechanics lead to amplification of selection in structured populations, while…

Populations and Evolution · Quantitative Biology 2020-07-01 Francisco Herrerías-Azcué , Vicente Pérez-Muñuzuri , Tobias Galla

Ergodicity economics is a new branch of economic theory that notes the conceptual difference between time averages and expectation values, which coincide only for ergodic observables. It postulates that individual agents maximise the time…

Economics · Quantitative Finance 2021-03-02 Ole Peters , Alexander Adamou

P.W. Anderson proposed the concept of complexity in order to describe the emergence and growth of macroscopic collective patterns out of the simple interactions of many microscopic agents. In the physical sciences this paradigm was…

General Finance · Quantitative Finance 2009-11-13 Gur Yaari , Andrzej Nowak , Kamil Rakocy , Sorin Solomon

Statistical physics has proven to be a very fruitful framework to describe phenomena outside the realm of traditional physics. The last years have witnessed the attempt by physicists to study collective phenomena emerging from the…

Physics and Society · Physics 2009-05-11 Claudio Castellano , Santo Fortunato , Vittorio Loreto

We study two kinds of economic exchange, additive and multiplicative, in a system of N agents. The work is divided in two parts, in the first one, the agents are free to interact with each other. The system evolves to a Boltzmann-Gibbs…

Trading and Market Microstructure · Quantitative Finance 2010-10-07 Christian H. Sanabria , R. Huerta-Quintanilla , M. Rodriguez-Achach

Verlinde conjectured eight years ago that gravitation might be an emergent entropic force. This rather surprising assertion was proved in [Physica A {\bf 505} (2018) 190] within a purely classical statistical context, and in [DOI:…

General Physics · Physics 2018-12-26 A. Plastino , M. C. Rocca

I develop a framework for interpreting the forces that act on any population described by frequencies. The conservation of total frequency, or total probability, shapes the characteristics of force. I begin with Fisher's fundamental theorem…

Populations and Evolution · Quantitative Biology 2015-10-21 Steven A. Frank

In a macroscopic (quantum or classical) Hamiltonian system, we prove the second law of thermodynamics in the forms of the minimum work principle and the law of entropy increase, under the assumption that the initial state is described by a…

Statistical Mechanics · Physics 2007-05-23 Hal Tasaki

We model the dynamics of social structure by a simple interacting particle system. The social standing of an individual agent is represented by an integer-valued fitness that changes via two offsetting processes. When two agents interact…

Physics and Society · Physics 2007-05-23 E. Ben-Naim , F. Vazquez , S. Redner

Social dynamics determined by voting in a stochastic environment is analyzed for a society composed of two cohesive groups of similar size. Within the model of random walks determined by voting, explicit formulas are derived for the capital…

Multiagent Systems · Computer Science 2011-09-21 P. Yu. Chebotarev , A. K. Loginov , Ya. Yu. Tsodikova , Z. M. Lezina , V. I. Borzenko

Newton's law of motion relative to an inertial frame ("the laboratory") for a particle subject to a force acting at a certain time may be interpreted in either of two ways: (1) The force acting on the particle during an infinitesimal time…

Classical Physics · Physics 2007-05-23 Gonzalo E. Reyes , Antoine Royer