Related papers: A kinetic equation for economic value estimation w…
Motivated by the open problem of large-data global existence for the non-cutoff Boltzmann equation, we introduce a model equation that in some sense disregards the anisotropy of the Boltzmann collision kernel. We refer to this model…
We analyze the dynamics of a forecasting game which exhibits the phenomenon of information cascades. Each agent aims at correctly predicting a binary variable and he/she can either look for independent information or herd on the choice of…
We propose a new formulation of the fluctuating lattice Boltzmann equation that is consistent with both equilibrium statististical mechanics and fluctuating hydrodynamics. The formalism is based on a generalized lattice-gas model, with each…
We investigate a toy model of inductive interacting agents aiming to forecast a continuous, exogenous random variable E. Private information on E is spread heterogeneously across agents. Herding turns out to be the preferred forecasting…
A quantum linear Boltzmann equation is proposed, constructed in terms of the operator-valued dynamic structure factor of the macroscopic system the test particle is interacting with. Due to this operator structure it is a non-Abelian linear…
We explain the ubiquity and extremely slow evolution of non gaussian out-of-equilibrium distributions for the Hamiltonian Mean-Field model, by means of traditional kinetic theory. Deriving the Fokker-Planck equation for a test particle, one…
In this paper we analyze the global existence of classical solutions to the initial boundary-value problem for a nonlinear parabolic equation describing the collective behavior of an ensemble of neurons. These equations were obtained as a…
We investigate the behavior in $N$ of the $N$--particle entropy functional for Kac's stochastic model of Boltzmann dynamics, and its relation to the entropy function for solutions of Kac's one dimensional nonlinear model Boltzmann equation.…
The transport coefficients of a dilute gas of inelastic hard spheres immersed in a molecular gas are determined. We assume that the number density of the granular gas is much smaller than that of the surrounding molecular gas, so that the…
Boltzmann provided a scenario to explain why individual macroscopic systems composed of a large number $N$ of microscopic constituents are inevitably (i.e., with overwhelming probability) observed to approach a unique macroscopic state of…
We study a prototypical non-polynomial decision-making model for which agents in a population potentially alternate between two consumption strategies, one related to the exploitation of an unlimited but considerably expensive resource and…
Statistical models of economic distributions lead to Boltzmann distributions rather than a Pareto power law. This result is supported by two facts: 1. the distributions of income, car sales, marriages or jobs are a matter of chances and…
One approach to the analysis of stochastic fluctuations in market prices is to model characteristics of investor behaviour and the complex interactions between market participants, with the aim of extracting consequences in the aggregate.…
Herding, where investors imitate others' decisions rather than relying on their own analysis, is a prevalent phenomenon in financial markets. Excessive herding distorts rational decisions, amplifies volatility, and can be exploited by…
Finding reduced models of spatially-distributed chemical reaction networks requires an estimation of which effective dynamics are relevant. We propose a machine learning approach to this coarse graining problem, where a maximum entropy…
The use of kinetic modelling based on partial differential equations for the dynamics of stock price formation in financial markets is briefly reviewed. The importance of behavioral aspects in market booms and crashes and the role of…
For the Boltzmann equation with cutoff hard potentials, we construct the unique global solution converging with an exponential rate in large time to global Maxwellians not only for the specular reflection boundary condition with the bounded…
For perturbative scalar field theories, the late-time-limit of the out-of-time-ordered correlation function that measures (quantum) chaos is shown to be equal to a Boltzmann-type kinetic equation that measures the total gross (instead of…
This paper establishes the global well-posedness of the multi-species Boltzmann equation with large-amplitude initial data in the periodic domain $\mathbb{T}^3$. In contrast to the single-species case, the multi-species mixture model lacks…
We investigate the full dynamics of capital allocation and wealth distribution of heterogeneous agents in a frictional economy during booms and busts using tools from mean-field games. Two groups in our models, namely the expert and the…