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Several problems arising in Economics and Finance are analyzed using concepts and quantitative methods from Physics. Here is the abridged abstact: Chapter 1: By analogy with energy, the equilibrium probability distribution of money must…

Statistical Mechanics · Physics 2008-12-10 Adrian A. Dragulescu

We consider the set of random Bienaym\'e-Galton-Watson trees with a bounded number of offspring and bounded number of generations as a statistical mechanics model: a random tree is a rooted subtree of the maximal tree; the spin at a given…

Mathematical Physics · Physics 2022-10-26 Francois Dunlop , Arif Mardin

We generalize the second law of thermodynamics in its maximum work formulation for a nonequilibrium initial distribution. It is found that in an isothermal process, the Boltzmann relative entropy (H-function) is not just a Lyapunov function…

Statistical Mechanics · Physics 2015-05-13 H. -H. Hasegawa , J. Ishikawa , K. Takara , D. J. Driebe

We introduce a class of discrete random walk model driven by global memory effects. At any time the right-left transitions depend on the whole previous history of the walker, being defined by an urn-like memory mechanism. The characteristic…

Statistical Mechanics · Physics 2016-12-28 Adrian A. Budini

We investigate the Leggett-Garg inequalities and the relative entropy of coherence in the Bixon-Jortner model. First, we analytically derive the general solution of the Bixon-Jortner model by a technique of the Laplace transform. So far,…

Quantum Physics · Physics 2018-10-30 Hiroo Azuma , Masashi Ban

The generalised Langevin equation with a retarded friction and a double-well potential is solved. The random force is modelled by a multiplicative noise with long jumps. Probability density distributions converge with time to a distribution…

Statistical Mechanics · Physics 2015-06-16 Tomasz Srokowski

The dynamics of generic stochastic Lotka-Volterra (discrete logistic) systems of the form \cite{Solomon96a} $w_i (t+1) = \lambda(t) w_i (t) + a {\bar w (t)} - b w_i (t) {\bar w(t)}$ is studied by computer simulations. The variables $w_i$,…

adap-org · Physics 2009-10-30 Ofer Biham , Ofer Malcai , Moshe Levy , Sorin Solomon

Let B be a p-uniformly convex Banach space, with p >= 2. Let T be a linear operator on B, and let A_n x denote the ergodic average (1 / n) sum_{i< n} T^n x. We prove the following variational inequality in the case where T is power bounded…

Dynamical Systems · Mathematics 2015-05-20 Jeremy Avigad , Jason Rute

At non-zero temperature classical systems exhibit statistical fluctuations of thermodynamic quantities arising from the variation of the system's initial conditions and its interaction with the environment. The fluctuating work, for…

Quantum Physics · Physics 2018-02-07 Rui Sampaio , Samu Suomela , Tapio Ala-Nissila , Janet Anders , Thomas Philbin

Boltzmann introduced in the 1870's a logarithmic measure for the connection between the thermodynamical entropy and the probabilities of the microscopic configurations of the system. His entropic functional for classical systems was…

Statistical Mechanics · Physics 2016-08-19 Constantino Tsallis

We derive a systematic, multiple time-scale perturbation expansion for the work distribution in isothermal quasi-static Langevin processes. To first order we find a Gaussian distribution reproducing the result of Speck and Seifert [Phys.…

Statistical Mechanics · Physics 2015-06-15 Johannes Hoppenau , Andreas Engel

We find a general formula for the distribution of time-averaged observables for systems modeled according to the sub-diffusive continuous time random walk. For Gaussian random walks coupled to a thermal bath we recover ergodicity and…

Statistical Mechanics · Physics 2009-11-13 Adi Rebenshtok , Eli Barkai

We determine the complete asymptotic behaviour of the work distribution in driven stochastic systems described by Langevin equations. Special emphasis is put on the calculation of the pre-exponential factor which makes the result free of…

Statistical Mechanics · Physics 2011-08-25 D. Nickelsen , A. Engel

The investigation of nonequilibrium thermodynamics in quantum many-body systems underscores the importance of quantum work, which differs from its classical counterpart due to its statistical nature. Recent studies have shown that quantum…

Statistical Mechanics · Physics 2025-07-08 Kwai-Kong Ng , Min-Fong Yang

We relate the probability distribution of the work done on a statistical system under a sudden quench to the Lanczos coefficients corresponding to evolution under the post-quench Hamiltonian. Using the general relation between the moments…

Quantum Physics · Physics 2023-09-19 Kuntal Pal , Kunal Pal , Ankit Gill , Tapobrata Sarkar

The cornerstone of Boltzmann-Gibbs ($BG$) statistical mechanics is the Boltzmann-Gibbs-Jaynes-Shannon entropy $S_{BG} \equiv -k\int dx f(x)\ln f(x)$, where $k$ is a positive constant and $f(x)$ a probability density function. This theory…

Physics and Society · Physics 2009-11-11 Silvio M. Duarte Queiros , Celia Anteneodo , Constantino Tsallis

We obtain the empirical strong law of large numbers, empirical Glivenko-Cantelli theorem, central limit theorem, functional central limit theorem for various nonparametric Bayesian priors which include the Dirichlet process with general…

Statistics Theory · Mathematics 2020-11-23 Yaozhong Hu , Junxi Zhang

Generalized Effective Field Theory (GEFT) is the non-renormalizable extension of an Effective Field Theory where the Wilson coefficients are endowed by their own, independent scale dependence. Such an effective theory can be constructed by…

High Energy Physics - Theory · Physics 2020-01-08 Nikos Irges , Fotis Koutroulis

Vector and scalar potential formulation is valid from quantum theory to classical electromagnetics. The rapid development in quantum optics calls for electromagnetic solutions that straddle quantum physics as well as classical physics. The…

Classical Physics · Physics 2016-11-25 Weng Cho Chew

Modern effective-theory techniques are applied to the nuclear many-body problem. A novel approach is proposed for the renormalization of operators in a manner consistent with the construction of the effective potential. To test this…

Nuclear Theory · Physics 2009-11-10 N. P. Mehta , C. Felline , J. R. Shepard , J. Piekarewicz