Application of the Fermi function in money exchange
Dynamical Systems
2024-09-04 v2 Probability
Abstract
In a money exchange process involving a seller and a buyer, we develop a straightforward model encompassing conservative, non-conservative, and systems with or without debt. Our model integrates the Fermi function to capture the behavior of buyers and sellers. Under certain circumstances, we identify an equation that marks the phase transition between a stable equal wealth state across all connected social graphs and an unstable equal wealth state in some connected social graph.
Keywords
Cite
@article{arxiv.2307.01617,
title = {Application of the Fermi function in money exchange},
author = {Hsin-Lun Li},
journal= {arXiv preprint arXiv:2307.01617},
year = {2024}
}
Comments
5 pages