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Random walk models, such as the trap model, continuous time random walks, and comb models exhibit weak ergodicity breaking, when the average waiting time is infinite. The open question is: what statistical mechanical theory replaces the…

统计力学 · 物理学 2007-05-23 Golan Bel , Eli Barkai

Optimization and expansion are two modes of staged evolution of complex systems where macroscopic observables change at a decreasing, respectively increasing, rate. A prime example of evolutionary expansion, Gross Domestic Product (GDP)…

物理与社会 · 物理学 2022-11-30 Paolo Sibani , Steen Rasmussen , Per Lyngs Hansen

The continuous time random walk (CTRW) model exhibits a non-ergodic phase when the average waiting time diverges. Using an analytical approach for the non-biased and the uniformly biased CTRWs, and numerical simulations for the CTRW in a…

统计力学 · 物理学 2009-11-11 Golan Bel , Eli Barkai

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…

计算机科学与博弈论 · 计算机科学 2022-09-16 Krishna Acharya , Eshwar Ram Arunachaleswaran , Sampath Kannan , Aaron Roth , Juba Ziani

We construct a model of an exchange economy in which agents trade assets contingent on an observable signal, the probability of which depends on public opinion. The agents in our model are replaced occasionally and each person updates…

理论经济学 · 经济学 2022-04-28 Jean-Philippe Bouchaud , Roger Farmer

In the framework of statistical mechanics the properties of macroscopic systems are deduced starting from the laws of their microscopic dynamics. One of the key assumptions in this procedure is the ergodic property, namely the equivalence…

统计力学 · 物理学 2024-01-09 Marco Baldovin , Raffaele Marino , Angelo Vulpiani

Survey data are widely used to study how income inequality, poverty, and welfare evolve over time. A common practice is to estimate the income distribution separately for each year, treating annual observations as independent…

计量经济学 · 经济学 2026-04-24 David Gunawan

A simple generative model of a foraging society generates significant wealth inequalities from identical agents on an equal opportunity landscape. These inequalities arise in both equilibrium and non-equilibrium regimes with some societies…

物理与社会 · 物理学 2021-11-01 John C. Stevenson

Anderson localization on random regular graphs (RRG) serves as a toy-model of many-body localization (MBL). We explore the transition for ergodicity to localization on RRG with large connectivity $m$. In the analytical part, we focus on the…

无序系统与神经网络 · 物理学 2023-10-12 Jan-Niklas Herre , Jonas F. Karcher , Konstantin S. Tikhonov , Alexander D. Mirlin

We investigate the nature and extent of reallocation occurring within the Indian income distribution, with a particular focus on the dynamics of the bottom of the distribution. Specifically, we use a stochastic model of Geometric Brownian…

计量经济学 · 经济学 2020-10-09 Anand Sahasranaman , Henrik Jeldtoft Jensen

Redistribution of resources within a group as a method to reduce wealth inequality is a current area of debate. The evolutionary path to or away from wealth sharing is also a subject of active research. In order to investigate effects and…

物理与社会 · 物理学 2023-05-30 John C. Stevenson

We examine the non-ergodic properties of scaled Brownian motion, a non-stationary stochastic process with a time dependent diffusivity of the form $D(t)\simeq t^{\alpha-1}$. We compute the ergodicity breaking parameter EB in the entire…

Reproductive success and survival are influenced by wealth in human populations. Wealth is transmitted to offsprings and strategies of transmission vary over time and among populations, the main variation being how equally wealth is…

物理与社会 · 物理学 2015-06-23 G. Augustins , L. Etienne , J-B. Ferdy , R. Ferrer , B. Godelle , E. Pitard , F. Rousset

Quantum many-body systems can exhibit distinct regimes where dynamics is either ergodic, dynamically exploring an extensive region of available state-space, or non-ergodic, where the dynamics may be restricted. An example is the many-body…

量子物理 · 物理学 2026-03-12 Venelin P. Pavlov , Peter A. Ivanov , Diego Porras , Charlie Nation

We investigate the relation between economic growth and equality in a modified version of the agent-based asset exchange model (AEM). The modified model is a driven system that for a range of parameter space is effectively ergodic in the…

综合金融 · 定量金融 2013-05-06 Kang Liu , N. Lubbers , W. Klein , J. Tobochnik , B. Boghosian , Harvey Gould

We suggest employing log-ergodic processes to simulate the velocity of money in an ergodic manner. Our approach sheds light on economic behavior, policy implications, and financial dynamics by maintaining long-term stability. By bridging…

综合金融 · 定量金融 2024-12-13 Kiarash Firouzi , Mohammad Jelodari Mamaghani

We analyze the household savings problem in a general setting where returns on assets, non-financial income and impatience are all state dependent and fluctuate over time. All three processes can be serially correlated and mutually…

理论经济学 · 经济学 2020-08-07 Qingyin Ma , John Stachurski , Alexis Akira Toda

This paper presents a physical perspective on the human migration phenomenon claiming that human social behaviors are somehow but not completely inspired by nature. Human displacement or migration in the world is highly affected by…

物理与社会 · 物理学 2022-01-19 Mina Ghanbari , Ghader Rezazadeh

We develop a model for the evolution of wealth in a non-conservative economic environment, extending a theory developed earlier by the authors. The model considers a system of rational agents interacting in a game theoretical framework.…

综合金融 · 定量金融 2015-06-19 Pierre Degond , Jian-Guo Liu , Christian Ringhofer

An equation for the evolution of the distribution of wealth in a population of economic agents making binary transactions with a constant total amount of "money" has recently been proposed by one of us (RLR). This equation takes the form of…

适应与自组织系统 · 物理学 2014-07-29 Yves Pomeau , Ricardo Lopez-Ruiz