Baaquie, Belal E.; Du, Xin; Tanputraman, Winson - In: Physica A: Statistical Mechanics and its Applications 428 (2015) C, pp. 19-37
A statistical generalization of microeconomics has been made in Baaquie (2013), where the market price of every traded commodity, at each instant of time, is considered to be an independent random variable. The dynamics of commodity market prices is modeled by an action functional–and the...