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Influence of saving propensity on the power-law tail of the wealth distribution

Patriarca, Marco; Chakraborti, Anirban; Germano, Guido - In: Physica A: Statistical Mechanics and its Applications 369 (2006) 2, pp. 723-736

Some general features of statistical multi-agent economic models are reviewed, with particular attention to the dependence of the equilibrium wealth distribution on the agents’ saving propensities. It is shown that in a finite system of agents with a continuous saving propensity distribution a...

Persistent link: https://www.econbiz.de/10011060632

Econophysics review: I. Empirical facts

Chakraborti, Anirban; Toke, Ioane Muni; Patriarca, Marco; … - In: Quantitative Finance 11 (2011) 7, pp. 991-1012

under the term Econophysics. Since the name was coined in 1995 by merging the words 'Economics' and 'Physics', this new …, Mathematics, Economics and Finance that led to the emergence of Econophysics. We then present empirical studies revealing the … random matrix theory and graph theory are presented. The companion paper will review models in Econophysics from the point of …

Persistent link: https://www.econbiz.de/10009208270

Econophysics review: II. Agent-based models

Chakraborti, Anirban; Toke, Ioane Muni; Patriarca, Marco; … - In: Quantitative Finance 11 (2011) 7, pp. 1013-1041

heading Econophysics. In the first part, we reviewed the statistical properties of financial time series, the statistics … models in Econophysics from the point of view of agent-based modeling. Of the large number of multi-agent-based models, we …

Persistent link: https://www.econbiz.de/10009208355

Gibbs versus non-Gibbs distributions in money dynamics

Patriarca, Marco; Chakraborti, Anirban; Kaski, Kimmo - In: Physica A: Statistical Mechanics and its Applications 340 (2004) 1, pp. 334-339

We review a simple model of closed economy, where the economic agents make money transactions and a saving criterion is present. We observe the Gibbs distribution for zero saving propensity, and non-Gibbs distributions otherwise. While the exact solution in the case of zero saving propensity is...

Persistent link: https://www.econbiz.de/10010589648

Quantum Decision Theory and Complexity Modelling in Economics and Public Policy

Chakraborti, Anirban (ed.); Haven, Emmanuel (ed.); … - International Conference on Applications of Quantum … - 2023

volume builds upon the emerging fields of Econophysics, Complexity theory and Quantum like modelling in cognition and social …

Persistent link: https://www.econbiz.de/10014368646

Econophysics of income and wealth distributions

Chakrabarti, Bikas K.; Chakraborti, Anirban; … - 2013

exchange models that physicists have developed to tackle these issues. This is the first monograph in econophysics focussed on …

Persistent link: https://www.econbiz.de/10009778662

Study of statistical correlations in intraday and daily financial return time series

Tilak, Gayatri; Széll, Tamás; Chicheportiche, Rémy; … - In: Econophysics of systemic risk and network dynamics : …, (pp. 77-104). 2013

Persistent link: https://www.econbiz.de/10010211864

Limit order books

Abergel, Frédéric; Anane, Marouane; Chakraborti, Anirban - 2016

Persistent link: https://www.econbiz.de/10011454839

Econophysics of Order-driven Markets : proceedings of Econophys-Kolkata V

Abergel, Frédéric (ed.); Chakrabarti, Bikas K. (ed.); … - 2011 - 1., Edition

Persistent link: https://www.econbiz.de/10009311867

Econophysics of Order-driven Markets : Proceedings of Econophys-Kolkata V

Abergel, Frédéric - 2011

communities (physicists, economists, mathematicians, financial engineers) working in the field of "Econophysics", who have …. Some historical perspectives, comments and debates on recent issues in Econophysics research are also included …

Persistent link: https://www.econbiz.de/10014015297