Volatility mixing in a networked wealth model neutralizes group-wise exponents and lowers the aggregate tail exponent, enabling a condensation transition across γ_c=2.
Bouchaud and M´ ezard [1] reported that a ran- dom network with a mean degree⟨k⟩= 4 exhibits a power-law tail
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Role of volatility mixing in wealth condensation transition
Volatility mixing in a networked wealth model neutralizes group-wise exponents and lowers the aggregate tail exponent, enabling a condensation transition across γ_c=2.