Economic Models with Chaotic Money Exchange
classification
🌊 nlin.AO
physics.soc-phq-fin.TRstat.AP
keywords
modelsmoneychaoticdifferenteconomicagentsamountasymptotic
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This paper presents a novel study on gas-like models for economic systems. The interacting agents and the amount of exchanged money at each trade are selected with different levels of randomness, from a purely random way to a more chaotic one. Depending on the interaction rules, these statistical models can present different asymptotic distributions of money in a community of individuals with a closed economy.
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