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arxiv: physics/0506103 · v1 · submitted 2005-06-10 · ⚛️ physics.soc-ph · physics.data-an· q-fin.ST

Boltzmann-Gibbs Distribution of Fortune and Broken Time-Reversible Symmetry in Econodynamics

classification ⚛️ physics.soc-ph physics.data-anq-fin.ST
keywords boltzmann-gibbsdistributioneconodynamicseconomysymmetryaccommodatedanalogyargued
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Within the description of stochastic differential equations it is argued that the existence of Boltzmann-Gibbs type distribution in economy is independent of the time reversal symmetry in econodynamics. Both power law and exponential distributions can be accommodated by it. The demonstration is based on a mathematical structure discovered during a study in gene regulatory network dynamics. Further possible analogy between equilibrium economy and thermodynamics is explored.

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