Mathematical modeling of probability distribution of money by means of potential formation

DOI10.1016/J.PHYSA.2022.127089OpenAlexW4213449872MaRDI QIDQ2128663FDOQ2128663

Authors: Nurken E. Aktaev, K. A. Bannova 

Publication date: 22 April 2022

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.physa.2022.127089

zbMATH Keywords

econophysicsFokker-Planck equationpotential fieldprobability distribution of moneyTornquist functionYakovenko model

Mathematics Subject Classification ID

Statistical mechanics, structure of matter (82-XX)

Cites Work

• On a kinetic model for a simple market economy
• A new model of income distribution: the \(\kappa \)-generalized distribution
• \(\kappa \)-generalized statistics in personal income distribution
• The distribution of income and wealth. Parametric modeling with the \(\kappa\)-generalized family
• Transfer potentials shape and equilibrate monetary systems
• A generalized statistical model for the size distribution of wealth
• Estimation of Lorenz curves based on dummy variable regression
• Model selection based on Lorenz and concentration curves, Gini indices and convex order
• Option pricing in illiquid markets: a fractional jump-diffusion approach
• Thermodynamics of markets
• Fractional econophysics: market price dynamics with memory effects
• The analysis of the dynamic optimization problem in econophysics from the point of view of the symplectic approach for constrained systems

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