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

DOI10.1016/J.PHYSA.2022.127089MaRDI QIDQ2128663zbMATH OpenOpenAlexFDO

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

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

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