PERSISTENCE IN A RANDOM BOND ISING MODEL OF SOCIO-ECONO DYNAMICS

DOI10.1142/S012918310801198XMaRDI QIDQ3528675zbMATH OpenFDO

Authors

Publication date 17 October 2008

Published in International Journal of Modern Physics C (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/0709.1092

zbMATH Keywords

persistencenonequilibrium dynamicssociophysicsIsing modelsEconophysics

Mathematics Subject Classification ID

Models of societies, social and urban evolution (91D10) Applications of statistical and quantum mechanics to economics (econophysics) (91B80) Dynamic lattice systems (kinetic Ising, etc.) and systems on graphs in time-dependent statistical mechanics (82C20)

Abstract: We study the persistence phenomenon in a socio-econo dynamics model using computer simulations at a finite temperature on hypercubic lattices in dimensions up to 5. The model includes a ` social q local field which contains the magnetization at time $t$. The nearest neighbour quenched interactions are drawn from a binary distribution which is a function of the bond concentration, $p$. The decay of the persistence probability in the model depends on both the spatial dimension and $p$. We find no evidence of ` blocking q in this model. We also discuss the implications of our results for possible applications in the social and economic fields. It is suggested that the absence, or otherwise, of blocking could be used as a criterion to decide on the validity of a given model in different scenarios.

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Cites work

• Introduction to Econophysics
• Non-trivial exponents in the zero temperature dynamics of the 1D Ising and Potts models
• Persistence and dynamics in the ANNNI chain

Cited in

(2)

• Nonequilibrium phase transitions in a model with social influence of inflexible units
• PERSISTENCE IN THE ZERO-TEMPERATURE DYNAMICS OF THE Q-STATES POTTS MODEL ON UNDIRECTED-DIRECTED BARABÁSI–ALBERT NETWORKS AND ERDÖS–RÉNYI RANDOM GRAPHS

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