Statistical equilibrium in simple exchange games I

@article{Scalas2006StatisticalEI,
  title={Statistical equilibrium in simple exchange games I},
  author={Enrico Scalas and U. Garibaldi and Stefania Donadio},
  journal={The European Physical Journal B - Condensed Matter and Complex Systems},
  year={2006},
  volume={53},
  pages={267-272}
}
Abstract.Simple stochastic exchange games are based on random allocation of finite resources. These games are Markov chains that can be studied either analytically or by Monte Carlo simulations. In particular, the equilibrium distribution can be derived either by direct diagonalization of the transition matrix, or using the detailed balance equation, or by Monte Carlo estimates. In this paper, these methods are introduced and applied to the Bennati-Dragulescu-Yakovenko (BDY) game. The exact… CONTINUE READING
BETA

Citations

Publications citing this paper.
SHOWING 1-10 OF 12 CITATIONS

References

Publications referenced by this paper.
SHOWING 1-6 OF 6 REFERENCES

A critical review, in Econophysics of Wealth Distribution, edited by A

T. Lux, Emergent statistical wealth distributions in simple monetar models
  • Chatterjee, S. Yarlagadda, B.K. Chakrabarti
  • 2005
VIEW 3 EXCERPTS

Interacting Particle Systems ( Springer , Berlin , 1985 ) 2 . J . Angle , Social Forces 65 , 293 ( 1986 ) 3 . J . Angle , J . Math . Soc . 21 , 325 ( 1996 ) 4

V. M. Yakovenko
  • Rivista Internazionale di Scienze Economiche e Commerciali
  • 1988

Similar Papers

Loading similar papers…