Boltzmann legacy and wealth distribution
classification
❄️ cond-mat.stat-mech
physics.soc-phq-fin.GN
keywords
kineticboltzmannsimplewealthagentsallowsbrieflydescribe
read the original abstract
We briefly review results on nonlinear kinetic equation of Boltzmann type which describe the evolution of wealth in a simple agents market. The mathematical structure of the underlying kinetic equations allows to use well-known techniques of wide use in kinetic theory of rarefied gases to obtain information on the process of relaxation to a stationary profile, as well as to identify simple interaction rules which are responsible of the formation of Pareto tails.
This paper has not been read by Pith yet.
discussion (0)
Sign in with ORCID, Apple, or X to comment. Anyone can read and Pith papers without signing in.