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arxiv: 0901.1038 · v1 · submitted 2009-01-08 · 🌊 nlin.AO · physics.soc-ph· q-fin.TR· stat.AP

Economic Models with Chaotic Money Exchange

classification 🌊 nlin.AO physics.soc-phq-fin.TRstat.AP
keywords modelsmoneychaoticdifferenteconomicagentsamountasymptotic
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This paper presents a novel study on gas-like models for economic systems. The interacting agents and the amount of exchanged money at each trade are selected with different levels of randomness, from a purely random way to a more chaotic one. Depending on the interaction rules, these statistical models can present different asymptotic distributions of money in a community of individuals with a closed economy.

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