Econophysics, Statistical Mechanics Approach to
arXiv:0709.3662 · doi:10.1007/978-3-642-27737-5_169-2
Abstract
This is a review article for Encyclopedia of Complexity and System Science, to be published by Springer http://refworks.springer.com/complexity/. The paper reviews statistical models for money, wealth, and income distributions developed in the econophysics literature since late 1990s.
24 pages, 11 figures, 151 citations. V.2: one reference added. V.3: many minor corrections, some references added. V.4: many minor stylistic corrections incorporated after receiving the proofs
References in corpus (12)
- Agent-based Models of Financial Markets
- A study of the personal income distribution in Australia
- k-Generalized Statistics in Personal Income Distribution
- Statistical physics of the Schelling model of segregation
- The Power-law Tail Exponent of Income Distributions
- Response to Worrying Trends in Econophysics
- Generic features of the wealth distribution in ideal-gas-like markets
- Relaxation in statistical many-agent economy models
- Model of Wealth and Goods Dynamics in a Closed Market
- Kinetic market models with single commodity having price fluctuations
- Nonequilibrium Thermodynamics of Wealth Condensation
- A Natural Value Unit - Econophysics as Arbiter between Finance and Economics