Economic Models with Chaotic Money Exchange

Details Economic Models with Chaotic Money Exchange Economic Models with Chaotic Money Exchange

2009-01-08

arxiv.org/abs/0901.1038v1

Nonlinear Sciences

Adaptation and Self-Organizing Systems

10 pages, 5 figures

Scientific paper

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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