Physics of Fashion Fluctuations

Details Physics of Fashion Fluctuations Physics of Fashion Fluctuations

2000-04-25

arxiv.org/abs/cond-mat/0004408v1

Physics

Condensed Matter

9 pages RevTeX, 5 Postscript figures

Scientific paper

10.1016/S0378-4371(00)00391-5

We consider a market where many agents trade many different types of products with each other. We model development of collective modes in this market, and quantify these by fluctuations that scale with time with a Hurst exponent of about 0.7. We demonstrate that individual products in the model occationally become globally accepted means of exchange, and simultaneously become very actively traded. Thus collective features similar to money spontaneously emerge, without any a priori reason.

Affiliated with

Also associated with

No associations

Rating

Physics of Fashion Fluctuations does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Physics of Fashion Fluctuations, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Physics of Fashion Fluctuations will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-473548