Kinetic exchange models of markets

Kinetic exchange models are multi-agent dynamic models inspired by the statistical physics of energy distribution, which try to explain the robust and universal features of income/wealth distributions. The most well known example is the yard-sale model.

Source: Wikipedia — Kinetic exchange models of markets (CC BY-SA 4.0)

Kinetic exchange models of markets

Kinetic exchange models are multi-agent dynamic models inspired by the statistical physics of energy distribution, which try to explain the robust and universal features of income/wealth distributions. The most well known example is the yard-sale model.

Source: Wikipedia "Kinetic exchange models of markets" · CC BY-SA 4.0

Share this article: X · Bluesky
Privacy Policy