Statistical model with a standard Gamma distribution

M. Patriarca, A. Chakroborti, K. Kaski

    Research output: Contribution to journalArticleScientificpeer-review

    80 Citations (Scopus)

    Abstract

    A statistical model consisting of N basic units which interact with each other by exchanging a physical entity, according to a given microscope law, was discussed. The generalized model was characterized by N agents carrying out transactions according to a given criterion. It was suggested that the model can be interpreted as a simple closed economy in which economic agents trade money and a saving criterion is fixed by the saving propensity λ. It was shown that the model can also be interpreted as a perfect gas at an effective temperature T(λ), where particles exchange energy in a space with an effective dimension D(λ)
    Original languageEnglish
    Article number016104
    Number of pages5
    JournalPhysical Review E
    Volume70
    Issue number1 Part 2
    DOIs
    Publication statusPublished - 2004
    MoE publication typeA1 Journal article-refereed

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