Stability of money: Phase transitions in an Ising economy

DOI10.1016/S0378-4371(02)01218-9zbMath1001.91073arXivcond-mat/0110201MaRDI QIDQ1847463

Friedrich Wagner, Stefan Bornholdt

Publication date: 26 November 2002

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/cond-mat/0110201

zbMATH Keywords

phase transitiondynamical variablehierarchical Cayley-tree network structure

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Lattice systems (Ising, dimer, Potts, etc.) and systems on graphs arising in equilibrium statistical mechanics (82B20)

Related Items (4)

Crash forecasting in the Korean stock market based on the log-periodic structure and pattern recognition ⋮ Multiscale multifractal DCCA and complexity behaviors of return intervals for Potts price model ⋮ An Ising spin-based model to explore efficient flexibility in distributed power systems ⋮ Annealed Ising model on configuration models

Cites Work

• Unnamed Item
• Money as a medium of exchange in an economy with artificially intelligent agents
• Experimental evidence on money as a medium of exchange
• Learning to speculate: Experiments with artificial and real agents
• Potts model on a Cayley tree and logistic equation
• New order parameters in the Potts model on a Cayley tree
• Money and Goldstone modes
• Equation of State Calculations by Fast Computing Machines
• Time-Dependent Statistics of the Ising Model
• Statistical theory of superlattices

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