Mathematical modeling of probability distribution of money by means of potential formation

DOI10.1016/j.physa.2022.127089OpenAlexW4213449872MaRDI QIDQ2128663

Nurken E. Aktaev, K. A. Bannova

Publication date: 22 April 2022

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

Full work available at URL: https://doi.org/10.1016/j.physa.2022.127089

zbMATH Keywords

Fokker-Planck equationeconophysicspotential fieldprobability distribution of moneyTornquist functionYakovenko model

Mathematics Subject Classification ID

Statistical mechanics, structure of matter (82-XX)

Cites Work

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• Fractional econophysics: market price dynamics with memory effects
• Option pricing in illiquid markets: a fractional jump-diffusion approach
• On a kinetic model for a simple market economy
• The Distribution of Income and Wealth
• A generalized statistical model for the size distribution of wealth

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