Statistical mechanics of economics I

DOI10.1016/j.physleta.2011.01.003zbMath1242.91217OpenAlexW2125023938MaRDI QIDQ432846

J. Herrera, H. S. Yoon

Publication date: 4 July 2012

Published in: Physics Letters. A (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.physleta.2011.01.003

zbMATH Keywords

marketstatistical mechanicsmoneyfinancial crisisincomeeconometrics

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Statistical methods; risk measures (91G70) Microeconomic theory (price theory and economic markets) (91B24) Classical dynamic and nonequilibrium statistical mechanics (general) (82C05)

Related Items (3)

Universal laws of human society's income distribution ⋮ A model for the dynamic behavior of financial assets affected by news: the case of Tohoku-Kanto earthquake ⋮ Law of large numbers unifying Maxwell-Boltzmann, Bose-Einstein and Zipf-Mandelbrot distributions, and related fluctuations

Cites Work

• Prediction and Entropy of Printed English
• Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States

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