Asset exchange model
In econophysics, asset exchange models (AEM) are models that simulate how wealth is distributed through asset transactions.[1]
AEMs illustrate inequality as an emergent property of systems of stochastically interacting agents.[2]
List of models
[edit]There are several models including Additive asset exchange, Multiplicative asset exchange, Yard-sale model, and Bennati-Dragulescu-Yakovenko (BDY) game.[3]
See also
[edit]References
[edit]- ↑ Sinha, Sitabhra; Chatterjee, Arnab; Chakraborti, Anirban; Chakrabarti, Bikas K. (13 December 2010). Econophysics: An Introduction. John Wiley & Sons. p. 136. ISBN 978-3-527-40815-3.
- ↑ Greenberg, Max; Gao, H. Oliver (June 2024). "Twenty-five years of random asset exchange modeling". The European Physical Journal B. 97 (6) 69. doi:10.1140/epjb/s10051-024-00695-3.
- ↑ Chakrabarti, Bikas K.; Chakraborti, Anirban; Chakravarty, Satya R.; Chatterjee, Arnab (7 March 2013). Econophysics of Income and Wealth Distributions. 3.2.5 Asset exchange models: Cambridge University Press. pp. 47–55. ISBN 978-1-139-61956-1.
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