| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5102385 | Physica A: Statistical Mechanics and its Applications | 2018 | 8 Pages |
Abstract
In the limit of infinite number of nodes (agents), the Itô-reduced Bouchaud-Mézard network model of economic exchange has a time-independent mean and a steady-state inverse gamma distribution. We show that for a finite number of nodes the mean is actually distributed as a time-dependent lognormal and inverse gamma is quasi-stationary, with the time-dependent scale parameter.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Zhiyuan Liu, R.A. Serota,