Finance:Asset exchange model
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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
There are a number of models:[3]
- Additive asset exchange
- Multiplicative asset exchange
- Yard-sale model
- Bennati-Dragulescu-Yakovenko (BDY) game
See also
References
- ↑ Sinha, Sitabhra; Chatterjee, Arnab; Chakraborti, Anirban; Chakrabarti, Bikas K. (13 December 2010) (in en). Econophysics: An Introduction. John Wiley & Sons. p. 136. ISBN 978-3-527-40815-3. https://www.google.com/books/edition/Econophysics/4pGdegHs6MIC?h.
- ↑ Greenberg, Max; Gao, H. Oliver (June 2024). "Twenty-five years of random asset exchange modeling". The European Physical Journal B 97 (6). doi:10.1140/epjb/s10051-024-00695-3.
- ↑ Chakrabarti, Bikas K.; Chakraborti, Anirban; Chakravarty, Satya R.; Chatterjee, Arnab (7 March 2013) (in en). Econophysics of Income and Wealth Distributions. 3.2.5 Asset exchange models: Cambridge University Press. pp. 47–55. ISBN 978-1-139-61956-1. https://www.google.com/books/edition/Econophysics_of_Income_and_Wealth_Distri/LWAgAwAAQBAJ.
