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Boltzmann-Gibbs Distribution of Fortune and Broken Time-Reversible Symmetry in Econodynamics | | P. Ao
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10 Jun 2005 | | Subject: | Physics and Society; Data Analysis, Statistics and Probability | physics.soc-ph physics.data-an | | Abstract: | Within the description of stochastic differential equations it is argued that the existence of Boltzmann-Gibbs type distribution in economy is independent of the time reversal symmetry in econodynamics. Both power law and exponential distributions can be accommodated by it. The demonstration is based on a mathematical structure discovered during a study in gene regulatory network dynamics. Further possible analogy between equilibrium economy and thermodynamics is explored. | | Source: | arXiv, physics/0506103 | | Services: | Forum | Review | PDF | Favorites | |
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