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19 April 2024

» arxiv » physics/0510038

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A common origin of the power law distributions in models of market and earthquake
Pratip Bhattacharyya ; Arnab Chatterjee ; Bikas K Chakrabarti ;
Date:	5 Oct 2005
Subject:	Physics and Society; Statistical Mechanics \| physics.soc-ph cond-mat.stat-mech
Abstract:	We show here that the Pareto power law distribution observed in an ideal gas-like trading market model (with random saving propensity of its agents) and the Gutenberg-Richter like distribution for the overlap measure between two Cantor sets (as one moves uniformly over the other in a dynamical model of earthquakes) have a common origin. The identification of this common generic origin helps in developing generalized views and understanding of such diverse phenomena.
Source:	arXiv, physics/0510038
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