Introducing Chaos in Economic Gas-like Models

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dc.creatorPellicer-Lostao, C.
dc.creatorLopez-Ruiz, R.
dc.date2009-04-02
dc.date.accessioned2026-07-07T12:59:34Z
dc.date.available2026-07-07T12:59:34Z
dc.descriptionThis paper considers ideal gas-like models of trading markets, where each agent is identified as a gas molecule that interacts with others trading in elastic or money-conservative collisions. Traditionally, these models introduce different rules of random selection and exchange between pair agents. Unlike these traditional models, this work introduces a chaotic procedure able of breaking the pairing symmetry of agents (i,j)->(j,i). Its results show that, the asymptotic money distributions of a market under chaotic evolution can exhibit a transition from Gibbs to Pareto distributions, as the pairing symmetry is progressively broken.
dc.description8 pages, 4 figures, 2 tables
dc.identifierhttps://arxiv.org/abs/0904.0344
dc.identifierhttp://arxiv.org/abs/0904.0344
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/225613
dc.subjectTrading and Market Microstructure
dc.subjectStatistical Mechanics
dc.subjectChaotic Dynamics
dc.titleIntroducing Chaos in Economic Gas-like Models
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