Detailed simulation results for some wealth distribution models in Econophysics

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dc.creatorBhattacharya, K.
dc.creatorMukherjee, G.
dc.creatorManna, S. S.
dc.date2005-04-22
dc.date2006-05-19
dc.date.accessioned2026-07-07T12:07:33Z
dc.date.available2026-07-07T12:07:33Z
dc.descriptionIn this paper we present detailed simulation results on the wealth distribution model with quenched saving propensities. Unlike other wealth distribution models where the saving propensities are either zero or constant, this model is not found to be ergodic and self-averaging. The wealth distribution statistics with a single realization of quenched disorder is observed to be significantly different in nature from that of the statistics averaged over a large number of independent quenched configurations. The peculiarities in the single realization statistics refuses to vanish irrespective of whatever large sample size is used. This implies that previously observed Pareto law is essentially a convolution of the single member distributions.
dc.description9 pages, 6 figures
dc.identifierhttps://arxiv.org/abs/physics/0504161
dc.identifierhttp://arxiv.org/abs/physics/0504161
dc.identifierEconophysics of Wealth Distributions, ed. by A. Chatterjee, S. Yarlagadda and B. K. Chakrabarti, Springer, 2005
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/209005
dc.subjectPhysics and Society
dc.subjectGeneral Finance
dc.titleDetailed simulation results for some wealth distribution models in Econophysics
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