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We briefly review results on nonlinear kinetic equation of Boltzmann type which describe the evolution of wealth in a simple agents market. The mathematical structure of the underlying kinetic equatio...
Pareto and Boltzmann-Gibbs behaviors in a deterministic multi-agent system
Pareto Boltzmann-Gibbs multi-agent system
2010/12/13
A deterministic system of interacting agents is considered as a model for economic dynamics. The dynamics of the system is described by a coupled map lattice with near neighbor interactions. The evol...