Modelling a Market Society with Stochastically Varying Money Exchange Frequencies

We propose and examine a model expressed by stochastic differential equations for the evolution of a complex system. We refer in particular to a market society, in which the state of each individual is identified by the amount of money at his/her disposal. The evolution of such a system over time is...

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Bibliographic Details
Main Authors: Maria Letizia Bertotti, Bruno Carbonaro, Marco Menale
Format: Article
Language:English
Published: MDPI AG 2023-09-01
Series:Symmetry
Subjects:
Online Access:https://www.mdpi.com/2073-8994/15/9/1751