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Numerical Simulation of Entropy Growth for a Nonlinear Evolutionary Model of Random Markets
Joint Authors
Navidi, H. R.
Keshtkar, Mahdi
Shivanian, Elyas
Source
Advances in Mathematical Physics
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-3, 3 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-10-30
Country of Publication
Egypt
No. of Pages
3
Main Subjects
Abstract EN
In this communication, the generalized continuous economic model for random markets is revisited.
In this model for random markets, agents trade by pairs and exchange their money in a random and conservative way.
They display the exponential wealth distribution as asymptotic equilibrium, independently of the effectiveness of the transactions and of the limitation of the total wealth.
In the current work, entropy of mentioned model is defined and then some theorems on entropy growth of this evolutionary problem are given.
Furthermore, the entropy increasing by simulation on some numerical examples is verified.
American Psychological Association (APA)
Keshtkar, Mahdi& Navidi, H. R.& Shivanian, Elyas. 2016. Numerical Simulation of Entropy Growth for a Nonlinear Evolutionary Model of Random Markets. Advances in Mathematical Physics،Vol. 2016, no. 2016, pp.1-3.
https://search.emarefa.net/detail/BIM-1095794
Modern Language Association (MLA)
Keshtkar, Mahdi…[et al.]. Numerical Simulation of Entropy Growth for a Nonlinear Evolutionary Model of Random Markets. Advances in Mathematical Physics No. 2016 (2016), pp.1-3.
https://search.emarefa.net/detail/BIM-1095794
American Medical Association (AMA)
Keshtkar, Mahdi& Navidi, H. R.& Shivanian, Elyas. Numerical Simulation of Entropy Growth for a Nonlinear Evolutionary Model of Random Markets. Advances in Mathematical Physics. 2016. Vol. 2016, no. 2016, pp.1-3.
https://search.emarefa.net/detail/BIM-1095794
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1095794