A common origin of the power law distributions in models of market and earthquake Export

@misc{citeulike:343100, abstract = {We show here that the Pareto power law distribution observed in an ideal gas-like trading market model (with random saving propensity of its agents) and the Gutenberg-Richter like distribution for the overlap measure between two Cantor sets (as one moves uniformly over the other in a dynamical model of earthquakes) have a common origin. The identification of this common generic origin helps in developing generalized views and understanding of such diverse phenomena.}, archivePrefix = {arXiv}, author = {Bhattacharyya, Pratip and Chatterjee, Arnab and Chakrabarti, Bikas K.}, citeulike-article-id = {343100}, citeulike-linkout-0 = {http://arxiv.org/abs/physics/0510038}, citeulike-linkout-1 = {http://arxiv.org/pdf/physics/0510038}, day = {5}, eprint = {physics/0510038}, keywords = {economics, econophysics, markets, powerlaws}, month = {Oct}, posted-at = {2005-10-07 05:36:48}, priority = {2}, title = {A common origin of the power law distributions in models of market and earthquake}, url = {http://arxiv.org/abs/physics/0510038}, year = {2005} }

TY - ELEC ID - citeulike:343100 L3 - citeulike-article-id:343100 N2 - We show here that the Pareto power law distribution observed in an ideal gas-like trading market model (with random saving propensity of its agents) and the Gutenberg-Richter like distribution for the overlap measure between two Cantor sets (as one moves uniformly over the other in a dynamical model of earthquakes) have a common origin. The identification of this common generic origin helps in developing generalized views and understanding of such diverse phenomena. TI - A common origin of the power law distributions in models of market and earthquake KW - economics KW - econophysics KW - markets KW - powerlaws AU - Bhattacharyya, Pratip AU - Chatterjee, Arnab AU - Chakrabarti, Bikas PY - 2005/Oct/05/ UR - http://arxiv.org/abs/physics/0510038 ER -