Anomalous diffusion in Gibbsian-breaking of wealth distributions

Authors

  • Wan Abdullah W.A.T
  • Khidzir S.M.

DOI:

https://doi.org/10.22452/mjs.vol29no2.8

Abstract

In a conservative system, energy equipartition results in a Boltzmann-Gibbs distribution. This is also expected in an ergodic kinetic economy if wealth is conserved. Empirical data however has shown the existence of a regime with a power law distribution. In models albeit with conservative wealth, we show that this arises due to anomalous diffusion.

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Published

26-08-2010

Issue

Vol. 29 No. 2 (2010)

Section

Original Articles

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How to Cite

Anomalous diffusion in Gibbsian-breaking of wealth distributions. (2010). Malaysian Journal of Science (MJS), 29(2), 167-173. https://doi.org/10.22452/mjs.vol29no2.8