In simulations of some economic gas-like models, the asymptotic regime shows an exponential wealth distribution, independently of the initial wealth distribution given to the system. The appearance of this statistical equilibrium for this type of gas-like models is explained in a rigorous analytical way. Exponential (Gibbs) distribution is ubiquitous in ...Download Now
A step by step procedure to derive analytically the exact dynamical evolution equations of the Probability Density Functions (PDF) of well known kinetic wealth exchange economic models is shown. This technique gives a dynamical insight into the evolution of the PDF, e.g., allowing the calculation of its relaxation times. Their ...Download Now
The aim of this paper is to explore herding behavior among investors in order to determine its component factors and identify relationships among them. Using the herding intensity measure developed by Patterson and Sharma (2006) with an intraday frequency dataset, and other variables such as return and market sentiment, the ...Download Now
Increased attention to the economic impact of Information and Communication Technologies (ICT) underscores the impact of ICT on the social side of the "Digital divide." ICT and individual and organizational changes are often closely related. This paper examines the main characteristics of the relationship between ICT and human resources in ...Download Now
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