Statistical equilibrium in simple exchange games I

Simple stochastic exchange games are based on random allocation of finite resources. These games are Markov chains that can be studied either analytically or by Monte Carlo simulations. In particular, the equilibrium distribution can be derived either by direct diagonalization of the transition matrix, or using the detailed balance equation, or by Monte Carlo estimates. In this paper, these methods are introduced and applied to the Bennati-Dragulescu-Yakovenko (BDY) game. The exact analysis shows that the statistical-mechanical analogies used in the previous literature have to be revised.Comment: 11 pages, 3 figures, submitted to EPJ

Gamma-distribution and wealth inequality

We discuss the equivalence between kinetic wealth-exchange models, in which agents exchange wealth during trades, and mechanical models of particles, exchanging energy during collisions. The universality of the underlying dynamics is shown both through a variational approach based on the minimization of the Boltzmann entropy and a complementary microscopic analysis of the collision dynamics of molecules in a gas. In various relevant cases the equilibrium distribution is the same for all these models, namely a gamma-distribution with suitably defined temperature and number of dimensions. This in turn allows one to quantify the inequalities observed in the wealth distributions and suggests that their origin should be traced back to very general underlying mechanisms: for instance, it follows that the smaller the fraction of the relevant quantity (e.g. wealth or energy) that agents can exchange during an interaction, the closer the corresponding equilibrium distribution is to a fair distribution.Comment: Presented to the International Workshop and Conference on: Statistical Physics Approaches to Multi-disciplinary Problems, January 07-13, 2008, IIT Guwahati, Indi

Relaxation in statistical many-agent economy models

We review some statistical many-agent models of economic and social systems inspired by microscopic molecular models and discuss their stochastic interpretation. We apply these models to wealth exchange in economics and study how the relaxation process depends on the parameters of the system, in particular on the saving propensities that define and diversify the agent profiles.Comment: Revised final version. 6 pages, 5 figure

EC70-1501 Entomology : Use Insecticides Safely

Extension Circular 70-1501 discusses the safe use of insecticides and is part of a series on entomology

EC70-1501 Entomology : Use Insecticides Safely

Extension Circular 70-1501 discusses the safe use of insecticides and is part of a series on entomology

Gator: a low-background counting facility at the Gran Sasso Underground Laboratory

A low-background germanium spectrometer has been installed and is being operated in an ultra-low background shield (the Gator facility) at the Gran Sasso underground laboratory in Italy (LNGS). With an integrated rate of ~0.16 events/min in the energy range between 100-2700 keV, the background is comparable to those of the world's most sensitive germanium detectors. After a detailed description of the facility, its background sources as well as the calibration and efficiency measurements are introduced. Two independent analysis methods are described and compared using examples from selected sample measurements. The Gator facility is used to screen materials for XENON, GERDA, and in the context of next-generation astroparticle physics facilities such as DARWIN.Comment: 14 pages, 6 figures, published versio