846 research outputs found

    Directed Random Market: the equilibrium distribution

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    We find the explicit expression for the equilibrium wealth distribution of the Directed Random Market process, recently introduced by Mart\'inez-Mart\'inez and L\'opez-Ruiz, which turns out to be a Gamma distribution with shape parameter 12\frac{1}{2}. We also prove the convergence of the discrete-time process describing the evolution of the distribution of wealth to the equilibrium distribution

    Synchronization in model networks of class I neurons

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    We study a modification of the Hoppensteadt-Izhikevich canonical model for networks of class I neurons, in which the 'pulse' emitted by a neuron is smooth rather than a delta-function. We prove two types of results about synchronization and desynchronization of such networks, the first type pertaining to 'pulse' functions which are symmetric, and the other type in the regime in which each neuron is connected to many other neurons

    The Immediate Exchange model: an analytical investigation

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    We study the Immediate Exchange model, recently introduced by Heinsalu and Patriarca [Eur. Phys. J. B 87: 170 (2014)], who showed by simulations that the wealth distribution in this model converges to a Gamma distribution with shape parameter 22. Here we justify this conclusion analytically, in the infinite-population limit. An infinite-population version of the model is derived, describing the evolution of the wealth distribution in terms of iterations of a nonlinear operator on the space of probability densities. It is proved that the Gamma distributions with shape parameter 22 are fixed points of this operator, and that, starting with an arbitrary wealth distribution, the process converges to one of these fixed points. We also discuss the mixed model introduced in the same paper, in which exchanges are either bidirectional or unidirectional with fixed probability. We prove that, although, as found by Heinsalu and Patriarca, the equilibrium distribution can be closely fit by Gamma distributions, the equilibrium distribution for this model is {\it{not}} a Gamma distribution
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