arXiv subjects

Ning Ding

Publications and source records attributed to Ning Ding.

200 records · Page 12Linked to original sources

arXiv2005

Effects of Saving and Spending Patterns on Holding Time Distribution

The effects of saving and spending patterns on holding time distribution of money are investigated based on the ideal gas-like models. We show the steady-state distribution obeys an exponential law when the saving factor is set uniformly, and a power law when the saving factor is set diversely. The power distribution can also be obtained by proposing a new model where the preferential spending behavior is considered. The association of the distribution with the probability of money to be exchanged has also been discussed.

physics.soc-ph↗

arXiv2005

Power-Law Distributions in Circulating Money: Effect of Preferential Behavior

We introduce preferential behavior into the study on statistical mechanics of money circulation. The computer simulation results show that the preferential behavior can lead to power laws on distributions over both holding time and amount of money held by agents. However, some constraints are needed in generation mechanism to ensure the robustness of power-law distributions.

physics.soc-ph↗