IPM Calendar 
Saturday 6 July 2024   Today  
Events for day: Thursday 02 November 2023    
           10:00 - 12:00     Weekly Seminar
Wealth distribution function, physical and economic models

School
BIOLOGICAL SCIENCES

The distribution of wealth and its dynamics have interested physicists and economists. The distribution exhibits scaling properties. For a long period of time, such a distribution has been power-law. Evidence shows that even back in ancient history, such a power-law property had persisted. A number of agent-based models which result in such a universal property have been proposed by physicists and economists. In this talk, we review the proposed models. We also analyze the related data for Iran.


This Seminar is free and open to the public