期刊
PHYSICS LETTERS A
卷 375, 期 6, 页码 966-973出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.physleta.2011.01.003
关键词
Statistical mechanics; Market; Money; Income; Econometrics; Financial crisis
资金
- Royal Society (London) [2009/R3]
- European Science Foundation
- AQDJJ
- EPSRC [EP/F005482/1]
- EPSRC [EP/F005482/1] Funding Source: UKRI
- Engineering and Physical Sciences Research Council [EP/F005482/1] Funding Source: researchfish
We show that statistical mechanics is useful in the description of financial crisis and economics. Taking a large amount of instant snapshots of a market over an interval of time we construct their ensembles and study their statistical interference. This results in a probability description of the market and gives capital, money, income, wealth and debt distributions, which in the most cases takes the form of the Bose-Einstein distribution. In addition, statistical mechanics provides the main market equations and laws which govern the correlations between the amount of money, debt, product, prices and number of retailers. We applied the found relations to a study of the evolution of the economics in USA between the years 1996 to 2008 and observe that over that time the income of a major population is well described by the Bose-Einstein distribution which parameters are different for each year. Each financial crisis corresponds to a peak in the absolute activity coefficient. The analysis correctly indicates the past crises and predicts the future one. (C) 2011 Elsevier B.V. All rights reserved.
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