November 2012
Intermediate to advanced
178 pages
4h 30m
English
Content preview from Econophysics
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Chapter 4
Nonlinear Mechanisms of Generating Power Laws in Socioeconomic Systems
4.1 What are the Power Laws?
4.2 Are the Stock Market Returns Gaussian Distributed?
4.3 Something About the Richest People in the World
4.4 From the Smallest Towns to the Largest Cities
4.5 What Mark Have You Got Today?
4.6 Conclusion
References
4.1 What are the Power Laws?
Many of the things measured by the scientists have a typical size or “scale”—a typical value around which individual measurements are centered. The simplest examples are the heights of human beings, the speed of the cars (Newman, 2005), and the age of the pupils graduating the high school. In Figure 4.1 is plotted the distribution ...
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