EconPapers    
Economics at your fingertips  
 

Continuous transition from the extensive to the non-extensive statistics in an agent-based herding model

Aleksejus Kononovicius () and Julius Ruseckas

The European Physical Journal B: Condensed Matter and Complex Systems, 2014, vol. 87, issue 8, 1-7

Abstract: Systems with long-range interactions often exhibit power-law distributions and can by described by the non-extensive statistical mechanics framework proposed by Tsallis. In this contribution we consider a simple model reproducing continuous transition from the extensive to the non-extensive statistics. The considered model is composed of agents interacting among themselves on a certain network topology. To generate the underlying network we propose a new network formation algorithm, in which the mean degree scales sub-linearly with a number of nodes in the network (the scaling depends on a single parameter). By changing this parameter we are able to continuously transition from short-range to long-range interactions in the agent-based model. Copyright EDP Sciences, SIF, Springer-Verlag Berlin Heidelberg 2014

Keywords: Statistical and Nonlinear Physics (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://hdl.handle.net/10.1140/epjb/e2014-50349-0 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurphb:v:87:y:2014:i:8:p:1-7:10.1140/epjb/e2014-50349-0

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10051

DOI: 10.1140/epjb/e2014-50349-0

Access Statistics for this article

The European Physical Journal B: Condensed Matter and Complex Systems is currently edited by P. Hänggi and Angel Rubio

More articles in The European Physical Journal B: Condensed Matter and Complex Systems from Springer, EDP Sciences
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-20
Handle: RePEc:spr:eurphb:v:87:y:2014:i:8:p:1-7:10.1140/epjb/e2014-50349-0