Statistical Mechanics Approaches to Socioeconomic Behavior

Steven Durlauf

Working Papers from Santa Fe Institute

Abstract: This paper provides a unified framework for interpreting a wide range of interactions models which have appeared in the economics literature. A formalization taken from the statistical mechanics literature is shown to encompass a number of socioeconomic phenomena ranging from out of wedlock births to aggregate output to crime. The framework bears a close relationship to econometric models of discrete choice and therefore holds the potential for rendering interactions models estimable. A number of new applications of statistical mechanics to socioeconomic problems are suggested.

Keywords: Interactions models; socioeconomic behavior (search for similar items in EconPapers)
Date: 1996-08
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Citations: View citations in EconPapers (11)

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Working Paper: Statistical Mechanics Approaches to Socioeconomic Behavior (1996)
Working Paper: Statistical Mechanics Approaches to Socioeconomic Behavior (1996)
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