Economics, Econometrics and Finance
6 years ago

New wealth distribution model reveals hidden inequalities in economic systems.

Physica A Statistical Mechanics and its Applications
A new<mml:math xmlns:mml="http://www.w3.org/1998/Math/MathML" display="inline" overflow="scroll" id="d1e332" altimg="si89.gif"><mml:mi>κ</mml:mi></mml:math>-deformed parametric model for the size distribution of wealth
Adams Vallejos, Ignacio Ormazábal, F. A. Borotto, H. F. Astudillo

Paper Summary

A new statistical model has been developed to better understand how wealth is distributed among different groups of people. This model is based on a mixture of Gamma distributions and introduces a new shape parameter to accurately represent the distribution of wealth in various scenarios. The researchers found that this new model can effectively capture the range of wealth distribution in complex economic systems.

Related papers

8 years ago

Unlocking the Secrets of Exponential Growth: Changing the Game Forever

Theme background image
Mathematics
8 years ago

New formulas unlock secrets of exponential and logarithmic series in math.

Zeta Values
Orthogonal Polynomials
Combinatorial Mathematics
Theme background image
Computer Science
8 years ago

Algorithm transforms network performance analysis with exponential mixture distribution fitting.

Congestion Control
Optical Communication
Call Center Management