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- W2479415055 abstract "During the last decade, more and more systems studied in the social sciences were found to be described by power law statistical distributions. This class of distributions is fascinating for the physicist. The reason is that the most complex, collective phenomena do give rise to power laws, which are universal , that is to a large degree independent of the microscopic details of the phenomenon. The power laws emerge from the collective action and transcend individual specificities. Many systems, whose study is traditionally situated out of natural sciences, are in fact composed of many interacting agents; therefore, they are expected to exhibit power law behavior in their probability density functions. Some nonlinear mechanisms, which are derived from the statistical physics, turn out to be able to explain the power laws’ occurrence in various fields such as finance, macroeconomics, urbanism, and psychology." @default.
- W2479415055 created "2016-08-23" @default.
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- W2479415055 date "2013-01-01" @default.
- W2479415055 modified "2023-09-24" @default.
- W2479415055 title "Nonlinear Mechanisms of Generating Power Laws in Socioeconomic Systems" @default.
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- W2479415055 doi "https://doi.org/10.1016/b978-0-12-404626-9.00004-9" @default.
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