Finite size effect in EZ model

Yan Bo Xie, Bing Hong Wang, Hong Jun Quan, Wei Song Yang, Wei Ning Wang

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

The finite size effect in the Eguiluz-Zimmermann (EZ) model is studied. It is found that the finite size effect is very impor-tant if the number of the agents N is large enough and the probability of trading among the agents is small enough: a≪1/N. In this case, the model becomes almost a big single cluster system that includes almost all the agents. For the small clusters, the size distribution can still satisfy a power law. However, the exponent will change due to the fluctuation effect. For a≫1/N, it can be proved that the fluctuation effect is not important, hence the mean field theory is correct.

Original languageEnglish
Pages (from-to)2399-2403
Number of pages5
JournalWuli Xuebao/Acta Physica Sinica
Volume52
Issue number10
StatePublished - 2003
Externally publishedYes

Keywords

  • EZ model
  • Finite size effect
  • Fluctuation
  • Mean field theory

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