Wednesday Colloquia
Econophysics of Income & Wealth Distributions in Societies
by Prof. Bikas K. Chakrabarti (Cond. Mat. Phys., Saha Inst. Nuclear Physics, Kolkata, Economic Res. Unit, Indian Statistical Institute, Kolkata)
Wednesday, December 8, 2010
from
to
(Asia/Kolkata)
at Colaba Campus ( AG-66 )
at Colaba Campus ( AG-66 )
Description |
Increasingly, a huge amount of statistics have been gathered which clearly indicates that income and wealth distributions in various countries or societies follow a robust pattern, close to the Gibbs distribution of energy in an ideal gas in equilibrium. However, it also deviates in the low income and more significantly for the high income ranges. Application of physics models provides illuminating ideas and understanding, complementing the observations. We intend to discuss these developments. We will also discuss briefly the extensions of these kinetic exchange models to collective opinion formations in societies and related spontaneous symmetry breaking transitions. |
Organised by | Nitin Chaudhari |