Statistical Mechanics Approaches to Socioeconomic Behavior
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.Download Info
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Technical Working Papers with number 0203.Length:
Date of creation: Sep 1996
Date of revision:
Handle: RePEc:nbr:nberte:0203
Note: EFG LS
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Keywords:Other versions of this item:
- Steven N. Durlauf, 1996. "Statistical Mechanics Approaches to Socioeconomic Behavior," Working Papers 96-08-069, Santa Fe Institute.
- D1 - Microeconomics - - Household Behavior
- I3 - Health, Education, and Welfare - - Welfare and Poverty
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References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- H. Tordjman, 1998. "Some General Questions About Markets," Working Papers ir98025, International Institute for Applied Systems Analysis.
- Opolot, Daniel, 2012. "Social interactions and complex networks," UNU-MERIT Working Paper Series 014, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology.
- Canning, D. & Amaral, L. A. N. & Lee, Y. & Meyer, M. & Stanley, H. E., 1998. "Scaling the volatility of GDP growth rates," Economics Letters, Elsevier, vol. 60(3), pages 335-341, September.
- Scott E. Page, 1998. "Uncertainty, Difficulty, and Complexity," Research in Economics 98-08-076e, Santa Fe Institute.
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