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Statistical Mechanics Approaches to Socioeconomic Behavior

  • Steven N. Durlauf

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.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Technical Working Papers with number 0203.

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Date of creation: Sep 1996
Date of revision:
Handle: RePEc:nbr:nberte:0203
Note: EFG LS
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