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TRAFST Vol.7 No.2 pp. 108-115

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Analysis of Economic Mechanism Using Distribution Functions

Takayuki MIZUNO*1,*2

*1National Institute of Informatics, 2-1-2 Hitotsubashi, Chiyoda-ku, Tokyo

*2Graduate University for Advanced Studies (Sokendai), 2-1-2 Hitotsubashi, Chiyoda-ku, Tokyo

Received:
9 July 2013
Accepted:
8 August 2013
Published:
October 15, 2013
Creative Commons License
Keywords:
normal distribution, exponential distribution, power-law distribution, central limit theorem, stable distribution
Abstract

One of the characteristic analytical methods in Econophysics is observation of distribution function of an economic phenomenon. By comparing the distribution function with a normal distribution, we can find the correlation structure hiding in the phenomenon through Lindeberg’s central limit theorem and the generalized (stable distribution) central limit theorem. We introduce some examples of research which used the distribution function for the phenomena of financial markets, real estate markets, an online product market, and a retail market.

Cite this article as:
T. MIZUNO, “Analysis of Economic Mechanism Using Distribution Functions,” , Vol.7, No.2, pp. 108-115, 2013.
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Creative Commons License  This article is published under a Creative Commons Attribution-NoDerivatives 4.0 Internationa License.

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Last updated on Aug. 05, 2022