Social inequality manifested across different strata of human existence can be quantified in several ways. Here we compute non-entropic measures of inequality such as Lorenz curve, Gini index and the recently introduced k index analytically from known distribution functions. We characterize the...

This book provides the first comprehensive introduction to multi-agent, multi-choice repetitive games, such as the Kolkata Restaurant Problem and the Minority Game. It explains how the tangible formulations of these games, using stochastic strategies developed by statistical physicists employing...

Following the observations of the self-similarity in various length scales in the roughness of the fractured solid surfaces, we propose here a new model for the earthquake. We demonstrate rigorously that the contact area distribution between two fractal surfaces follows a unique power law. This...

In the current situation of the energy crisis, the mining industry has been identified as a promising area for application of demand side management (DSM) techniques. This paper investigates the potential for energy-cost savings and actual energy savings, by implementation of variable speed...

We show that there is a common mode of origin for the power laws observed in two different models: (i) the Pareto law for the distribution of money among the agents with random-saving propensities in an ideal gas-like market model and (ii) the Gutenberg–Richter law for the distribution of...