Rating the raters has attracted extensive attention in recent years. Ratings are quite complex in that the subjective assessment and a number of criteria are involved in a rating system. Whenever the human judgment is a part of ratings, the inconsistency of ratings is the source of variance in...

As an aggregate measure of the variations in individuals, the analysis of mobility provides a substantial and comprehensive perspective into the complexity of socio-economic systems. In this paper, we introduced the ranking mobility index to measure the ranking variations of the stocks in...

We have studied the statistical mechanics of money circulation in a closed economic system. An explicit statistical formulation of the circulation velocity of money is presented for the first time by introducing the concept of holding time of money. The result indicates that the velocity is...

This paper considers the macroscopic and microscopic statistical features of the top 500 firms in China, the United States and the world, denoted as China 500 (CH500), Fortune 500 (US500) and Fortune Global 500 (FG500). From a macroscopic perspective, the firm size distribution of each category,...

The global economy is a complex dynamical system, whose cyclical fluctuations can mainly be characterized by simultaneous recessions or expansions of major economies. Thus, the researches on the synchronization phenomenon are key to understanding and controlling the dynamics of the global...

In this paper, we investigate the economic mobility in four money transfer models which have been applied into the research on wealth distribution. We demonstrate the mobility by recording the time series of agents’ ranks and observing their volatility. We also compare the mobility...

The distribution of Chinese family names is investigated based on data of the fifth national census of China in 2000, including 7329 Chinese family names and 1.28 billion people. The cumulative distribution function (CDF) of family name in multiple scales is presented and the correlation between...

Individual donation depends on personal wealth and individual willingness to donate. On the basis of a donation model proposed in our previous study, a simplified version of an individual donation model is derived by relaxing the restrictions of the maximum wealth in the economy. Thus, the whole...

By analyzing the data of top 500 Chinese firms from the year 2002 to 2007, we reveal that their revenues and ranks obey the Zipf’s law with exponent of 1 for each year. This result confirms the universality of firm size character which has been presented in many other empirical works, since...

In this paper, we propose an agent-based model to study the impact of asymmetric information on market evolution. In each period, buyers and sellers are randomly matched. The condition for the transaction being performed depends on the comparison between valuations of buyers and sellers on the...