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We consider a one-dimensional system consisting of two infinite ideal fluids, with equal pressures but different temperatures T1 and T2, separated by an adiabatic movable piston whose mass M is much larger than the mass m of the fluid particles. This is the infinite version of the controversial...
Persistent link: https://www.econbiz.de/10011057853
The time evolution of the adiabatic piston problem and the consequences of its stochastic motion are investigated. The model is a one-dimensional piston of mass M separating two ideal fluids made of point particles with mass m⪡M. For infinite systems it is shown that the piston evolves very...
Persistent link: https://www.econbiz.de/10011064639
The Direct Simulation Monte Carlo (DSMC) method is used to simulate the flow of rarefied gases. In the Macroscopic Chemistry Method (MCM) for DSMC, chemical reaction rates calculated from local macroscopic flow properties are enforced in each cell. Unlike the standard total collision energy...
Persistent link: https://www.econbiz.de/10009447911
This paper studies the identification and estimation of the decision rules that in- dividuals use to determine their actions in games, based on a structural econo- metric model of non-equilibrium behavior in games. The model is based pri- marily on various notions of limited strategic reasoning,...
Persistent link: https://www.econbiz.de/10011995514
Purpose – New non-equilibrium systems theory is a very important theoretical and methodological base of survey and understanding of contemporary economic systems and processes. Equilibrium is considered one of the basic conditions of existence and evolution of natural and social systems,...
Persistent link: https://www.econbiz.de/10014743664
This paper reports on the use of multi-agent games to model financial markets. Our research employs multi-agent games to address three questions which are of great practical importance in quantitative finance: how profit opportunities may be identified, large price movements predicted, and...
Persistent link: https://www.econbiz.de/10005537754
In discussions on the rate of profit and its tendency to fall and its role in Marxist theory, a number of phrases are often employed without clarifying what these might really mean. Primary among these are such phrases as ‘the rate of profit must ultimately fall’ and ‘the counter-acting...
Persistent link: https://www.econbiz.de/10011163538
This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers. I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I...
Persistent link: https://www.econbiz.de/10011259243
The lecture notes give an introduction to some aspects of fluctuations in driven systems. First, a particularly straightforward derivation of fluctuation theorems and their relation to linear response will be given. Being particularly simple the derivation gives clear limitations on the regime...
Persistent link: https://www.econbiz.de/10011077858
We provide an example of a discrete-time Markov process on the three-dimensional infinite integer lattice with Zq-invariant Bernoulli-increments which has as local state space the cyclic group Zq. We show that the system has a unique invariant measure, but remarkably possesses an invariant set...
Persistent link: https://www.econbiz.de/10011209771