The impact of stochastic resetting on resource allocation: The case of Reallocating geometric Brownian motion
Fuente:
arXiv
Guardado en:
| Autores principales: | , , , , , |
|---|---|
| Formato: | Preprint |
| Publicado: |
2024
|
| Materias: | |
| Acceso en línea: | |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| _version_ | 1866912126458658816 |
|---|---|
| author | Jolakoski, Petar Trajanovski, Pece Pal, Arnab Stojkoski, Viktor Kocarev, Ljupco Sandev, Trifce |
| author_facet | Jolakoski, Petar Trajanovski, Pece Pal, Arnab Stojkoski, Viktor Kocarev, Ljupco Sandev, Trifce |
| contents | We study the effects of stochastic resetting on the Reallocating geometric Brownian motion (RGBM), an established model for resource redistribution relevant to systems such as population dynamics, evolutionary processes, economic activity, and even cosmology. The RGBM model is inherently non-stationary and non-ergodic, leading to complex resource redistribution dynamics. By introducing stochastic resetting, which periodically returns the system to a predetermined state, we examine how this mechanism modifies RGBM behavior. Our analysis uncovers distinct long-term regimes determined by the interplay between the resetting rate, the strength of resource redistribution, and standard geometric Brownian motion parameters: the drift and the noise amplitude. Notably, we identify a critical resetting rate beyond which the self-averaging time becomes effectively infinite. In this regime, the first two moments are stationary, indicating a stabilized distribution of an initially unstable, mean-repulsive process. We demonstrate that optimal resetting can effectively balance growth and redistribution, reducing inequality in the resource distribution. These findings help us understand better the management of resource dynamics in uncertain environments. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2411_12390 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | The impact of stochastic resetting on resource allocation: The case of Reallocating geometric Brownian motion Jolakoski, Petar Trajanovski, Pece Pal, Arnab Stojkoski, Viktor Kocarev, Ljupco Sandev, Trifce Statistical Mechanics We study the effects of stochastic resetting on the Reallocating geometric Brownian motion (RGBM), an established model for resource redistribution relevant to systems such as population dynamics, evolutionary processes, economic activity, and even cosmology. The RGBM model is inherently non-stationary and non-ergodic, leading to complex resource redistribution dynamics. By introducing stochastic resetting, which periodically returns the system to a predetermined state, we examine how this mechanism modifies RGBM behavior. Our analysis uncovers distinct long-term regimes determined by the interplay between the resetting rate, the strength of resource redistribution, and standard geometric Brownian motion parameters: the drift and the noise amplitude. Notably, we identify a critical resetting rate beyond which the self-averaging time becomes effectively infinite. In this regime, the first two moments are stationary, indicating a stabilized distribution of an initially unstable, mean-repulsive process. We demonstrate that optimal resetting can effectively balance growth and redistribution, reducing inequality in the resource distribution. These findings help us understand better the management of resource dynamics in uncertain environments. |
| title | The impact of stochastic resetting on resource allocation: The case of Reallocating geometric Brownian motion |
| topic | Statistical Mechanics |
| url | https://arxiv.org/abs/2411.12390 |