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Temperature Measurement in Agent Systems
Christoph J. B\"orner, Ingo Hoffmann
https://arxiv.org/abs/2507.08394 https://arxiv.org…

Temperature Measurement in Agent Systems
Models for spin systems, known from statistical physics, are applied analogously in econometrics in the form of agent-based models. The models discussed in the econophysics literature all use the state variable $T$, which, in physics, represents the temperature of a system. However, there is little evidence on how temperature can be measured in econophysics, so that the models can be applied. Only in idealized capital market applications has the relationship between temperature and volatility b…