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The exponential decay of the relative entropy associated to a fully discrete porous-medium equation in one space dimension is shown by means of a discrete Bakry-Emery approach. The first ingredient of the proof is an abstract discrete Bakry-Emery method, which states conditions on a sequence under which the exponential decay of the discrete entropy follows. The second ingredient is a new nonlinear summation-by-parts formula which is inspired by systematic integration by parts developed by Matthes and the first author. Numerical simulations illustrate the exponential decay of the entropy for various time and space step sizes.

*entropy*functional, faster than exponential for short times, and an asymptotically exponential convergence of positive solutions towards their average. The asymptotically exponential regime is valid for a larger range of parameters for all relevant cases of application: porous medium/fast diffusion, thin film and logarithmic fourth order nonlinear diffusion equations. The techniques are inspired by direct entropy-entropy production methods and based on appropriate Poincaré type inequalities.

A kinetic inhomogeneous Boltzmann-type equation is proposed to model the dynamics of the number of agents in a large market depending on the estimated value of an asset and the rationality of the agents. The interaction rules take into account the interplay of the agents with sources of public information, herding phenomena, and irrationality of the individuals. In the formal grazing collision limit, a nonlinear nonlocal Fokker-Planck equation with anisotropic (or incomplete) diffusion is derived. The existence of global-in-time weak solutions to the Fokker-Planck initial-boundary-value problem is proved. Numerical experiments for the Boltzmann equation highlight the importance of the reliability of public information in the formation of bubbles and crashes. The use of Bollinger bands in the simulations shows how herding may lead to strong trends with low volatility of the asset prices, but eventually also to abrupt corrections.

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