Application of the Deffuant model in money exchange
Mathematical Finance
2023-07-07 v1 Dynamical Systems
Probability
Abstract
A money transfer involves a buyer and a seller. A buyer buys goods or services from a seller. The money the buyer decreases is the same as that the seller increases. At each time step, a pair of socially connected agents are selected and transact in agreed money. We evolve the Deffuant model to a money exchange system and study circumstances under which asymptotic stability holds, or equal wealth can be achieved.
Cite
@article{arxiv.2307.02512,
title = {Application of the Deffuant model in money exchange},
author = {Hsin-Lun Li},
journal= {arXiv preprint arXiv:2307.02512},
year = {2023}
}
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5 pages