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Empirical distributions of wealth and income can be reproduced using simplified agent-based models of economic interactions, analogous to microscopic collisions of gas particles. Building upon these models of freely interacting agents, we…

Physics and Society · Physics 2020-03-10 Lennart Fernandes , Jacques Tempere

Opportunities, such as access to education or family background, shape income inequality by influencing the chances of economic success. Unequal opportunities create uncertainty about whether success is merit- or luck-based. We examine how…

General Economics · Economics 2025-03-03 Marcel Preuss , Germán Reyes , Jason Somerville , Joy Wu

Poverty maps are essential tools for governments and NGOs to track socioeconomic changes and adequately allocate infrastructure and services in places in need. Sensor and online crowd-sourced data combined with machine learning methods have…

Machine Learning · Computer Science 2023-04-07 Lisette Espín-Noboa , János Kertész , Márton Karsai

Humans, like all organisms, are subject to fundamental biophysical laws. Van Valen predicted that, because of zero-sum dynamics, all populations of all species in a given environment flux the same amount of energy on average. Damuth's…

Populations and Evolution · Quantitative Biology 2019-02-15 Joseph R. Burger , Vanessa P. Weinberger , Pablo A. Marquet

This study investigates the emergence of power-law and other concentrated distributions through a feedback loop model in crowd interactions. Agents act by their response functions to observations and external forces, while observations…

General Economics · Economics 2024-12-18 Jake J. Xia

While the use of spatial agent-based and individual-based models has flourished across many scientific disciplines, the complexities these models generate are often difficult to manage and quantify. This research reduces population-driven,…

Physics and Society · Physics 2021-08-24 John C. Stevenson

Advection of entities induced by gradients in attractant concentration fields is observed via diffusiophoresis in colloids and via chemotaxis in microorganisms. Mathematically, both diffusiophoresis and chemotaxis follow similar…

Populations and Evolution · Quantitative Biology 2024-10-07 Benjamin M. Alessio , Ankur Gupta

Human mobility has a significant impact on several layers of society, from infrastructural planning and economics to the spread of diseases and crime. Representing the system as a complex network, in which nodes are assigned to regions…

Physics and Society · Physics 2019-08-14 Gabriel Spadon , Andre C. P. L. F. de Carvalho , Jose F. Rodrigues-Jr , Luiz G. A. Alves

I introduce a new way of decomposing the evolution of the wealth distribution using a simple continuous time stochastic model, which separates the effects of mobility, savings, labor income, rates of return, demography, inheritance, and…

General Economics · Economics 2022-11-29 Thomas Blanchet

The massive amounts of geolocation data collected from mobile phone records has sparked an ongoing effort to understand and predict the mobility patterns of human beings. In this work, we study the extent to which social phenomena are…

Physics and Society · Physics 2016-11-18 Nicolas Ponieman , Alejo Salles , Carlos Sarraute

In order to describe the properties of the observed distribution of wealth in a population, most economic models rely on the existence of an asymptotic equilibrium state. In addition, the process generating the equilibrium distribution is…

Statistical Mechanics · Physics 2024-02-16 Valerio Astuti

It is known that asset exchange models with symmetric interaction between agents show either a Gibbs/log-normal distribution of assets among the agents or condensation of the entire wealth in the hands of a single agent, depending upon the…

Physics and Society · Physics 2008-12-02 Sitabhra Sinha

Econophysics provides a strategy for understanding the potential mechanisms underlying the anomalous distribution of wealth found in real societies. We present a computational nonlinear stochastic model for the distribution of wealth that…

Statistical Mechanics · Physics 2009-11-10 Nicola Scafetta , Bruce J. West , Sergio Picozzi

In capitalist societies, only a single right can be fully exerted without constraints of any kind: the limitless accumulation of wealth. Such imperative or prime axiom is the ultimate cause of the raising waves of inequalities observed…

Physics and Society · Physics 2025-01-16 Iago Nascimento Barros , Marcelo Lobato Martins

This paper presents an evolution model of weighted networks in which the structural growth and weight dynamics are driven by human behavior, i.e. passenger route choice behavior. Transportation networks grow due to people's increasing…

Physics and Society · Physics 2007-09-27 Yihong Hu , Daoli Zhu , Nianqu Zhu

The expression "wage transition" refers to the fact that over the past two or three decades in all developed economies wage increases have levelled off. There has been a widening divergence and decoupling between wages on the one hand and…

General Finance · Quantitative Finance 2017-02-01 Belal Baaquie , Bertrand M. Roehner , Qinghai Wang

The prevalence of wealth inequality propels us to characterize its origin and progression, via empirical and theoretical studies. The Yard-Sale(YS) model, in which a portion of the smaller wealth is transferred between two individuals,…

Physics and Society · Physics 2024-01-03 Hyun Gyu Lee , Deok-Sun Lee

Individual migration has been regarded as an important factor for the evolution of cooperation in mobile populations. Motivations of migration, however, can be largely divergent: one is highly frustrated by the vicinity of an exploiter or…

Physics and Society · Physics 2020-05-20 Zhilong Xiao , Xiaojie Chen , Attila Szolnoki

We discuss the distribution of commuting distances and its relation to income. Using data from Denmark, the UK, and the US, we show that the commuting distance is (i) broadly distributed with a slow decaying tail that can be fitted by a…

Physics and Society · Physics 2016-06-13 Giulia Carra , Ismir Mulalic , Mogens Fosgerau , Marc Barthelemy

Human mobility patterns are surprisingly structured. In spite of many hard to model factors, such as climate, culture, and socioeconomic opportunities, aggregate migration rates obey a universal, parameter-free, `radiation' model. Recent…