中文

How the rich get richer

物理与社会 2008-12-02 v1 综合金融

摘要

In our model, nn traders interact with each other and with a central bank; they are taxed on the money they make, some of which is dissipated away by corruption. A generic feature of our model is that the richest trader always wins by 'consuming' all the others: another is the existence of a threshold wealth, below which all traders go bankrupt. The two-trader case is examined in detail,in the socialist and capitalist limits, which generalise easily to n>2n>2. In its mean-field incarnation, our model exhibits a two-time-scale glassy dynamics, as well as an astonishing universality.When preference is given to local interactions in finite neighbourhoods,a novel feature emerges: instead of at most one overall winner in the system,finite numbers of winners emerge, each one the overlord of a particular region.The patterns formed by such winners (metastable states) are very much a consequence of initial conditions, so that the fate of the marketplace is ruled by its past history; hysteresis is thus also manifested.

关键词

引用

@article{arxiv.physics/0504121,
  title  = {How the rich get richer},
  author = {Anita Mehta and A. S. Majumdar and J. M. Luck},
  journal= {arXiv preprint arXiv:physics/0504121},
  year   = {2008}
}

备注

To appear in Proceedings of Econophys - Kolkata I: International Workshop on Econophysics of Wealth Distributions (Springer series on 'New Economic Windows')