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Simple agent based exchange models are a commonplace in the study of wealth distribution of artificial societies. Generally, each agent is characterized by its wealth and by a risk-aversion factor, and random exchanges between agents allow…

适应与自组织系统 · 物理学 2009-11-11 G. M. Caon , S. Goncalves , J. R. Iglesias

We consider a simple theoretical model to investigate the impact of inheritances on the wealth distribution. Wealth is described as a finite resource, which remains constant over different generations and is divided equally among offspring.…

物理与社会 · 物理学 2021-11-17 Pedro Patrício , Nuno A. M. Araújo

A simple generative model of a foraging society generates significant wealth inequalities from identical agents on an equal opportunity landscape. These inequalities arise in both equilibrium and non-equilibrium regimes with some societies…

物理与社会 · 物理学 2021-11-01 John C. Stevenson

Wealth distribution is a complex and critical aspect of any society. Information exchange is considered to have played a role in shaping wealth distribution patterns, but the specific dynamic mechanism is still unclear. In this research, we…

计算机视觉与模式识别 · 计算机科学 2023-04-04 Yang Shao , Hirokazu Atsumori , Tadayuki Matsumura , Kanako Esaki , Shunsuke Minusa , Hiroyuki Mizuno

We present a model in which we investigate the structure and evolution of a random network that connects agents capable of exchanging wealth. Economic interactions between neighbors can occur only if the difference between their wealth is…

物理与社会 · 物理学 2015-06-19 A. Agreda , K. Tucci

Different models to study the wealth distribution in an artificial society have considered a transactional dynamics as the driving force. Those models include a risk aversion factor, but also a finite probability of favoring the poorer…

物理与社会 · 物理学 2009-11-11 M. A. Fuentes , M. N. Kuperman , J. R. Iglesias

We formulate a flexible micro-to-macro kinetic model which is able to explain the emergence of income profiles out of a whole of individual economic interactions. The model is expressed by a system of several nonlinear differential…

经济学 · 定量金融 2016-11-28 Maria Letizia Bertotti , Giovanni Modanese

Income and wealth allocation are foundational components of how economies operate. These are complex distributions, and it is hard to get a real sense for their dynamics using simplifications like average or median. One metric that…

综合经济学 · 经济学 2023-04-21 Dave Costenaro

We study an agent-based model of evolution of wealth distribution in a macro-economic system. The evolution is driven by multiplicative stochastic fluctuations governed by the law of proportionate growth and interactions between agents. We…

物理与社会 · 物理学 2019-11-22 Zdzislaw Burda , Pawel Wojcieszak , Konrad Zuchniak

Social and economic inequality is a plague of the XXI Century. It is continuously widening, as the wealth of a relatively small group increases and, therefore, the rest of the world shares a shrinking fraction of resources. This situation…

综合金融 · 定量金融 2021-02-03 José Roberto Iglesias , Ben-Hur Francisco Cardoso , Sebastián Gonçalves

Transactions are an important aspect of human social life, and represent dynamic flow of information, intangible values, such as trust, as well as monetary and social capital. Although much research has been conducted on the nature of…

计算机科学与博弈论 · 计算机科学 2025-05-23 Mayank Kejriwal , Yuesheng Luo

When group members claim a portion of limited resources, it is tempting to invest more effort to get a larger share. However, if everyone acts similarly, they all get the same piece they would obtain without extra effort. This is the…

物理与社会 · 物理学 2022-06-15 Chaoqian Wang , Attila Szolnoki

Reducing wealth inequality and increasing utility are critical issues. This study reveals the effects of redistribution and consumption morals on wealth inequality and utility. To this end, we present a novel approach that couples the…

综合经济学 · 经济学 2025-04-21 Takeshi Kato , Yosuke Tanabe , Mohammad Rezoanul Hoque

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,…

物理与社会 · 物理学 2024-01-03 Hyun Gyu Lee , Deok-Sun Lee

How can we limit wealth disparities while stimulating economic flows in sustainable societies? To examine the link between these concepts, we propose an econophysics asset exchange model with the surplus stock of the wealthy. The wealthy…

综合经济学 · 经济学 2021-11-08 Takeshi Kato , Yoshinori Hiroi

We present a stylized model with feedback loops for the evolution of a population's wealth over generations. Individuals have both talent and wealth: talent is a random variable distributed identically for everyone, but wealth is a random…

计算机科学与博弈论 · 计算机科学 2022-09-16 Krishna Acharya , Eshwar Ram Arunachaleswaran , Sampath Kannan , Aaron Roth , Juba Ziani

Given an initial resource allocation, where some agents may envy others or where a different distribution of resources might lead to higher social welfare, our goal is to improve the allocation without reassigning resources. We consider a…

计算机科学与博弈论 · 计算机科学 2021-12-15 Robert Bredereck , Andrzej Kaczmarczyk , Junjie Luo , Rolf Niedermeier , Florian Sachse

In the so-called ``fair'' models of peer-to-peer wealth exchanges, economic inequality tends to reach its maximum value asymptotically. This global trend is evident as the richest continuously accumulate a larger share of wealth at the…

物理与社会 · 物理学 2023-08-22 Thiago Dias , Sebastián Gonçalves

We study the effect of altruism in two simple asset exchange models: the yard sale model (winner gets a random fraction of the poorer player's wealth) and the theft and fraud model (winner gets a random fraction of the loser's wealth). We…

物理与社会 · 物理学 2009-11-11 M. Rodriguez-Achach , R. Huerta-Quintanilla

We study the effect of the social stratification on the wealth distribution on a system of interacting economic agents that are constrained to interact only within their own economic class. The economical mobility of the agents is related…

物理与社会 · 物理学 2009-11-11 M. F. Laguna , S. Risau Gusman , J. R. Iglesias
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