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How are people linked in a highly connected society? Since in many networks a power-law (scale-free) node-degree distribution can be observed, power-law might be seen as a universal characteristics of networks. But this study of…

物理与社会 · 物理学 2023-06-22 Matthias Scholz

We present an agent-based model of microscopic wealth exchange in a dynamic network to study the topological features associated with economic inequality. The model evolves through two alternating processes, the conservative exchange of…

物理与社会 · 物理学 2024-08-30 Gustavo Kohlrausch , Sebastián Gonçalves

The so-called "Yard-Sale Model" of wealth distribution posits that wealth is transferred between economic agents as a result of transactions whose size is proportional to the wealth of the less wealthy agent. In recent work [B.M. Boghosian,…

综合金融 · 定量金融 2014-07-28 Bruce M. Boghosian

Using a model based on generalised Lotka Volterra dynamics together with some recent results for the solution of generalised Langevin equations, we show that the equilibrium solution for the probability distribution of wealth has two…

统计力学 · 物理学 2008-12-10 Peter Richmond , Sorin Solomon

We introduce an auto-regressive model which captures the growing nature of realistic markets. In our model agents do not trade with other agents, they interact indirectly only through a market. Change of their wealth depends, linearly on…

综合金融 · 定量金融 2009-07-28 Urna Basu , P. K. Mohanty

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

This article describes mathematical methods for estimating the top-tail of the wealth distribution and therefrom the share of total wealth that the richest $p$ percent hold, which is an intuitive measure of inequality. As the data base for…

应用统计 · 统计学 2018-07-11 Christoph Dalitz

Public Goods Games represent one of the most useful tools to study group interactions between individuals. However, even if they could provide an explanation for the emergence and stability of cooperation in modern societies, they are not…

物理与社会 · 物理学 2016-05-05 Sandro Meloni , Cheng-Yi Xia , Yamir Moreno

A dynamic model of the social relations between workers and capitalists is introduced. The model is deduced from the assumption that the law of value is an organising principle of modern economies. The model self-organises into a dynamic…

凝聚态物理 · 物理学 2011-03-24 Ian Wright

Different models of capital exchange among economic agents have been proposed recently trying to explain the emergence of Pareto's wealth power law distribution. One important factor to be considered is the existence of risk aversion. In…

统计力学 · 物理学 2009-11-10 J. R. Iglesias , S. Goncalves , G. Abramson , J. L. Vega

We conduct a market experiment with human agents in order to explore the structure of transaction networks and to study the dynamics of wealth accumulation. The experiment is carried out on our platform for 97 days with 2,095 effective…

物理与社会 · 物理学 2010-01-22 Jie-Jun Tseng , Sai-Ping Li , Sun-Chong Wang

We investigate the problem of wealth distribution from the viewpoint of asset exchange. Robust nature of Pareto's law across economies, ideologies and nations suggests that this could be an outcome of trading strategies. However, the simple…

交易与市场微观结构 · 定量金融 2009-11-13 M. Ali Saif , Prashant M. Gade

A simple heuristic model, including the multiple exchanges between economic agents, is used to explain the mechanism of emerging and maintenance of social inequality in the market economy. The model allows calculating a density function of…

生物物理 · 物理学 2023-03-16 Vladimir Pokrovskii

We study a modified version of a model previously proposed by Jackson and Wolinsky to account for communicating information and allocating goods in socioeconomic networks. In the model, the utility function of each node is given by a…

物理与社会 · 物理学 2009-11-13 Rui Carvalho , Giulia Iori

Understanding of evolutionary mechanism of online social networks is greatly significant for the development of network science. However, present researches on evolutionary mechanism of online social networks are neither deep nor clear…

物理与社会 · 物理学 2018-08-01 Bin Zhou , Xiao-Yong Yan , Xiao-Ke Xu , Xiao-Ting Xu , Nianxin Wang

We study the model of interacting agents proposed by Chatterjee et al that allows agents to both save and exchange wealth. Closed equations for the wealth distribution are developed using a mean field approximation. We show that when all…

其他凝聚态物理 · 物理学 2009-11-10 Przemyslaw Repetowicz , Stefan Hutzler , Peter Richmond

Degree distribution of nodes, especially a power law degree distribution, has been regarded as one of the most significant structural characteristics of social and information networks. Node degree, however, only discloses the first-order…

社会与信息网络 · 计算机科学 2010-09-23 Ajay Sridharan , Yong Gao , Kui Wu , James Nastos

An important class of economic models involve agents whose wealth changes due to transactions with other agents. Several authors have pointed out an analogy with kinetic theory, which describes molecules whose momentum and energy changes…

物理与社会 · 物理学 2014-07-22 Bruce M. Boghosian

The power law is useful in describing count phenomena such as network degrees and word frequencies. With a single parameter, it captures the main feature that the frequencies are linear on the log-log scale. Nevertheless, there have been…

应用统计 · 统计学 2024-07-24 Clement Lee , Emma Eastoe , Aiden Farrell

A deterministic system of coupled maps is proposed as a model for economic activity among interacting agents. The values of the maps represent the wealth of the agents. The dynamics of the system is controlled by two parameters. One…

混沌动力学 · 物理学 2008-12-02 J. R. Sanchez , J. Gonzalez-Estevez , R. Lopez-Ruiz , M. G. Cosenza