Agent dynamics in kinetic models of wealth exchange

Details Agent dynamics in kinetic models of wealth exchange Agent dynamics in kinetic models of wealth exchange

2010-06-16

arxiv.org/abs/1006.3211v2

Phys. Rev. E 82 (2010) 056117

Physics

Physics and Society

6 pages, 6 eps figures, 2 column revtex, to appear in Phys. Rev. E

Scientific paper

10.1103/PhysRevE.82.056117

We study the dynamics of individual agents in some kinetic models of wealth exchange, particularly, the models with savings. For the model with uniform savings, agents perform simple random walks in the "wealth space". On the other hand, we observe ballistic diffusion in the model with distributed savings. There is an associated skewness in the gain-loss distribution which explains the steady state behavior in such models. We find that in general an agent gains while interacting with an agent with a larger saving propensity.

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