Nonlinear Sciences – Adaptation and Self-Organizing Systems
Scientific paper
2006-11-01
Nonlinear Sciences
Adaptation and Self-Organizing Systems
To appear in European Physical Journal B
Scientific paper
10.1140/epjst/e2007-00072-4
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 for a redistribution of the wealth. However, the detailed influence of the amount of capital exchanged has not been fully analyzed yet. Here we present a comparison of two exchange rules and also a systematic study of the time evolution of the wealth distribution, its functional dependence, the Gini coefficient and time correlation functions. In many cases a stable state is attained, but, interesting, some particular cases are found in which a very slow dynamics develops. Finally, we observe that the time evolution and the final wealth distribution are strongly dependent on the exchange rules in a nontrivial way.
Caon G. M.
Goncalves Sebastian
Iglesias J. R.
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