loading
Papers Papers/2022 Papers Papers/2022

Research.Publish.Connect.

Paper

Paper Unlock

Authors: Bruce M. Boghosian ; Adrian Devitt-Lee and Hongyan Wang

Affiliation: Tufts University, United States

Keyword(s): Fokker-Planck Equation, Asset Exchange Model, Yard-Sale Model, Pareto Distribution, Gibrat’s Law, Lorenz Curve, Gini Coefficient, Lorenz-Pareto Exponent, Phase Transitions, Phase Coexistence, Wealth Condensation.

Related Ontology Subjects/Areas/Topics: Agents ; Artificial Intelligence ; Artificial Intelligence and Decision Support Systems ; Distributed and Mobile Software Systems ; Enterprise Information Systems ; Knowledge Engineering and Ontology Development ; Knowledge-Based Systems ; Multi-Agent Systems ; Software Engineering ; Symbolic Systems

Abstract: The addition of wealth-attained advantage (WAA) to the Yard-Sale Model (YSM) of asset exchange has been demonstrated to induce wealth condensation. In models of WAA for which the bias is a continuous function of the wealth difference of the transacting agents, the condensation arises from a second-order phase transition to a coexistence regime. In this paper, we present the first analytic time-dependent results for this model, by showing that the condensed wealth obeys a simple logistic equation in time.

CC BY-NC-ND 4.0

Sign In Guest: Register as new SciTePress user now for free.

Sign In SciTePress user: please login.

PDF ImageMy Papers

You are not signed in, therefore limits apply to your IP address 3.236.98.81

In the current month:
Recent papers: 100 available of 100 total
2+ years older papers: 200 available of 200 total

Paper citation in several formats:
Boghosian, B.; Devitt-Lee, A. and Wang, H. (2016). The Growth of Oligarchy in a Yard-Sale Model of Asset Exchange - A Logistic Equation for Wealth Condensation. In Proceedings of the 1st International Conference on Complex Information Systems - COMPLEXIS; ISBN 978-989-758-181-6; ISSN 2184-5034, SciTePress, pages 187-193. DOI: 10.5220/0005956501870193

@conference{complexis16,
author={Bruce M. Boghosian. and Adrian Devitt{-}Lee. and Hongyan Wang.},
title={The Growth of Oligarchy in a Yard-Sale Model of Asset Exchange - A Logistic Equation for Wealth Condensation},
booktitle={Proceedings of the 1st International Conference on Complex Information Systems - COMPLEXIS},
year={2016},
pages={187-193},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0005956501870193},
isbn={978-989-758-181-6},
issn={2184-5034},
}

TY - CONF

JO - Proceedings of the 1st International Conference on Complex Information Systems - COMPLEXIS
TI - The Growth of Oligarchy in a Yard-Sale Model of Asset Exchange - A Logistic Equation for Wealth Condensation
SN - 978-989-758-181-6
IS - 2184-5034
AU - Boghosian, B.
AU - Devitt-Lee, A.
AU - Wang, H.
PY - 2016
SP - 187
EP - 193
DO - 10.5220/0005956501870193
PB - SciTePress