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Wealth distribution model with distribution factor introduced by game.

Authors :
PAN Qiu-hui
SONG Yue-ming
YU Si-yun
WANG Ting
HE Ming-feng
Source :
Journal of Dalian University of Technology / Dalian Ligong Daxue Xuebao; 2012, Vol. 52 Issue 5, p776-780, 5p
Publication Year :
2012

Abstract

A game is introduced into the traditional wealth distribution model for establishing the rules of wealth distribution. The wealth distribution is discussed in both situations of with and without the saving propensity. The experimental results show that when there are no saving propensities, the objective impact factors have no obvious effect on the trend of wealth distribution for the entire group, while the closer the trading strategy is to the objective impact factor, the more amount of wealth can be obtained for the individual agent. When there are saving propensities? the agent-construction of wealth distribution is determined by the similarity between individual strategy and objective impact factors. The value of saving propensity has obvious effect on the trend of wealth distribution, that is " the smaller the saving propensity is, the more concentrated the wealth distribution is. [ABSTRACT FROM AUTHOR]

Details

Language :
Chinese
ISSN :
10008608
Volume :
52
Issue :
5
Database :
Supplemental Index
Journal :
Journal of Dalian University of Technology / Dalian Ligong Daxue Xuebao
Publication Type :
Academic Journal
Accession number :
84270589