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Agent dynamics in kinetic models of wealth exchange

Published 16 Jun 2010 in physics.soc-ph, cond-mat.stat-mech, and physics.comp-ph | (1006.3211v2)

Abstract: 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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