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Application of the Deffuant model in money exchange
Published 5 Jul 2023 in q-fin.MF, math.DS, and math.PR | (2307.02512v1)
Abstract: A money transfer involves a buyer and a seller. A buyer buys goods or services from a seller. The money the buyer decreases is the same as that the seller increases. At each time step, a pair of socially connected agents are selected and transact in agreed money. We evolve the Deffuant model to a money exchange system and study circumstances under which asymptotic stability holds, or equal wealth can be achieved.
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