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Properties of wealth distribution in multi-agent systems of a complex network
Authors:Mao-Bin Hu  Rui Jiang  Ruili Wang
Institution:a School of Engineering Science, University of Science and Technology of China, Hefei 230026, PR China
b Department of Mathematics and Statistics, Curtin University of Technology, Perth WA6845, Australia
c Institute of Information Sciences and Technology, Massey University, New Zealand
Abstract:We present a simple model for examining the wealth distribution with agents playing evolutionary games (the Prisoners’ Dilemma and the Snowdrift Game) on complex networks. Pareto’s power law distribution of wealth (from 1897) is reproduced on a scale-free network, and the Gibbs or log-normal distribution for a low income population is reproduced on a random graph. The Pareto exponents of a scale-free network are in agreement with empirical observations. The Gini coefficient of an ER random graph shows a sudden increment with game parameters. We suggest that the social network of a high income group is scale-free, whereas it is more like a random graph for a low income group.
Keywords:87  23  Ge  89  75  Hc  05  10  -a
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