| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 978163 | Physica A: Statistical Mechanics and its Applications | 2007 | 6 Pages |
Abstract
In this paper, we investigate the wealth distribution with agents playing evolutionary games on a scale-free social network adopting the Richest-Following strategy. Pareto's power-law distribution (1897) of wealth is demonstrated with power factor in agreement with that of US or Japan. Moreover, the agent's personal wealth is proportional to its number of contacts (connectivity), and this leads to the phenomenon that the rich gets richer and the poor gets relatively poorer, which agrees with the Matthew Effect.
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Mao-Bin Hu, Rui Jiang, Qing-Song Wu, Yong-Hong Wu,