Article ID Journal Published Year Pages File Type
978319 Physica A: Statistical Mechanics and its Applications 2010 7 Pages PDF
Abstract
We study the flow of money among agents in a Barabasi-Albert (BA) scale free network, where each network node represents an agent and money exchange interactions are established through links. The system allows money trade between two agents at a time, betting a fraction f of the poorer's agent wealth. We also allow for the bet to be biased, giving the poorer agent a winning probability p. In the no network case there is a phase transition involving a relationship between p and f. In the networked case, we also found a condensation interface, however, this is not a complete condensation due to the presence of clusters in the network and its topology. As can be expected, the winner is always a well-connected agent, but we also found that the mean wealth decreases with the agents' connectivity.
Related Topics
Physical Sciences and Engineering Mathematics Mathematical Physics
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