information is quantified as a real number with fixed bounds. New concepts, such as inheritance and differential absorption, are … governed by following three factors: inheritance rate, diffusivity and absorption rate. The original set of equations was …

According to previous studies that applied a popular goodness-of-fit test, the wealth of the world’s billionaires does … not follow a Pareto distribution. The test applied by those studies assumes that wealth is measured without error, yet, if … different sources of data on the wealthiest people in the world are compared, then wealth appears to be measured with error …

We study the effect of the social stratification on the wealth distribution on a system of interacting economic agents … its success in exchange transactions. Different wealth distributions are obtained as a function of the width of the … further exchange between poor and rich agents. As a consequence, the middle wealth class is eliminated. The high values of the …

Pareto law, which states that wealth distribution in societies has a power-law tail, has been the subject of intensive … agent based models assume the conservation of number of agents and wealth. Both these assumptions are unrealistic. In this … paper, we study the limiting wealth distribution when one or both of these assumptions are not valid. Given the universality …

This paper discusses the wealth distribution in a finite-sized closed economic system, where each agent may choose one … amongst the four strategies: hawk, defect, cooperate and dove. When two agents encounter, exchange of the wealth is decided by … the rules defined. The simulation results show that the equilibrium probability distribution of wealth will be single …

We investigate how wealth transfer that happens at the end of an agent’s life affects its final distribution based on a … multi-agent dynamic model. We discuss two kinds of wealth transfers: to a single agent and to charities. The first kind of … bequest is common in our realistic world and is always regarded by the public as unequal inheritance. The bequests to …

We study a model of wealth dynamics (Physica A 282 (2000) 536) which mimics transactions among economic agents. The … extreme cases of a fully connected and a fully disconnected network yield power-law and log-normal forms of the wealth …

This study uses survey data from India to examine the top percentile of the wealth distribution in India. Using …

We show, analytically and numerically, that wealth distribution in the Bouchaud–Mézard network model of the economy is …