Dynamics of Wealth Inequality in Simple Artificial Societies
Abstract
A simple generative model of a foraging society generates significant wealth inequalities from identical agents on an equal opportunity landscape. These inequalities arise in both equilibrium and non-equilibrium regimes with some societies essentially never reaching equilibrium. Reproduction costs mitigate inequality beyond their affect on intrinsic growth rate. The highest levels of inequality are found during non-equilibrium regimes. Inequality in dynamic regimes is driven by factors different than those driving steady state inequality. Evolutionary pressures drive the intrinsic growth rate as high as possible, leading to a tragedy of the commons.
- Publication:
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arXiv e-prints
- Pub Date:
- August 2021
- DOI:
- 10.48550/arXiv.2108.11892
- arXiv:
- arXiv:2108.11892
- Bibcode:
- 2021arXiv210811892S
- Keywords:
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- Physics - Physics and Society;
- Computer Science - Multiagent Systems;
- Economics - General Economics
- E-Print:
- 12 pages, 2 tables, 5 figures. Presented at the Social Simulation Conference 2021. arXiv admin note: substantial text overlap with arXiv:2101.09817