Finance:Wealth attained advantage
From HandWiki
Wealth attained advantage or Wealth acquired advantage (WAA) is an econophysics mathematical model that describes how wealthier entities gain a disproportionate advantage in economic transactions, colloquially referred by the aphorism the rich get richer and the poor get poorer.[1][2][3][4][5][6]
References
- ↑ McNeil, Taylor (12 October 2017). "The Mathematics of Inequality" (in en). Tufts. https://now.tufts.edu/2017/10/12/mathematics-inequality.
- ↑ Boghosian, Bruce M.; Devitt-Lee, Adrian; Johnson, Merek; Li, Jie; Marcq, Jeremy A.; Wang, Hongyan (June 2017). "Oligarchy as a phase transition: The effect of wealth-attained advantage in a Fokker–Planck description of asset exchange". Physica A: Statistical Mechanics and Its Applications 476: 15–37. doi:10.1016/j.physa.2017.01.071. Bibcode: 2017PhyA..476...15B.
- ↑ Boghosian, Bruce M.; Devitt-Lee, Adrian; Wang, Hongyan (2016). "The Growth of Oligarchy in a Yard-Sale Model of Asset Exchange - A Logistic Equation for Wealth Condensation". Proceedings of the 1st International Conference on Complex Information Systems. pp. 187–193. doi:10.5220/0005956501870193. ISBN 978-989-758-181-6.
- ↑ Li, Jie; Boghosian, Bruce M.; Li, Chengli (February 2019). "The Affine Wealth Model: An agent-based model of asset exchange that allows for negative-wealth agents and its empirical validation". Physica A: Statistical Mechanics and Its Applications 516: 423–442. doi:10.1016/j.physa.2018.10.042. Bibcode: 2019PhyA..516..423L.
- ↑ Devitt-Lee, Adrian; Wang, Hongyan; Li, JIE; Boghosian, Bruce (2018). "A Nonstandard Description of Wealth Concentration in Large-Scale Economies". SIAM Journal on Applied Mathematics 78 (2): 996–1008. doi:10.1137/17M1119627.
- ↑ Pitici, Mircea (24 November 2020). "The Inescapable Casino" (in en). The Best Writing on Mathematics 2020. Princeton University Press. ISBN 978-0-691-20756-8. https://books.google.com/books?id=l9XnDwAAQBAJ&pg=PA23.
 |
