Wealth distribution across communities of adaptive financial agents
This paper studies the trading volumes and wealth distribution of a novel agent-based model of an artificial financial market. In this model, heterogeneous agents, behaving according to the Von Neumann and Morgenstern utility theory, may mutually interact. A Tobin-like tax (TT) on successful investm...
Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
IOP Publishing
2015-01-01
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Series: | New Journal of Physics |
Subjects: | |
Online Access: | https://doi.org/10.1088/1367-2630/17/8/083003 |