Wealth distribution across communities of adaptive financial agents

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...

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Bibliographic Details
Main Authors: Pietro DeLellis, Franco Garofalo, Francesco Lo Iudice, Elena Napoletano
Format: Article
Language:English
Published: IOP Publishing 2015-01-01
Series:New Journal of Physics
Subjects:
artificial financial markets
agent-based models
heterogeneous agents
scale-free networks
herding effect
Online Access:https://doi.org/10.1088/1367-2630/17/8/083003

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