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Detailed simulation results for some wealth distribution models in Econophysics

K. Bhattacharya·G. Mukherjee·S. S. Manna
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Abstract

In this paper we present detailed simulation results on the wealth distribution model with quenched saving propensities. Unlike other wealth distribution models where the saving propensities are either zero or constant, this model is not found to be ergodic and self-averaging. The wealth distribution statistics with a single realization of quenched disorder is observed to be significantly different in nature from that of the statistics averaged over a large number of independent quenched configurations. The peculiarities in the single realization statistics refuses to vanish irrespective of whatever large sample size is used. This implies that previously observed Pareto law is essentially a convolution of the single member distributions.

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K. Bhattacharya, G. Mukherjee, S. S. Manna. 2006-05-19. Detailed simulation results for some wealth distribution models in Econophysics. https://arxiv.org/abs/physics/0504161

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