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physics.soc-ph2010★ 4 cited
Wealth Distributions in Asset Exchange Models
P. L. Krapivsky, S. Redner
How do individuals accumulate wealth as they interact economically? We outline the consequences of a simple microscopic model in which repeated pairwise exchanges of assets between…
physics.soc-ph2010★ 130 cited
Heterogeneous Voter Models
Naoki Masuda, N. Gibert, S. Redner
We introduce the heterogeneous voter model (HVM), in which each agent has its own intrinsic rate to change state, reflective of the heterogeneity of real people, and the partisan v…