Wealth exchange and decision-making psychology in epidemic dynamics-Reference-Cited by-同舟云学术

Wealth exchange and decision-making psychology in epidemic dynamics

Published:2023 Issue:6 Volume:20 Page:9839-9860
ISSN:1551-0018
Container-title:Mathematical Biosciences and Engineering
language:
Short-container-title:MBE

Author:

Wang Lingling¹²,Liu Miao¹,Lai Shaoyong¹²

Affiliation:

1. School of Mathematics and Statistics, Yili Normal University, Yining 835000, China

2. School of Mathematics, Southwestern University of Finance and Economics, Chengdu 611130, China

Abstract

<abstract><p>A binary wealth exchange mechanism, which involves the influence of the epidemic environment and agents' psychology on trading decisions, is introduced to discuss the wealth distribution of agents under the background of an epidemic. We find that the trading psychology of agents may affect wealth distribution and make the tail of the steady-state wealth distribution slimmer. The steady-state wealth distribution displays a bimodal shape under appropriate parameters. Our results suggest that government control measures are essential to curb the spread of epidemics, and vaccination may help to improve the economy, while contact control measures may aggravate wealth inequality.</p></abstract>

Publisher

American Institute of Mathematical Sciences (AIMS)

Subject

Applied Mathematics,Computational Mathematics,General Agricultural and Biological Sciences,Modeling and Simulation,General Medicine

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