Simulation of wealth distribution

Abstract

Under what conditions do inequalities within society emerge? To explore this question we modeled the evolution of unequal distributions of wealth and social capital within artificially constructed societies. In order to better understand the causative factors of unequal wealth distribution, we examined and extended the NETLOGO Wealth Distribution Model made by Michael Gizzi, Tom Lairson and Richard Vail. Cursory examination of the data show that increases in all individuals' fields of vision decreases inequality as measured by the Gini coefficient. Analyses of extreme examples of the model are helpful in understanding the most potent factors affecting inequality. © 2012 Springer-Verlag GmbH.