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Title: More Opportunities than Wealth. A Network of Power and Frustration

We introduce a minimal agent-based model to qualitatively conceptualize the allocation of limited wealth among more abundant opportunities. We study the interplay of power, satisfaction and frustration in the problem of wealth distribution, concentration, and inequality. This framework allows us to compare subjective measures of frustration and satisfaction to collective measures of fairness in wealth distribution, such as the Lorenz curve and the Gini index. We find that a completely libertarian, law-of-the-jungle setting, where every agent can acquire wealth from, or lose wealth to, anybody else invariably leads to a complete polarization of the distribution of wealth vs. opportunity, only minimally ameliorated by disorder in a non-optimized society. The picture is however dramatically modified when hard constraints are imposed over agents, and they are forced to share wealth with neighbors on a network. We discuss the case of random networks and scale free networks. We then propose an out of equilibrium dynamics of the networks, based on a competition of power and frustration in the decision-making of agents that leads to network evolution. We show that the ratio of power and frustration controls different dynamical regimes separated by kinetic transition and characterized by drastically different values of the indices ofmore » equality.« less
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  1. Los Alamos National Lab. (LANL), Los Alamos, NM (United States)
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Technical Report
Research Org:
Los Alamos National Lab. (LANL), Los Alamos, NM (United States)
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Country of Publication:
United States