Tootfinder

Simulation of a generalized asset exchange model with investment and income mechanisms
Jan Tobochnik, Harvey Gould, William Klein
https://arxiv.org/abs/2508.05810 https://

Simulation of a generalized asset exchange model with investment and income mechanisms
An agent-based model of the economy is generalized to incorporate investment and guaranteed income mechanisms in addition to the exchange and distribution mechanisms considered in earlier models. We find realistic wealth distributions and realistic values of the Gini coefficients and the Pareto index. We also show that although the system reaches a steady state, the system is not in thermal equilibrium. The nonequilibrium behavior is associated with the multiplicative noise generated by the inv…

Imagine if there was a Guaranteed Income Supplement #GIS policy. Studies have shown they can have significant impact on reducing or eliminating poverty, with a minimum increase in government support payments because other disconnected programs can be discontinued. The percentage of people and children living in poverty would be reduced.