written by
Wolfgang Christian, Jan Tobochnik, and Harvey Gould
The EjsS Asset Exchange Model Package contains JavaScript models to investigate the transfer of wealth in a simple economic model consisting of N buyers and sellers, known as agents, who spend their time buying and selling goods at a yard sale. In this economic model, two agents A and B are chosen at random and goods are exchanged. If the price of the item is correct, neither agent gains or loses wealth but this is uninteresting and unrealistic. In a realistic transaction an agent can either pay too much or get a bargain so that one agent becomes slightly richer while the other agent becomes poorer. What happens to the wealth of agent A if this process is repeated many times and if we assume that the agent receiving the bargain is chosen at random so that sometimes agent A gains and sometimes agent A loses in the transaction. In other words, neither agent is always shrewd or always gullible so that all agents have an equal chance of getting rich. Does this model produce an equitable distribution of wealth?
This item is also available as an AAPT/ComPADRE book and in Apple iTunes. The supplemental documents section has a download link for an ePub 3 book.
The EjsS Asset Exchange Model Package was developed using the Easy Java/JavaScript Simulations (EjsS) version 5 authoring tool. Although EjsS is a Java program, it can create stand alone JavaScript programs that run in almost any PC or tablet.
Modeling Wealth Inequality ePub An ePub containing the simulations and narrative for the Modeling Wealth Inequality book. Use an …
An ePub containing the simulations and narrative for the Modeling Wealth Inequality book. Use an ePub 3 reader that supports Math ML and JavaScript, such as the iBooks Reader on Apple devices or the Gitden on Android. The ePub is also available in Apple iTunes.
Modeling Wealth Inequality This pdf is a static version of the Modeling Wealth Inequality ePub that includes links to the …
This pdf is a static version of the Modeling Wealth Inequality ePub that includes links to the ComPADRE ready-to-run models.
Asset Exchange Model Source Code
Asset Exchange Model source code archive contains an XML representation of models used to create the Modeling Wealth Inequality EPub. download 496kb .zip
Last Modified: October 18, 2023
W. Christian, J. Tobochnik, and H. Gould, Computer Program ASSET EXCHANGE MODEL PACKAGE (2014), WWW Document, (https://www.compadre.org/Repository/document/ServeFile.cfm?ID=13337&DocID=3901).
W. Christian, J. Tobochnik, and H. Gould, Computer Program ASSET EXCHANGE MODEL PACKAGE (2014), <https://www.compadre.org/Repository/document/ServeFile.cfm?ID=13337&DocID=3901>.
Christian, W., Tobochnik, J., & Gould, H. (2014). Asset Exchange Model Package [Computer software]. Retrieved October 3, 2024, from https://www.compadre.org/Repository/document/ServeFile.cfm?ID=13337&DocID=3901
Christian, W, J. Tobochnik, and H. Gould. "Asset Exchange Model Package." https://www.compadre.org/Repository/document/ServeFile.cfm?ID=13337&DocID=3901 (accessed 3 October 2024).
%A Wolfgang Christian %A Jan Tobochnik %A Harvey Gould %T Asset Exchange Model Package %D August 29, 2014 %U https://www.compadre.org/Repository/document/ServeFile.cfm?ID=13337&DocID=3901 %O application/javascript
%0 Computer Program %A Christian, Wolfgang %A Tobochnik, Jan %A Gould, Harvey %D August 29, 2014 %T Asset Exchange Model Package %8 August 29, 2014 %U https://www.compadre.org/Repository/document/ServeFile.cfm?ID=13337&DocID=3901
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