Related Experiment Video
Updated: Jul 26, 2025

Combining Behavioral Endocrinology and Experimental Economics: Testosterone and Social Decision Making
Published on: March 2, 2011
Wealth exchange and decision-making psychology in epidemic dynamics
Lingling Wang1,2, Miao Liu1, Shaoyong Lai1,2
1School of Mathematics and Statistics, Yili Normal University, Yining 835000, China.
Abstract:
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.
More Related Videos
08:24The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
Published on: August 25, 2023
13:04Measuring the Subjective Value of Risky and Ambiguous Options using Experimental Economics and Functional MRI Methods
Published on: September 19, 2012
Related Concept Videos
Causality in Epidemiology
Social Exchange Theory
Steps in Outbreak Investigation
Decision Making
Automatic decision-making is fast, intuitive, and relies on gut feelings...
Decision Making: P-value Method
First, a specific claim about the population parameter is proposed. The claim is based on the research question and is stated in a simple form. Further, an opposing statement to the claim is also stated. These statements can act as null and alternative hypotheses: a null hypothesis would be a neutral statement while the alternative hypothesis can...
Decision Making: Traditional Method
First, a specific claim about the population parameter is decided based on the research question and is stated in a simple form. Further, an opposing statement to this claim is also stated. These statements can act as null and alternative hypotheses, out of which a null hypothesis would be a...