Fig. 4: Average Scaled Parameter Profiles Across Wealth Regimes.
From: Emergent poverty traps at multiple levels impede social mobility
Average parameter values (in red) resulting in each of the three distinct regimes: All Poor, Some Rich, All Rich. Key parameters displayed are: θ (minimum project investment threshold), Gupper (upper bound for project gain magnitude), β (saving propensity, where a lower value means more consumption), ℓ (probability of project loss), and α (homophily in social network formation, where a higher value means more initial wealth-based segregation). Parameter values have been independently scaled between 0 and 1 based on the ranges defined in Table 1. In blue and green are one standard deviation above and below the average parameter values, respectively. A Parameter values giving rise to the All Poor regime. High values of homophily (α) and project cost (θ) are likely to yield this regime. B Parameter values giving rise to the Some Rich regime. C Parameter values giving rise to the All Rich regime. Homophily and project cost are notably smaller for simulations landing in this regime.
