Fig. 8: Impact of agent attention and risk attitude towards gains on shocks, final wealth, and investment strategy.
From: Emergent poverty traps at multiple levels impede social mobility

Sub-figures A through C show results from a single, hand-picked simulation run that resulted in the Some Rich regime. Sub-figures D through E similarly show results from a different single, hand-picked simulation run resulting in the Some Rich regime. A Impact of agent attention on the median shock size experienced for agents with access to the same two community projects (projects 9 and 12). Agents with higher attention experienced economic shocks of greater magnitude. B Returns of community projects 9 and 12. C Impact of agent attention on the proportion invested in community project 9 by the end of the simulation. D Impact of the γ+ CPT utility parameter (risk attitude for gains, influencing investment choices) on agent final wealth for agents with access to the same two community projects (projects 0 and 6). E Returns of community projects 0 and 6. F Impact of γ+ CPT utility parameter (risk attitude for gains) on the proportion invested into the safe asset by the end of the simulation.