Economics and Finance

   

Rethinking Altruism in Economic Science: A Simulation-Based Study on Wealth Distribution

Authors: Weston Koyama

This study explores the role of altruism in shaping wealth distribution within simulated economic environments, challenging prevailing assumptions in mainstream economic theory. Motivated by my experiences as an underpaid public defense attorney in Oregon, I sought to examine whether altruistic behaviors—particularly those that sacrifice self-interest—could have measurable impacts on economic inequality. Using a custom simulation model, we tested the effects of three types of altruism (FAKE, SEMI, and PURE) under various environmental conditions: Extreme Abundance, Normal, Scarcity, and Extreme Scarcity. Contrary to my initial hypothesis that greater altruism would exacerbate wealth disparity, the results show that environments with higher proportions of altruistic behaviors, particularly PURE altruism, lead to more equitable wealth distribution, even under conditions of scarcity. These findings suggest that altruism may play an underappreciated role in mitigating wealth inequality, highlighting a potential gap in traditional economic models that often dismiss altruistic behavior as economically unsustainable. The results encourage further research into the real-world impact of altruism in economic systems, and they raise important questions about the overlooked cultural and biological dimensions of inclusive fitness, altruism in professions like law, and the broader role of social cooperation in wealth creation.

Comments: 17 Pages.

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Submission history

[v1] 2024-10-06 21:38:59

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