This simulation models the interactions between buyers and sellers in a market using a discrete Markov chain. The market consists of regular sellers and a fraction of opportunistic sellers who may deceive the buyers. The simulation tracks the evolution of buyer perception over time, influenced by encounters with these opportunistic sellers.
MathematicaMIT
The current code in Wolfram Mathemtica is a simple simulation in order to show the process of a Markovian perspective in Akerlof's model of information asymmetry, which leads to a market collapse and a erdodicity breaking.
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