• Corpus ID: 174799192

Modeling Responsible Elite

@article{Tsodikova2019ModelingRE,
  title={Modeling Responsible Elite},
  author={Yana Yu. Tsodikova and Pavel Yu. Chebotarev and Anton K. Loginov and Zoya M. Lezina},
  journal={arXiv: Physics and Society},
  year={2019}
}

• Y. Tsodikova, P. Chebotarev, +1 author Z. Lezina
• Published 5 June 2019
• Economics
• arXiv: Physics and Society

Within the ViSE (Voting in Stochastic Environment) model, we study social dynamics determined by collective decisions in a society with an elite. The model allows analyzing the influence of participants' social attitudes, such as selfishness, collectivism, lobbying, altruism, etc., on the welfare of the society and its strata. Social dynamics is determined by the change in capital over time, as well as formation and dissociation of groups. We show that the presence of responsible elite, which partially cares for its own benefit, stabilizes society and removes the "pit of damage" paradox. Society's gain from having a responsible elite is comparable to that from an altruistic group of the same size. If the responsible elite succumbs to the temptation to dramatically increase the weight of the group component in its combined voting strategy, then its income rises sharply, while the income of the society decreases. The rest of the participants benefit from joining the elite, while for the elite it is beneficial to maintain a moderate size. If, in response to insufficient responsibility of the elite, an altruistic group emerges that outnumbers the elite and becomes a new responsible elite, then society again stabilizes and monopoly of the previous elite (a "clique") ends. If the responsible elite competing with the clique becomes a second clique, then a tough competition of the cliques is still more preferable for society than having a unique clique.