TY - JOUR
T1 - Social diversity reduces the complexity and cost of fostering fairness
AU - Cimpeanu, Theodor
AU - Di Stefano, Alessandro
AU - Perret, Cedric
AU - Han, The Anh
N1 - Publisher Copyright:
© 2022 The Author(s)
PY - 2023/2/1
Y1 - 2023/2/1
N2 - Institutions and investors are constantly faced with the challenge of appropriately distributing endowments. No budget is limitless and optimising overall spending without sacrificing positive outcomes has been approached and resolved using several heuristics. To date, prior works have failed to consider how to encourage fairness in a population where social diversity is ubiquitous, and in which investors can only partially observe the population. Herein, by incorporating social diversity in the Ultimatum game through heterogeneous graphs, we investigate the effects of several interference mechanisms which assume incomplete information and flexible standards of fairness. We quantify the role of diversity and show how it reduces the need for information gathering, allowing us to relax a strict, costly interference process. Furthermore, we find that the influence of certain individuals, expressed by different network centrality measures, can be exploited to further reduce spending if minimal fairness requirements are lowered. Our results indicate that diversity changes and opens up novel mechanisms available to institutions wishing to promote fairness. Overall, our analysis provides novel insights to guide institutional policies in socially diverse complex systems.
AB - Institutions and investors are constantly faced with the challenge of appropriately distributing endowments. No budget is limitless and optimising overall spending without sacrificing positive outcomes has been approached and resolved using several heuristics. To date, prior works have failed to consider how to encourage fairness in a population where social diversity is ubiquitous, and in which investors can only partially observe the population. Herein, by incorporating social diversity in the Ultimatum game through heterogeneous graphs, we investigate the effects of several interference mechanisms which assume incomplete information and flexible standards of fairness. We quantify the role of diversity and show how it reduces the need for information gathering, allowing us to relax a strict, costly interference process. Furthermore, we find that the influence of certain individuals, expressed by different network centrality measures, can be exploited to further reduce spending if minimal fairness requirements are lowered. Our results indicate that diversity changes and opens up novel mechanisms available to institutions wishing to promote fairness. Overall, our analysis provides novel insights to guide institutional policies in socially diverse complex systems.
UR - http://www.scopus.com/inward/record.url?scp=85145980421&partnerID=8YFLogxK
U2 - 10.1016/j.chaos.2022.113051
DO - 10.1016/j.chaos.2022.113051
M3 - Article
AN - SCOPUS:85145980421
SN - 0960-0779
VL - 167
JO - Chaos, Solitons and Fractals
JF - Chaos, Solitons and Fractals
M1 - 113051
ER -