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INET-Complexity / housing-model

Agent-based model of the UK housing market.
MIT License
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Remove returns of financial wealth #63

Closed adrian-carro closed 5 years ago

adrian-carro commented 6 years ago

Currently only used to increase bank balances but not in any other decision by the households, which seems incoherent. The decision is to remove the mechanism altogether, in order to remove an unjustified parameter and simplify model and calibration. Modify paper accordingly.

adrian-carro commented 6 years ago

Also return on financial wealth looks like annual but is paid monthly! Parameter RETURN_ON_FINANCIAL_WEALTH seems to be an annual interest rate on bank deposits, however, it is computed as a monthly return at getMonthlyGrossTotalIncome(), within the Household class. This needs clarification and, possibly, solving.

adrian-carro commented 5 years ago

Return on financial wealth mechanism removed from model