Tuesday, July 11, 2017

Lars P. Syll — Marx and the Matthew effect


If you are unfamiliar with the Matthew effect (Wikipedia).

Lars P. Syll’s Blog
Marx and the Matthew effect
Lars P. Syll | Professor, Malmo University

4 comments:

Neil Wilson said...

The dynamics of that particular idea are even more interesting than you first imagine.

See: http://www.decisionsciencenews.com/2017/06/19/counterintuitive-problem-everyone-room-keeps-giving-dollars-random-others-youll-never-guess-happens-next/

Matt Franko said...

It's true...

Tom Hickey said...

The dynamics of that particular idea are even more interesting than you first imagine.

As the theory of karma and reincarnation would predict. :)

There’s some confusion in the comments below and on other sites that we thought we’d address. The point is not that some people become rich and never lose their top position. This runs infinitely and will contain every possible sequence of good and bad luck for every person. The richest will become the poorest, everyone will experience every rank, and so on. The interesting thing is that this simple simulation arrives at a stationary distribution with a skewed, exponential shape. This is due to the boundary at zero wealth which, we imagine, people don’t consider when they think about the problem quickly.

Matt Franko said...

The Lord is not trying to influence behavior here... just pointing out the truth...

Add the ability to save to the simulation... probably accelerates the process...