An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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.
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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/
It's true...
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.
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...
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