A Random Distribution of Wealth (2017)

#109 · 🔥 177 · 💬 274 · one year ago · www.masswerk.at · jacquesm · 📷
What happens, if 100 persons in a room are given $100 each and give away a Dollar to one randomly chosen person in this room each tick of the clock? How is wealth distributed over time by pure chance? Here, we simulate a population of 55 players, given a starting capital of $45 each, for 5,000 rounds. This model is the same as in the basic version, but includes basic economics, like debt and investments that are proportional to the respective wealths of the spending and the receiving player. The slope/gradient of the curve typically increases, while the characteristics of median of the distribution are generally maintained. So for any transactions between two playerst wealths W are mutated by a turnover z. as in. Thus, z. will be 1 at t1 and growth rates will evolve in subsequent iterations with the developing market positions of the individual players involved in a transaction. Orange bars represent the individual players and their respective wealth, while the blue bars represent the distribution in the population, ordered from the poorest players at the left to the richest one at the far right.
A Random Distribution of Wealth (2017)



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