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If you have $1, you have to give it away, but you receive less than $1 back on average (because some people have no money to give you). So the poor get poorer.
by dmurray 9y ago
If you have $1, you have to give it away, but you receive less than $1 back on average (because some people have no money to give you). So the poor get poorer. But wait, by the same argument the rich get poorer and this simulates a system of stochastic handouts to the very poorest - those with $0.
Alternatively, it simulates a lottery. From the point of view of any individual, every turn you spend $1 on a lottery ticket and get a prize of between 0 and $99. Viewed that way, it's not surprising that some people end up rich in the simulation.
- IshKebab 9y agoThe poor have an advantage under this system - they always have an equal change of receiving money but sometimes they don't have to pay any.
- rtpg 9y agoConsidering that in order to get this advantage you have to at one point end up with $0, it seems like a bit of a phyrric victory
- leddt 9y agoAh, the lottery analogy does make it more obvious to me. Thanks!