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I'm not saying I'm smarter than your average PhD but it seemed intuitive that it would concentrate wealth, basically because you can only give out 1 dollar per
by abalone 9y ago
I'm not saying I'm smarter than your average PhD but it seemed intuitive that it would concentrate wealth, basically because you can only give out 1 dollar per round even if you have >1 dollars.
Having said that I would not draw too much inference about economics and human society from this. There is no such "1 dollar per round" rule in life.
- anigbrowl 9y agoPeople can be smart about many other things besides quantitative reasoning and get PhDs in those other subjects.
- robotresearcher 9y agoIt does not stably concentrate wealth. It does create short-term inequality of wealth. Every player will be the richest at some point if you play long enough.