4 ms·
This is a bit too "spherical cow in a vacuum" for my tastes. As a quick experiment, I included population growth (using average population growth rate of the U
by Falkon1313 9y ago
This is a bit too "spherical cow in a vacuum" for my tastes. As a quick experiment, I included population growth (using average population growth rate of the US over the last 50 years) and GDP growth (again using US average for last 50 years). Assumptions being that new population start with $0 and GDP growth applies equally to all as a percentage of their then-current wealth. It substantially enhanced the inequality.
In the simple run, median/mean was 67%, but with compounded growth it was only 7.9%. Moreover, the standard deviation went from 1.31 times the median (87% of the mean) to 17.83 times the median (141% of the mean).
https://gist.github.com/anonymous/4f6c546a776a8ab142235c861738a5bb https://gist.github.com/anonymous/4f6c546a776a8ab142235c8617...
Wonder what it would be like taken further - forcing population that have $0 to take a loan from the wealthiest people and pay them interest.
- kirillseva 9y agowithout any cap it doesn't look fun for the unlucky person. Take a look at my other comments on this thread, there's a link to a gist that generates an animation with the same starting conditions as OP, but forcing the person with $0 to borrow and introducing an interest rate of 10%. At some point the system destabilizes and the debt of the unlucky person goes out of control. TIL what an economic crisis is and how it happens