4 ms·

Modified the problem from this post to also include debt. If someone doesn't have the funds to pay during the turn, they have to borrow money from the person th

• kirillseva 9y ago
  with the following parameters: NUM_PEOPLE = 45 INITIAL_BANK = 45 # everyone gets 45 dollars INTEREST_RATE = 0.1 # 10% per turn that you didn't pay ROUNDS = 5000 RENT = 1 # how much to pay each round everybody's cash goes to zero on step 1008. From that point on all trades are debt manipulations only edit(formatting)
  • e12e 9y ago
    > everybody's cash goes to zero on step 1008 Surely not in the highly improbable case of everyone starting with 1 dollar, giving money to someone else in a chain that leads back to themselves? Theoretically such a system could continue indefinitely? (a gives to b gives to c gives to.... a)?
    • kirillseva 9y ago
      correct, if we sample without replacement here https://gist.github.com/kirillseva/961fa1f5b5d64254e0117caf11b64b27#file-simulation-r-L18 https://gist.github.com/kirillseva/961fa1f5b5d64254e0117caf1... then we'd indeed have a balanced situation where everybody keeps their initial balance. However, we do sample with replacement, and at some point a lucky winner is going to start hoarding cash. Until such time when no one has cash to pay the winner, and he's ultrawealthy... on paper