4 ms·
> Such a discrepancy between a Normal distribution of inputs, with a typical scale (the average talent or intelligence), and the scale invariant distribution of
by Const-me 8y ago
> Such a discrepancy between a Normal distribution of inputs, with a typical scale (the average talent or intelligence), and the scale invariant distribution of outputs, suggests
Read this: http://www.physics.umd.edu/~yakovenk/papers/EPJB-17-723-2000.pdf http://www.physics.umd.edu/~yakovenk/papers/EPJB-17-723-2000...
The authors started with even distribution of money, and random transactions with uniform probability, yet they arrived to very uneven distribution of outcomes.
- dbingham 8y agoThis makes perfect sense given the multiplier affects built into the Capitalist system. The more money you have, the more easily you can grow that money. The moment an imbalance forms it would naturally continue to grow. The fact that Capitalism will amplify and exacerbate any imbalance that forms, does not preclude the possibility that there are structural factors that help form those initial imbalances in Capitalism. Factors like differences in family wealth, access to education, access to connections with loan or startup capital, access to political connections, and so forth.
- Const-me 8y agoHave you read the article? It's written by physicists not capitalist. It discusses how 100% fair random transactions result in very uneven outcomes. Not unlike Maxwell-Boltzmann distribution, which is also very uneven: https://en.wikipedia.org/wiki/Maxwell%E2%80%93Boltzmann_distribution https://en.wikipedia.org/wiki/Maxwell%E2%80%93Boltzmann_dist...
- nathan_long 8y agoI get a 403 on that link. Have a copy?
- Const-me 8y agohttps://arxiv.org/abs/cond-mat/0001432 https://arxiv.org/abs/cond-mat/0001432