3 ms·
I wonder if this is an artefact of the rules of the sim. There's weak evidence that supports the sim in that it predicts the current wealth distribution somewha
by scarejunba 7y ago
I wonder if this is an artefact of the rules of the sim. There's weak evidence that supports the sim in that it predicts the current wealth distribution somewhat, but that doesn't mean the sim represents reality, of course.
The part that sticks out to me is the variation in the talent param. It's N(0.6, 0.01), so the mean person has a 60% chance of capitalizing on their luck. I wonder if perhaps that number is actually substantially lower.
Well, just a thought. I found the paper's methods interesting (simulating the agents and events random-walking until they encountered each other, etc.).