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Has anyone ever studied wealth distribution to see if it's fractal based? It would be interesting if human interaction followed the same design principals as na
by mmcconnell1618 16y ago
Has anyone ever studied wealth distribution to see if it's fractal based? It would be interesting if human interaction followed the same design principals as natural formations.
- yummyfajitas 16y agohttp://en.wikipedia.org/wiki/Pareto_distribution#Applications http://en.wikipedia.org/wiki/Pareto_distribution#Application...
- mmcconnell1618 16y agohttp://books.google.com/books?id=onNuF70-xRIC&pg=PR9&dq=pareto+fractal+wealth+distribution&hl=en&ei=dquLTZyxDMuD0QH9k42HDg&sa=X&oi=book_result&ct=result&resnum=5&ved=0CEcQ6AEwBA#v=onepage&q=pareto%20fractal%20wealth%20distribution&f=false http://books.google.com/books?id=onNuF70-xRIC&pg=PR9&... "Pareto found that the distribution of income was well approximated by a log-normal distribution, except for approximately the upper 3 percent of wealthy individuals."
- crasshopper 16y agoThe Pareto distribution goes as a power law -- the same distribution as self-organizing processes.
- crasshopper 16y agoMoreover you can generate a realistic wealth distribution via random auctions. (Hopefully you are becoming inspired to do some agent-based computational economic modelling! It's fun.)