4 ms·
Also mind that any sharing process randomly selects a few winners. There's the famous example of "What happens, if 100 persons in a room are given $100 each and
by masswerk 5y ago
Also mind that any sharing process randomly selects a few winners. There's the famous example of "What happens, if 100 persons in a room are given $100 each and give away a Dollar to one randomly chosen person in this room each tick of the clock?" [1] Distributions become even more articulated, as we introduce any kind of market to this basic model, and wins are soon off the scale. Now start to promote those winners by algorithm…
The only means of counter-acting is human oversight/criticism/regulation, but, as the study shows, this reaches only that far.
[1] A simple simulation may be found here: https://www.masswerk.at/misc/wealth/ https://www.masswerk.at/misc/wealth/