3 ms·
Just going by the fact that the wealth distribution is fat-tailed, the (stochastic) rate at which you obtain wealth must be roughly proportional to your current
by neutronicus 15y ago
Just going by the fact that the wealth distribution is fat-tailed, the (stochastic) rate at which you obtain wealth must be roughly proportional to your current wealth. Otherwise, you'd expect an exponential decay in the wealth distribution.