Browse

1 break
AllBiologyComputingEarth & SpaceEconomicsEngineeringFood ScienceHistoryLanguageMathsMindMusic & SoundPhysics
Why fair coin flips end with one person owning almost everything: the yard-sale model of wealth Give 60 people 100 coins each and let them trade by fair coin flips, with the stake a fixed share of the poorer person's wealth. Nobody has any skill or… Economics4 min read