A Random Distribution of Wealth (4)

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? How is wealth distributed over time by pure chance?

Here, we simulate a population of 55 players, given a starting capital of $45 each, for 5,000 rounds.

This model is the same as in the basic version, but includes basic economics, like debt (whithout interest) and investments that are geometrically proportional to the respective wealths of the spending and the receiving player. Transaction are limited to a maximum of half the current capital of either player, but may not undercut a liminal cost of a quarter Dollar per round.

This basic simulation of available income and economic potential limits debt as compared to what we observed in the basic gemetrically proportional model, but also increases the happy few phenomenon.

For any transactions between two players (P_i : P_r)_t wealths W are mutated by a turnover z as in

W_i,t = W_{i, t-1} − z

and

W_r,t = W_{r, t-1} + z

where

z = √( (W_{i, t-1} ÷ W_t0)² + (W_{r, t-1} ÷ W_t0)² )

and z ≤ W_{i, t-1} × 0.5 and z ≤ W_{r, t-1} × 0.5 and z ≥ 0.25

Thus, z will be 1 at t₁ and growth rates will evolve in subsequent iterations with the developing market positions of the individual players involved in a transaction.

The "Run" button starts a new simulation, which may stopped and resumed any time. Once stopped, you may navigate the entire timeline by means of the slider at the bottom of visualization. Orange bars represent the individual players and their respective wealth, while the blue bars represent the distribution in the population, ordered from the poorest players at the left to the richest one at the far right. The median of this distribution is marked by a dotted line.

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