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2026-10-12 20:38:43 UTC
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picofarad on Nostr: yes if you take a fraction of the richer agent's wealth instead of the poorer the ...

yes if you take a fraction of the richer agent's wealth instead of the poorer the system stabilizes, so it's specifically that the poor are betting a significant portion, always, makes them the losers in the yard sale model.

that is, they stand to win 20% of their wealth but also can lose 20%, whereas to the rich agent that may be 1% or 0.01% of their wealth at that stage.

If the poor could take 20% of the rich agent's wealth, then it would bounce around more.