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<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Wealth condensation in a simple model of economy · HackerPapers discussions</title><link>https://hackerpaper.kaipfister.de/p/cond-mat_0002374/</link><description>Collected HN comments and submissions linking this paper.</description><language>en</language><lastBuildDate>Mon, 02 Nov 2026 11:16:22 GMT</lastBuildDate><atom:link href="https://hackerpaper.kaipfister.de/p/cond-mat_0002374/feed.xml" rel="self" type="application/rss+xml" /><item><title>Wealth condensation in a simple model of economy — mentioned by giardini</title><link>https://news.ycombinator.com/item?id=16593455</link><guid isPermaLink="false">urn:hackerpapers:mention:cond-mat_0002374:16593455</guid><pubDate>Thu, 15 Mar 2018 15:06:56 GMT</pubDate><description>&lt;p&gt;Instead of wasting time on a (rather biased) critique, read the original paper: &amp;quot;Talent vs Luck: the role of randomness in success and failure&amp;quot; by A. Pluchino. A. E. Biondo, A. Rapisarda https://arxiv.org/abs/1802.07068 Are the rich wealthy because they somehow earned it? Examination reveals that this is not true and that the most extreme cases of wealth accumulation (which show a surprisingly consistent pattern across cultures) are attributable more to luck than to skill. Mark Buchanan examines this in his excellent book &amp;quot;The Social Atom&amp;quot; (pp.172-174)…&lt;/p&gt;&lt;p&gt;&lt;a href="https://hackerpaper.kaipfister.de/p/cond-mat_0002374/"&gt;Paper and discussion history&lt;/a&gt;. A mention is not an endorsement.&lt;/p&gt;</description><category>cond-mat</category></item><item><title>Wealth condensation in a simple model of economy — mentioned by nabla9</title><link>https://news.ycombinator.com/item?id=16593332</link><guid isPermaLink="false">urn:hackerpapers:mention:cond-mat_0002374:16593332</guid><pubDate>Thu, 15 Mar 2018 14:53:34 GMT</pubDate><description>&lt;p&gt;When selecting a model to demonstrate some dynamic behaviour: 1. First select the simplest model that captures some generic and essential. 2. Vary the parameters and introduce additional variables to that model to see how sensitive it is to different parameters values and variations of the model. The general state phase under variation is what builds confidence to the model. Some other results: * Peter Norvig: Simple Economics Simulation: https://github.com/norvig/pytudes/blob/master/ipynb/Economic... * Uri Wilensky even simpler version…&lt;/p&gt;&lt;p&gt;&lt;a href="https://hackerpaper.kaipfister.de/p/cond-mat_0002374/"&gt;Paper and discussion history&lt;/a&gt;. A mention is not an endorsement.&lt;/p&gt;</description><category>cond-mat</category></item><item><title>Wealth condensation in a simple model of economy — mentioned by ppereira</title><link>https://news.ycombinator.com/item?id=3120123</link><guid isPermaLink="false">urn:hackerpapers:mention:cond-mat_0002374:3120123</guid><pubDate>Mon, 17 Oct 2011 12:06:59 GMT</pubDate><description>&lt;p&gt;There is a lot of interesting research on wealth inequality in the US and around the world. For those interested in looking at data, I suggest the following as a starting point: A historical database of top incomes in several countries: http://184.168.89.58/sketch/ A nice theoretical starting point on taxation and inequality: http://arxiv.org/pdf/cond-mat/0002374 Note that the term used to express trade in the first section of the paper could also be used to model progressive/negative tax rates. Plots of the income going to the top 0.1% above a plot of the US top marginal tax rate (a proxy…&lt;/p&gt;&lt;p&gt;&lt;a href="https://hackerpaper.kaipfister.de/p/cond-mat_0002374/"&gt;Paper and discussion history&lt;/a&gt;. A mention is not an endorsement.&lt;/p&gt;</description><category>cond-mat</category></item></channel></rss>
