Sister blog of Physicists of the Caribbean in which I babble about non-astronomy stuff, because everyone needs a hobby

Wednesday, 8 August 2018

Talent-luck updates

Further updates to the talent-success program. Couple more plots on wealth as a function of the number of lucky/unlucky events, giving nice agreement with the original paper. Also had it print out the total amount of wealth and the fraction of wealth owned by the 20% richest. This confirms the 80:20 rule, as in the original paper. Just a couple more plots left to add before I can start thinking of doing something new... I have a suspicion that this is quite fine tuned. The 80:20 rule is definitely a function of time; starting with a variation in wealth across the population may change the results, etc.

Anyway, it all seems to be in very good agreement with the original paper, so that's good. Did I mention that it's open source and in Python ?
https://repl.it/@RhysTaylor1/TalentVersusLuck

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