June 2016 Archives

Further On The Wealth Of Stations

Recall that my fellow students and I have resolved to investigate the role of chance in the spread of wealth amongst the populace by creating a series of games with which we might approximate its ebb and flow. Our first such game was of so simplistic a construction that it offered no meaningful insights into the matter, but at least shed some light upon the manner in which we might answer such questions as what are the chances that, in a perfectly fair game, a few players might fare significantly better than the many or what are they that a player having had a run of poor luck might conclude the game ahead of a fellow who had had better?
We have since spent some mental effort improving the rules of our game and it is upon these changes that I shall now report.

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