Pith. sign in

REVIEW

Wealth concentration in systems with unbiased binary exchanges

Not yet reviewed by Pith; the record is open.

This paper has not been read by Pith yet. Machine review is queued; the pith claim, tier, and objections will appear here once it completes.

SPECIMEN: schema-true, not a live event

T0 review · schema-true

One-sentence machine reading of the paper's core claim.

pith:XXXXXXXX · record.json · timestamp

arxiv 2012.00206 v2 pith:FRMW3FUC submitted 2020-12-01 q-fin.GN cond-mat.stat-mech

classification q-fin.GNcond-mat.stat-mech
keywords binaryunbiasedwealthconsiderexchangesinequalitymodelsperfect
verification ladder T0 review T1 audit T2 compute T3 formal

Signed reviews

No signed human review yet.

0 comments
read the original abstract

Aiming to describe the wealth distribution evolution, several models consider an ensemble of interacting economic agents that exchange wealth in binary fashion. Intriguingly, models that consider an unbiased market, that gives to each agent the same chances to win in the game, are always out of equilibrium until the perfect inequality of the final state is attained. Here we present a rigorous analytical demonstration that any system driven by unbiased binary exchanges are doomed to drive the system to perfect inequality and zero mobility.

Discussion (0). Continue with ORCID to comment.

Pith tools