Jordan Peterson - Pareto Distributions
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Further reading 1
Caption notes
Peterson uses coin-flip transfers and Monopoly to illustrate concentration. Initial wealth, the size of each stake and what happens at zero shape the toy result. Applying it to observed wealth requires checking whether the same rules operate there.
Archived captions (transcription method unspecified) ↗Original passages · 2
What happens when you play monopoly?By flipping a coin