The Oligarch Game: use coin-tosses to demonstrate "winner take all" and its power to warp perceptions

It’s funny, I do remember considerations of dumb luck, and I know economists and if you bring it up they’ll tell you a lot of what happens is luck. I think the problem is that they essentially see humans as a fungible commodity. It’s okay if someone is lucky because we all might be that someone.

Assign an interest rate. At the end of every round everyone’s wealthy grows by that rate. It is trivial to observe this doesn’t change how the game plays out unless the new money is unequally shared, with more going to the poorer players. But note in that reality returns on investment are unequally shared with more going to the richer people.

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