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

[DukeTrout]

@wisnesky

Economic growth is by definition not zero sum, and yet this game is; as such, the correct conclusion to draw is that economies must grow to survive.

3 to 5% is very fast GDP growth in a mature economy. You could hand out $5 to each player each round in the game outlined above, and it wouldn’t change the outcome in the slightest.