This is a really cool link. There is something I don’t understand in the example though. The first scenario assumes that when you play a richer opponent and win, you get 20% of your total money before that flip (less than you started with, 960). But then later when playing as a person who won the first flip, if you play against someone who lost the first flip and lose, you would lose 20% of your money and the winner gains 20% of YOUR money, not 20% of their money, leading to them having 1040 and you having 960. So something is screwy here unless I missed something.
Agree with the premise overall. Maybe the example needs workshopping though? I can’t quite tell what happens when people with highly disparate amounts of money play each other as far as who gets what I’m the outcome.
But then later when playing as a person who won the first flip, if you play against someone who lost the first flip and lose, you would lose 20% of your money and the winner gains 20% of YOUR money, not their starting amount.
This is a really cool link. There is something I don’t understand in the example though. The first scenario assumes that when you play a richer opponent and win, you get 20% of your total money before that flip (less than you started with, 960). But then later when playing as a person who won the first flip, if you play against someone who lost the first flip and lose, you would lose 20% of your money and the winner gains 20% of YOUR money, not 20% of their money, leading to them having 1040 and you having 960. So something is screwy here unless I missed something.
Agree with the premise overall. Maybe the example needs workshopping though? I can’t quite tell what happens when people with highly disparate amounts of money play each other as far as who gets what I’m the outcome.
That’s just an example. The point is that in a yard sale economy, ❝democratic❞ capitalism, [directly]
empowersleads to national ❝socialism❞ (Fascism).Both Goldholz’s Mathematics & History teachers forgot to drill it their heads.
The wager is 20% of the poorer player’s money.