Many, many chance experiments, if repeated long enough, will generate histograms that approximate the shape of the Normal Curve.
VIDEOS
Rise of the Global Elite
The Agenda with Steve Paikin
The already wealthy have emerged from the
global recession in an even wealthier position. What does the rise of global
elites mean to power and influence at home and abroad?
On
Inequality
The Agenda with Steve Paikin
Chrystia Freeland on the state of income inequality and tensions between
rich and poor states in Europe.
The Truth About the Growing Income Gap
Chicago Ideas Week
Chyrstia Freeland on the statistics and how the numbers
don't tell the whole story.
SIMULATIONS
Computer
Animation of Money Exchange Models
by Victor Yakovenko
A narrow initial distribution, where all agents have the same amount
of money, is unstable and evolves in time into a broad and skewed distribution,
where many agents have low money balances and few agents have high
money balances.
BOOK DESCRIPTIONS
Capital in the Twenty-First Century
by Thomas Piketty
The historical evolution of inequality in advanced economies, and capitalism’s
inherent dynamics.
