Why limiting distribution is not relatively flat or normal

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Reference no: EM131330451

1. Write the rules for the Simple Economy model in textual pseudo-code format.

2. The Simple Economy model results in a surprising limiting exponential distribution. Describe in words why the limiting distribution is not relatively flat or normal.

3. What rule could you add to the Simple Economy model to increase the wealth inequality? What rule could you add that would decrease the inequality?

Reference no: EM131330451

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