Re:Counterintuitive problem: People in a room keep giving do...
by nazgul17 on Sunday July 09, 2017 @05:58PM
(#14731938)
You misunderstand. The parent meant that the amount is infinite, so the property that eventually every state will happen is no longer there.
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Re:Counterintuitive problem: People in a room keep giving do...
by meric on Sunday July 09, 2017 @07:49PM
(#14732396)
Wow, a mathematical explanation of how uncapped debt reduces wealth mobility.
Re:Counterintuitive problem: People in a room keep giving do...
by nandemo on Sunday July 09, 2017 @09:47PM
(#14732834)
You're kidding, right? No way a generic observation about a markov chain (which doesn't even model interest) implies that "uncapped debt reduces wealth mobility".
Re:Counterintuitive problem: People in a room keep giving do...
by e12e on Monday July 10, 2017 @09:59AM
(#14735945)
So, with typical debt, interest rates are higher for debt than for savings. Does seem that a) removing the cap, and b) introducing interest on savings < debt would trap some people in poverty?