{"id":3562,"date":"2019-12-02T08:46:25","date_gmt":"2019-12-02T14:46:25","guid":{"rendered":"http:\/\/handyvandal.com\/?p=3562"},"modified":"2020-06-01T05:40:32","modified_gmt":"2020-06-01T11:40:32","slug":"the-game-of-oligarchy","status":"publish","type":"post","link":"https:\/\/handyvandal.com\/wphv\/2019\/12\/the-game-of-oligarchy\/","title":{"rendered":"The Game of Oligarchy"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/handyvandal.com\/wphv\/wp-content\/uploads\/2019\/12\/The-Game-of-Oligarchy-300x225.jpg\" alt=\"The Game of Oligarchy\" width=\"300\" height=\"225\" class=\"alignright size-medium wp-image-3567\" srcset=\"https:\/\/handyvandal.com\/wphv\/wp-content\/uploads\/2019\/12\/The-Game-of-Oligarchy-300x225.jpg 300w, https:\/\/handyvandal.com\/wphv\/wp-content\/uploads\/2019\/12\/The-Game-of-Oligarchy-768x576.jpg 768w, https:\/\/handyvandal.com\/wphv\/wp-content\/uploads\/2019\/12\/The-Game-of-Oligarchy.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Internet Archive founder and and game designer Brewster Kahle has invented a coin-flip economic simulation game which he calls <strong><a href=\"http:\/\/brewster.kahle.org\/2019\/11\/30\/the-game-of-oligarchy\/\">The Game of Oligarchy<\/a><\/strong>. The rules are simple:<\/p>\n<blockquote><p>\n* Each gets a pad of paper and pen and writes $100 at the top, that is their pot of money<br \/>\n* Each gets a coin to flip<br \/>\n* Then each player picks another player agrees to gamble on a flip of a coin, they agree on which wins on heads, and tosses. The stake of the gamble is set at 50% of the lesser of the pots of that pair. So in the beginning, when everyone has $100, the gamble is $50.<br \/>\n* Then the players pick another player (or the same player) to do another round. This proceeds.\n<\/p><\/blockquote>\n<p>&#8220;What is amazing is that even through each toss is &#8220;fair&#8221; in that it is a 50-50 chance to win a straight amount of money, the results shows one player wins all the money, and really quickly.&#8221;<\/p>\n<p><a href=\"http:\/\/\"http:\/\/brewster.kahle.org\/2019\/11\/30\/the-game-of-oligarchy\">The Game of Oligarchy<\/a><\/p>\n<p><a href=\"http:\/\/hackerfactor.com\/oligarchy-game.php\">Online automated implementation of The Game of Oligarchy<\/a> by Neal Krawetz<\/p>\n<p>Via Boing Boing: <a href=\"https:\/\/boingboing.net\/2019\/12\/01\/ayn-rand-disease.html\">The Oligarch Game: use coin-tosses to demonstrate &#8220;winner take all&#8221; and its power to warp perceptions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Internet Archive founder and and game designer Brewster Kahle has invented a coin-flip economic simulation game which he calls The Game of Oligarchy. The rules are simple: * Each gets a pad of paper and pen and writes $100 at the top, that is their pot of money * Each gets a coin to flip [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[],"class_list":["post-3562","post","type-post","status-publish","format-standard","hentry","category-economic-simulations"],"_links":{"self":[{"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/posts\/3562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/comments?post=3562"}],"version-history":[{"count":10,"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/posts\/3562\/revisions"}],"predecessor-version":[{"id":3574,"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/posts\/3562\/revisions\/3574"}],"wp:attachment":[{"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/media?parent=3562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/categories?post=3562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/handyvandal.com\/wphv\/wp-json\/wp\/v2\/tags?post=3562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}