"inequality of wealth rapidly appears and then persists (though each individual person bobs up and down from rich to poor."
Does still sound fair to me.
Does still sound fair to me.
The instantaneous distribution of money among the agents of a system should not be confused with the distribution of wealth. The latter also includes material wealth, which is not conserved, and thus may have a different (e.g. power-law) distribution.
The simulation might be a good model of how money distribution works, but it doesn't reflect how wealth distribution works. The simulation only works because money can neither be created nor distroyed (in the simulation, at least). Wealth can be so we shouldn't expect the simulation to predict its behavior.
[1]: https://physics.umd.edu/~yakovenk/papers/EPJB-17-723-2000.pd...