If, luckily, the business does succeed, the person who risked the money will have more than when they started. Just as in the game, it is luck of the draw whether or not the business will succeed. This is illustrated in the real world when people who might not have a lot of money risk all or most of their savings to start a business. Furthermore, people with less coins were more willing to "risk it all" by betting all of their coins, as they had less to lose.
This can be seen in the real world where big businesses often take advantage of unsuspecting customers. Additionally, the game illustrated how people with more coins, or money, are more conservative about their spending, while they also might try to take advantage of those with less money. Some people do start off with more money, as people may be born into wealthy families and then reap the benefits that ensue when your parents have a lot of money. This is not actuality, though, in the real world. No one has an advantage over any others at the beginning of the game, because everyone started off with the same number of coins. Each player has an equal chance at succeeding and at failing, and just chance determines what happens. However, the key word is luck, due to the fact that this is just what this game is, based entirely on the luck of the draw. Luckily, and that is the key word, I stayed in the whole time and never became bankrupt. If a player ran out of coins, then they had to go stand by the wall and were considered "bankrupt". This continued for two minutes until the players had to stop and collect their coins. Once the coin was flipped, and the face shown, whoever called the correct side received the bets from each side. Also, before flipping the coin, or while the coin was flipping, the pair would have to agree on how many coins would be wagered. Then people would partner up with someone else, and one person would flip a coin, and the younger person would call heads or tails. In class, we did an activity in which each person started off with (I believe) five (?) pennies. Income is defined as the amount of money that a person receives each year as a result of work or investment. Wealth is defined as a person's income combined with their assets, such as homes, investments, land etc. This means that 99% of Americans hold less than half of the nations wealth. It does not store any personal data.It is interesting, and disturbing, to note, that in the United States of America, 1% of people in the country hold over half of the nation's wealth. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin.
The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.