You can borrow real option theory to explain this.



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送交者: skipper3 于 2005-4-13, 13:45:53:

回答: 俺不相信多数穷人不希望通过投票把财产翻一番 由 随便 于 2005-4-13, 11:49:50:

Wealth includes not only tangible assets (cash and equity) but also intangible ones such as rights and opportunities to earn in the furture. Such rights and opportunities are real option granted by a responsible government for free, mostly in the form of education and social development.

The value of such options is determined by the strike price, the spot price and volatitilty of future prospects. Lower strike price, higher spot price and higher volatility warrant higher option value.

In simplified forms, for poor families, the strike price is total current wage income, typically minimum wage income, for life, the spot price is total middle class income for life and volatility is revolution.

So you are right poors tend to desire revolution because it increase the value of the real option they hold. On the other hand, revolution causes disrruption to social and economic order therefore would lower the spot price, which is not desirable. So the best is a tradeoff: you keep a society as vibrant as possible but a set of ground rules must be respected.

Based on that, in comaprism with that of rich families the real option for the poors carries higher value. In other words, poors are not as poor and richs are not as rich as what appears on paper.



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