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vrijdag, december 23, 2022

The Matthew effect - Wikipedia

The Matthew effect of accumulated advantageMatthew principle, or Matthew effect, is the tendency of individuals to accrue social or economic success in proportion to their initial level of popularity, friends, wealth, etc. It is sometimes summarized by the adage "the rich get richer and the poor get poorer".[1][2] The term was coined by sociologists Robert K. Merton and Harriet Zuckerman[3] in 1968[4] and takes its name from the Parable of the Talents in the biblical Gospel of Matthew.

The Matthew effect may largely be explained by preferential attachment, whereby wealth or credit is distributed among individuals according to how much they already have. This has the net effect of making it increasingly difficult for low ranked individuals to increase their totals because they have fewer resources to risk over time, and increasingly easy for high rank individuals to preserve a large total because they have a large amount to risk.[5]