This is the template for the UIST 2020 paper submissions. It is provided for your convenience by the UIST 2020 Program Chairs, as a template for submissions, and pre-loaded in Overleaf for ease of editing online. Please see the http://uist.acm.org/ page for more details on manuscript preparation.
Understanding the origins of wealth inequality is critical in the debate over what, if anything, to do about it. In this note, we propose a simple model which is still rich enough to reproduce observed patterns of wealth inequality. We call it the Concentrated Asset Betting (CAB) model. A key element of CAB is a phenomenon known in the gambling world as “over-betting the edge.” The model we propose is based on the observation that a high fraction of investors have experienced sub-par growth in their savings, after allowing for consumption and philanthropy, relative to the tremendous long-term growth in the public stock market. Some of the reasons put forward to explain the shortfall in investor returns include investment fees, commissions and taxes. Our model suggests there may be something even larger and more insidious at work – pervasive and systematically poor money management.
This template can be used to prepare a research article for submission to the OSA/IEEE Journal of Optical Communications and Networking (JOCN).
Note that this template can be run from your own TeX system or within the cloud-based Overleaf system (formerly writeLaTeX).
Once your article is complete, you may submit it directly to Prism (the OSA's article tracking system) via the 'Submit to OSA' option in the Overleaf editor.