Starting consumer wealth and labor income variance

[sbenthall]

Once we find a good 'target wealth' number, and have the consumers starting with that as mean wealth, and have that balanced with the market power of the market makers, etc.

THEN

We should widen the variance of the starting wealth so that the consumers have more balanced buy/sell orders.

[sbenthall]

Setting a very high variance has a strange effect. Because this increases the size of the lognormal wealth tail, it basically creates a super-consumer, whose attention and consumption choices are orders of magnitude above the size of the rest of the population.

This doesn't necessarily accomplish the balancing of the broker behavior which is what's intended. It's probably best to first implement #253 and then use that to tailor the population stats.

[sbenthall]

@alanlujan91 We discussed this morning that we might or might not want to have more variance in the starting consumer labor income.

We might also want to have variance in starting wealth. (the original topic of this issue, but let this issue from now on be about starting state of consumers.)

Ideally, we could start these at the ergodic distributions, if those exist, but discovering them requires a lot of computation. How do you think we should proceed?

[sbenthall]

@alanlujan91 to make the call on whether or not to have more heterogeneity on this.