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You are offered a job that lasts for 7 weeks. Choose your salary: (A) $100 on the first day, $200 on the second day, $300 on the third, and so on. OR (B) 1 cent on the first day, 2 cents on the second, 4 cents on the third, 8 cents on the fourth, doubling each day. >>Permalink On twitter.com
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2020 Mar 15
Mood 0
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…in reply to @axbom
Most people unfamiliar with exponential growth choose salary A. If you did you would earn 2800 in week 1, then $7700, $12600, $17500, $22400, $27300 then $32200, for a grand total of $122,500. Not bad. That money may get you where you want to go. But...Permalink On twitter.com
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2020 Mar 15
Mood +9 🙂
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…in reply to @axbom
Those who choose salary B earn $1.27 in week 1, then $162.56, $20807.68, $2,663,383.04, $340,913,029.12, $43,636,867,727.36 then $5,585,519,069,102.08 for a total of $5,629,499,534,213.11.Permalink On twitter.com
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❤️ 16 Favorites
2020 Mar 15
Mood 0
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…in reply to @axbom
My simple point is this: in an environment of exponential growth, don’t let yourself be fooled by small numbers. I also acknowledge that in a real world envionment exponential growth rarely persists because resources run out, or there are fewer people to infect. Stay well. ❤️On twitter.com
♻️ 4 Retweets
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2020 Mar 15
Mood +2 🙂
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…in reply to @axbom
Related wisdom from steph: sclawr/1239249127030108160?s=20Permalink On twitter.com
❤️ 1 Favorite
2020 Mar 15
Mood +1 🙂