Exponential growth bias: The numerical error behind Covid-19

13 Agosto 2020

Imagine you are offered a deal with your bank, where your money doubles every three days. If you invest just $1 today, roughly how long will it take for you to become a millionaire?

Would it be a year? Six months? 100 days?

The precise answer is 60 days from your initial investment, when your balance would be exactly $1,048,576. Within a further 30 days, you’d have earnt more than a billion. And by the end of the year, you’d have more than $1,000,000,000,000,000,000,000,000,000,000,000,000 – an “undecillion” dollars.


Prosegui la lettura su BBC – Future

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