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Before I read this article, the following question popped into my mind and it miiiiiight be tangentially related -- yea probably not, blame the title ;) When ta
by mettamage 10y ago
Before I read this article, the following question popped into my mind and it miiiiiight be tangentially related -- yea probably not, blame the title ;) When taking the concept of consistency, does consistency have an effect that is akin to compound interest?
For example, imagine someone doing the same thing year after year diligently. (S)he'd increase his or her skill say 10% a year (have no clue what realistic numbers are). Would that mean that the compound interest effect would occur?
I phrased it really naievely, because while the answer is "yes" in those circumstances (1.1 ^ n). I'm overlooking a lot and have no clue what I overlook.
I know it's off-topic, it's what I thought when I read the title and I never thought about it before, so I'm a bit too curious at the moment ;)