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Halfway along a logarithmic scale what a beautiful way to describe it. I am surprised at accurate that image is. Where did you hear this expression?
by kentrado 5y ago
Halfway along a logarithmic scale what a beautiful way to describe it. I am surprised at accurate that image is. Where did you hear this expression?
- trylfthsk 5y agoThe earliest usage of the idea of "log utility of wealth" I'm aware of is in Daniel Bernoulli's work on the St. Petersburg lottery [0], but it pops up all over mathematical finance stuff. [0] https://plato.stanford.edu/entries/paradox-stpetersburg/ https://plato.stanford.edu/entries/paradox-stpetersburg/