3 ms·
1 to 5 is .7 orders of magnitude; 1 to 2 is 0.3; both are roughly equidistant from half an order of magnitude. Clearly we need $1, $3, $9, $27 bills ;) An int
by mlyle 3y ago
1 to 5 is .7 orders of magnitude; 1 to 2 is 0.3; both are roughly equidistant from half an order of magnitude.
Clearly we need $1, $3, $9, $27 bills ;)
An interesting thing to think about is-- assuming the distribution of transaction values follows a power law-- where's the point of diminishing returns on having more denominations? I know this isn't well-posed; we'd also have to quantify the downside in having more denominations.
- dasyatidprime 3y agoExactly equidistant, in fact. 5×2 = 10 ∴ log(5) + log(2) = log(10) ∴ 0.5log(10) − log(2) = log(5) − 0.5log(10).
- mlyle 3y agoGood point-- I should have thought that through a little more :)