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I actually think it's borderline impossible to inflation adjust $10M 197x (for any value of x) dollars to today's money in any reasonable way, given the dramati
by billforsternz 13y ago
I actually think it's borderline impossible to inflation adjust $10M 197x (for any value of x) dollars to today's money in any reasonable way, given the dramatic changes in lifestyle and how they affect any plausible representative basket of goods. So I profoundly disagree with you. If anything, there should be much more uncertainty than my $30M, that sort of implies between $25 and $35M (approx), still too precise for me. Your suggestions of $28M or $28.4M I feel are absurd. Although not nearly as absurd as using 10 full figures of significance. Finance is the only field where that occurs routinely, and I can never understand why nobody gets called on it (hence my original comment). I agree with you on the number Woz chose. Basically he was choosing a round number that was a "whole lot of money", and no doubt today he would choose an even bigger round number that's still "a whole lot of money".
- benatkin 13y agoI think people who care just get used to reading notes on the numbers instead of having the numbers sanitized before they get to them. I agree it's a problem but I think the best solution is to get more people to read the notes than to sanitize the numbers. I think the numbers should have most of their figures dropped, though.