3 ms·
That's all fine and dandy in theoretical world, but I'd dispute that the probability of a transaction resulting in value v is uniform. I'd guess that there's so
by manifold 17y ago
That's all fine and dandy in theoretical world, but I'd dispute that the probability of a transaction resulting in value v is uniform. I'd guess that there's some fairly prominent banding due to psychogical pricing at or just under 'round' figures.
- uiohnuipb 17y agoExactly - in the real world you only need 99c and 1c coins.
- tedunangst 17y agoIn the real world they charge sales tax.
- uiohnuipb 17y agoThat's a perculiarly American problem - everybody else factors tax into the sticker price. It's only America that seems to add it at the register. I assume it's to take advantage the famously high level of math education among Americans who can easily add 4.5% state and 1.8% city sales tax to a coffee in their head.
- tedunangst 17y agoFor an article in an American paper about the American currency, I don't think the problem is that peculiar.