Thanks, Jim. But I truly believe economists can't handle anything other
than linear.
When Pat, my wife, was taking economics in college, she asked the question
of her prof for me. The answer came back, "if we use logs, we lose
resolution and accuracy." Yea.........sure........to my original
point........
Dave - W?LEV
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On Thu, Mar 16, 2023 at 12:55?AM Jim Lux <jimlux@...> wrote:
On 3/15/23 10:09 AM, W0LEV wrote:
Yes, indeed. Why don't nations, especially the US, use dB and logarithms
in their budget figures??? Can the economists not handle anything other
than linear units??????
I refer you to Norm Augustine's famous paper where he plotted cost of
military systems (aircraft carriers, airplanes) on log scale and it was
linear. And from that, he inferred that in 20xx ( I can't remember) that
the US Dept of Defense would be able afford one airplane.
It shows up in the Augustine's Laws book, but the original article is in
the journal Land Warfare.
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*Dave - W?LEV*
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Dave - W?LEV
